Grace College
and Theological Seminary
Private College in Winona Lake, IN. Six-year graduation rate 69%. Median 10-year earnings $45,411.
Ten years after entry, the median Grace College and Theological Seminary student earns $45,411 — a solidly middle-of-the-pack result for an undergraduate institution. Completion is a strength: 69% of students finish within six years. Graduates carry a median of $19,500 in debt — in line with the national norm.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
82% of applicants get in, so the odds favor most reasonably prepared students. 4,643 applications came in, enough to make the rates below reasonably stable year to year. Yield is low at 11%, so most admitted students do not end up enrolling. Read the score bands below as the middle 50% of submitted scores, not a threshold to clear.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 510–610 | 404 (96%) |
| SAT Math | 490–590 | |
| ACT Composite | 21–27 | 162 (39%) |
IPEDS Admissions · 2024
Apply at Grace College and Theological Seminary →Academics
Six-year completion runs to 69% — students who start here overwhelmingly finish here. 77% of full-time first-years come back for year two, so about one in four are gone before sophomore year. At 23:1, instructor access is thin — worth probing on a campus visit. Judge these figures against other institutions of the same type — sector explains more of the variation in completion than any single campus factor. This is a small school — 1,817 undergraduates — so cohorts are tight and the program list is necessarily short.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 1,511 degree- or certificate-seeking undergraduates
Students pay an average of $21,065 annually once grants are applied. The income table below is the number that matters — $10,998 at $0–30k versus $26,884 at $110k+. Most students get help: 93% receive grants worth $19,509 on average. 58% of students borrow federally, so debt is the norm rather than the exception.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 411 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $10,998 |
| $30–48k | $12,459 |
| $48–75k | $17,103 |
| $75–110k | $22,963 |
| $110k+ | $26,884 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 880 of these 1,511 students, totalling $5,496,780 — an average of $6,246 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Kosciusko County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)