Usually, college tuition rises about 3% year.
Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe a lot less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theactual cost of attending college feel more doable until you're done with college.
Covenant College meets 80% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Covenant College is around $33,686 a year.
The average student debt for graduates in the class of 2023 was around $24,742 per student, not including those with no debt.
Covenant College is a private, religious institution, so it has the same tuition for residents of Georgia as it does for residents from other states.
Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for students who are residents of that state.
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Don't forget to verify your state's rules for as an in-state resident. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on the state you and your parents currently live in.
Explore other Georgia colleges
Covenant College has the same tuition for international students as for those from out of state.
Students from outside of the U.S. are not eligible for federal financial aid, but may qualify for private or Covenant College-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may qualify for the following types of financial support at Covenant College:
•On-campus jobs •Covenant College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Covenant College.
Meal-plan costs can depend on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be optional fees associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Many schools have resources for students who may struggle to participate because of cost can find ways to lower or eliminate these fees.
The total cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or are you planning to use public transportation? All of these questions can drastically impact your transportation budget. At Covenant College, freshman are allowed to park on campus.
A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area could be expensive, but cities may offer more buses, trains or affordable flights to actually get to school. Covenant Collegeis located in a suburb in Georgia.
When estimating your budget for college, don’t forget to consider the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for Covenant College.
What will the cost of attending Covenant College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
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The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
The majority of Covenant College undergrads use financial aid to finance their education. In 2023, 515 of the 872 undergrads enrolled received financial aid. Covenant College meets 80% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $33,686 a year. Around 53% of Covenant College undergrads take out student loans to cover any remaining costs. Covenant College graduates who have student loans graduate with an average of $24,742 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $23,007 |
State Loans | $7,950 |
Private Loans | $30,917 |
Most Common Loans for Covenant College Students | |
---|---|
Federal Loans | 53% |
State loans | 1% |
Private loans | 9% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Covenant College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Covenant College awarded 512 need-based scholarships to students, giving away total of $14.4 million to help students with financial need cover the cost of school. An additional $6.55 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Covenant College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Covenant College was $33,686 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Covenant College seem more manageable.
What will attending Covenant College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Covenant College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
For more information about Covenant College's endowment, check with the school directly.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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