Covenant College— Earnings & Cost Trends
Graduate Earnings
$50,412
in 2021+20% since 2008
Median Graduate Earnings Over Time
Net Price (Annual Cost) Over Time
Graduation Rate Over Time
Key Insights
- •Earnings grew 20% since 2008 — graduates are earning more over time
- •Net price increased 33% since 2010 — costs are rising faster than inflation
- •Graduation rate improved by 19 percentage points since 1998
Year-by-Year Data
| Year | Earnings | Net Price | Grad Rate | Debt |
|---|---|---|---|---|
| 1998 | — | — | 53% | $6,700 |
| 1999 | — | — | 48% | $6,125 |
| 2000 | — | — | 57% | $7,000 |
| 2001 | — | — | 51% | $7,550 |
| 2002 | — | — | 61% | $7,000 |
| 2003 | — | — | 64% | $8,000 |
| 2004 | — | — | 59% | $8,975 |
| 2005 | — | — | 64% | $9,000 |
| 2006 | — | — | 68% | $8,750 |
| 2007 | — | — | 64% | $8,000 |
| 2008 | $42,000 | — | 58% | $8,250 |
| 2009 | — | — | 65% | $9,500 |
| 2010 | $41,100 | $19,797 | 58% | $11,556 |
| 2011 | — | $18,709 | 55% | $12,000 |
| 2012 | $39,800 | $19,894 | 51% | $12,000 |
| 2013 | $39,600 | $20,551 | 61% | $14,500 |
| 2014 | $39,100 | $20,141 | 58% | $15,750 |
| 2015 | $41,200 | $21,715 | 57% | $16,639 |
| 2016 | — | $23,742 | 64% | $18,590 |
| 2017 | — | $22,721 | 67% | $19,500 |
| 2018 | — | $22,202 | 69% | $18,822 |
| 2019 | — | $22,234 | 71% | $17,375 |
| 2020 | — | $23,413 | 65% | $18,250 |
| 2021 | $50,412 | $25,335 | 68% | $19,000 |
| 2022 | — | $24,467 | 73% | — |
| 2023 | — | $24,446 | 74% | — |
| 2024 | — | $24,832 | 72% | — |
| 2025 | — | $26,265 | 71% | — |