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#5 Best Private Colleges in Georgia

Covenant College Tuition & Cost

Lookout Mountain, Georgia

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How much does it cost to attend?

Sticker Price
$49,420
Costs for Covenant College
Fee Cost
Tuition$34,660
Books and Supplies$1,170
Other Fees$980
Room and Board $10,660
Other Expenses Budget$1,950

Annual Prices

The annual list price to attend Covenant College on a full time basis for 2018/2019 is $49,420 for all students regardless of their residency. This fee is comprised of $34,660 for tuition, $10,660 room and board, $1,170 for books and supplies and $980 for other fees. Out of state tuition for Covenant College is $34,660, the same as Georgia residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Covenant College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$24,619
Net Price by Income Covenant College
Family Income Net Price Paid
$0 to $30,000$17,334
$30,001 to $48,000$23,654
$48,001 to $75,000$21,402
$75,001 to $110,000$23,032
$110,000+$26,868

The average reported annual net price for Covenant College for students receiving grants or scholarship aid was $24,619 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Costs for Similar Colleges

Financial Aid

99% of full-time undergrad Covenant College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $22,677 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 51% of students received Federal Student Loans averaging $5,237 and 6% of undergrads took out private student loans averaging $10,348.

Finanical Aid Covenant College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $22,677 99%
Institutional Grants and Scholarships $20,866 97%
Pell Grants $3,771 26%
Other Federal Grants $1,929 6%
State and Local Grants $4,583 24%
Federal Student Loans $5,237 51%
Other Student Loans $10,348 6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Covenant College, we've modeled a ten year student loan with an original principal value of $84,448. The loan balance of $84,448 is a four year multiple of the $21,112 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $806 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $84,448
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $805.73
Total Interest Paid $12,239.25
Sum of All Loan Payments $96,687.25

Projected 4 Year Degree Price

4 Year Sticker Price
$197,680
Year All Residents
1 $49,420
2 $51,228
3 $53,102
4 $55,045

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Covenant College to be $197,680 - assuming graduation in normal time. The estimation assumes a 3.7% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Covenant College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,490 $4,470 $5,960

Estimated cost for a class at Covenant College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Covenant College versus other colleges.

Tuition Payment Plans Available

Covenant College Payment Plans
Tuition Payment Plan No
Prepaid Tuition Plan No
Alternative Tuition Plan No
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=139393 IPEDS survey data for Covenant College.