Grace College

In 2022, tuition for full-time students at Grace College was $24,144 a year.

Tuition increased 3.6% in 2023–from $23,304 the previous year. Usually, college tuition rises about 3% year.

Remember, the displayed price of tuition does not mean much if you plan to use financial aid to help pay for college. Many students owe way less than the total tuition after grants, scholarships, and tuition discounts kick in. And, student loans can make the amount you do have to pay for college more manageable until after graduation.

First-year students that attend Grace College full-time are awarded $19,833 a year in financial aid, on average.

Does Grace College Offer In-State and Out-of-State Tuition?

Grace College is a private, religious institution, which means it has the same tuition for residents of Indiana as it does for students who live in other states.

Public colleges and universities receive funding from the state government. Public insitutions often offer reduced tuition for students who are residents of that state.

Choosing a school where you are eligible for in-state tuition can drastically reduce the overall cost of college. Don't forget to confirm your state's rules for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. 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 as well, depending on where you live.

Explore other Indiana colleges

Grace College International Student Tuition

Grace 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 loans or grants from the U.S. government, but should research private or Grace College-specific grants, scholarships, and other funding opportunities. International students with need may qualify for the following types of financial support at Grace College:

•Grace College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

---

Grace College Housing Expenses, Fees, and More

---

Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Grace College.

Room and Board Costs at Grace College

Housing and campus dining at Grace College costs $9,976 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat all or some of your meals the school dining halls.

Board costs may vary depending on the number of meals you intend to eat on-campus

How Much Do Books Cost at Grace College?

The cost of books often surprises first-year college students. 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 books from students who have already taken the course.

Yearly Fees

Most schools charge some yearly 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 joining a fraternity or sorority, or playing on an intramural sports team. Many schools have ways for students who may struggle to participate because of cost can get help covering these costs.

Transportation costs

The total cost of transportation 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 will you need to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your transportation budget. At Grace College, freshman are allowed to park on campus.

A school's location can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city is usually costly, but there may be more buses, trains and low-cost flight options to actually get to school. The Grace College campus is located in a town in Indiana.

Other Costs

When estimating your budget for college, be sure to leave some room in your budget for personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

---

The Full Cost of Attending Grace College

---

Now, let’s do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending Grace College.

How Much Does Grace College Cost?

What will the cost of attending Grace College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$24,144
Room and Board	$9,976
Other expenses	$1,000

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$37,020
Off-Campus	$29,244

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

---

Grace College Financial Aid

---

The majority of Grace College undergrads use financial aid to to cover the cost of tuition. In 2023, 1,191 of the 1,587 undergrads enrolled received financial aid.

The average financial aid package for a full-time, first-year student is around $19,833 a year.

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 Grace College financial aid, keep reading, or visit their financial aid website.

Scholarships at Grace College

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, Grace College awarded 1,191 need-based scholarships to students, giving away total of $14.2 million to help students with financial need cover the cost of school. An additional $4.3 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Grace College Net Cost

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 Grace 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 Grace College was $19,833 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Grace College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$17,187
Off-Campus	$9,411

What will attending Grace 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 Grace College's net cost calculator on their website.

Grace College Tuition Payment Plans

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.

Grace College Tuition Waivers

Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , 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.

Grace College's Endowment

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.

As of 2022, the total market value of Grace College's endowment was $12.3 million. The average college endowment was $905 million in 2021.

---

Learn More About Grace College

---

Choose one of the options below to find out more about about Grace College:

Overview

Student Life

Academics

Admissions

Visit the College Confidential forums to join the conversation about Grace College