Covenant College

What the IPEDS & College Scorecard Data Shows for Covenant College

Covenant College operates as a private nonprofit institution located in Lookout Mountain, Georgia (suburb: large), with a total reported enrollment of 939 students of which 986 are undergraduates. Institution-level records in the Integrated Postsecondary Education Data System (IPEDS) classify each school by Carnegie category, ownership sector, and urban/rural locale, which is how this profile’s peer group and cost cohort are determined. Covenant College is categorized as “21” under the Carnegie classification system, a meaningful signal when comparing like-to-like institutions.

Selectivity and financial signals give context to what applicants can expect. The reported admission rate is 86.5%, drawn from the most recent IPEDS Fall enrollment survey, with an average SAT of 1,294 and an ACT midpoint of 26. The average net price after grants and scholarships is $26,265, with published in-state tuition of $42,040 and a Pell grant recipient share of 19.1%. Median federal student debt at graduation is $22,500, drawn from the U.S. Treasury-matched College Scorecard file.

Outcomes reveal whether the investment pays back. The 4-year completion rate is 71.7%, and the first-year retention rate is 88.2%. Graduates earn a median of $50,412 ten years after enrolling, compared with $39,570 six years post-enrollment. Within three years of entering repayment, 48100.0% of borrowers are making progress on their federal loans, and 66.4% of graduates earn above the high-school threshold. Treating these numbers as a single snapshot alongside the cost cohort is the standard approach for evaluating ROI under the College Scorecard methodology.