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Winona Lake, Indiana

Grace College and Theological Seminary Tuition & Cost

How much does it cost to attend?

Sticker Price
$36,152
Costs for Grace College and Theological Seminary
Fee Cost
Tuition$23,170
Books and Supplies$1,000
Other Fees$0
Estimated Off Campus Cost of Living $8,782
Other Expenses Budget$3,200

Annual Prices

The annual list price to attend Grace College and Theological Seminary on a full time basis for 2017/2018 is $36,152 for all students regardless of their residency. This fee is comprised of $23,170 for tuition, $8,782 room and board, $1,000 for books and supplies and $0 for other fees. Out of state tuition for Grace College and Theological Seminary is $23,170, the same as Indiana residents.

All price data is sourced from the 2017/2018 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 Grace College and Theological Seminary when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$20,324
Net Price by Income Grace College and Theological Seminary
Family Income Net Price Paid
$0 to $30,000$16,015
$30,001 to $48,000$17,034
$48,001 to $75,000$20,743
$75,001 to $110,000$24,154
$110,000+$26,160

The average reported annual net price for Grace College and Theological Seminary for students receiving grants or scholarship aid was $20,324 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid Grace College and Theological Seminary
Type Avg./Student Students Receiving
Annual Total Grant Aid $13,531 100%
Pell Grant $4,007 36%
Federal Student Loan $6,519 70%

The average reported annual net price for Grace College and Theological Seminary for students receiving grants or scholarship aid was $20,324 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Grace College and Theological Seminary, we've modeled a ten year student loan with an original principal value of $67,060. The loan balance of $67,060 is a four year multiple of the $16,765 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 $700 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 4.7%.

Example Loan $67,060
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $700.18
Total Interest Paid $16,961.95
Sum of All Loan Payments $84,021.95

Projected 4 Year Degree Price

4 Year Sticker Price
$144,608
Year All Residents
1 $36,152
2 $38,683
3 $41,390
4 $44,288

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Grace College and Theological Seminary to be $144,608 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Grace College and Theological Seminary
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $852 $2,556 $3,408

Estimated cost for a class at Grace College and Theological Seminary 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 Grace College and Theological Seminary versus other colleges.

Tuition Payment Plans Available

Grace College and Theological Seminary Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=150677 IPEDS survey data for Grace College and Theological Seminary.