Goshen College
Goshen, IN 46526-4794 — Private Nonprofit
Value Score: 70/100 | ROI Score: -67 | Affordability Score: 55/100
Tuition (In-State): $38,890 | Out-of-State: $38,890
Acceptance Rate: 84.1% | Graduation Rate: 62.6% | Retention Rate: 80.1%
Median Earnings (10yr): $51,943 | Median Debt: $22,974
SAT Average: 950 | ACT Midpoint: 27
Student Body Size: 773 (small)
Pell Grant Recipients: 35.8% | Federal Loan Rate: 47.5%
Average Faculty Salary: $6,513/month
Tuition & Affordability Analysis
In-state tuition at Goshen College is $38,890 per year, which is near the national average for private institutions.
Out-of-state students pay $38,890/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $155,560 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Goshen College:
- Families earning $0–$30,000: $12,761/year
- Families earning $30,001–$48,000: $6,947/year
- Families earning $48,001–$75,000: $15,163/year
- Families earning $75,001–$110,000: $17,413/year
- Families earning $110,000+: $19,447/year
Low-income families receive an average discount of $26,129/year, paying just 33% of the sticker price.
Admissions Snapshot
Goshen College has an acceptance rate of 84.1%, placing it in the Less Selective (70–85%) category. This means roughly 230 students apply each year.
Goshen College accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.
The average SAT score of admitted students is 950, 10% below the national average. Test scores are one factor among many in the admissions process.
The ACT midpoint is 27, 29% above the national average.
Graduate Outcomes & Return on Investment
62.6% of students at Goshen College complete their degree, near the national average. This is a solid graduation rate.
First-year retention rate: 80.1% (near the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Goshen College earn a median salary of $51,943 ten years after enrollment, 27% above the national average. This represents a $16,943/year earnings premium over the average high school diploma holder, or $508,290 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $22,974, 7% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $249/month, with a total repayment of $29,880 (including $6,906 in interest).
Debt-to-Earnings Ratio: 0.44x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Goshen College pays for itself in approximately 10 years. This is a reasonable investment timeline.
Financial Aid Profile
35.8% of students at Goshen College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 9% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.
47.5% of students take federal loans, near the national average. This is a moderate borrowing rate.
Average faculty salary: $6,513/month, 25% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Goshen College enrolls 773 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.
Diversity Index: 73/100 (higher = more diverse). Goshen College has a highly diverse student body with strong representation across multiple racial and ethnic groups.
Student body composition: White 44%, Hispanic 27%, Black 6%, Asian 2%.
Goshen College: A Small Private Institution with Strong Academic Focus and Affordability
- Goshen College: A Mission-Driven Education with a Midwestern Heart
- Beyond the Classroom: Exploring Career Paths for Goshen College Graduates
- Is Goshen College Worth the Investment? A Deep Dive into ROI and Outcomes
Report Card: Overall Grade D+
Goshen College receives an overall grade of D+ based on six dimensions:
- Academics: D+
- Value: F
- Outcomes: C+
- Affordability: C+
College Analysis
Goshen College is a Private Nonprofit institution in Goshen, IN with approximately 773 students. Goshen College has a strong focus on liberal arts and sciences, with a high graduation rate. The college offers a relatively low tuition compared to its peers, making it more affordable. Graduates have a median earning potential of $51,943 after 10 years, indicating a decent return on investment.
The Verdict: Is Goshen College Worth It?
Goshen College presents a complex value proposition. With an in-state and out-of-state tuition of $38,890 and median 10-year earnings of $51,943, the immediate post-graduation financial picture is tight. The median debt of $22,974, while not excessively high, combined with the earnings, suggests a debt payoff timeline that could extend beyond the typical 5-7 years for many graduates. The ROI score of -67 is a significant red flag, indicating that, on average, graduates do not recoup their investment within a reasonable timeframe based on median earnings. While the college offers a strong sense of community and a mission-driven education, the financial return on investment is a concern. It's not a clear 'bad deal,' but it's certainly not a 'hidden gem' from a purely financial perspective. Graduates seeking high earning potential might find better financial outcomes elsewhere. However, for students prioritizing a specific educational philosophy and community, the value might extend beyond purely financial metrics. Recommendation: Consider Goshen College if its unique mission and community align perfectly with your goals, but be acutely aware of the financial implications and explore all scholarship and aid options to mitigate debt.
Return on Investment
While the degree is worth the cost given the high graduation rate and strong academic focus, the lower median earnings may impact ROI for some students.
Debt Reality Check
Median student debt at Goshen College: $22,974. Monthly payment on a standard 10-year plan: $261/month. Total repaid: $31,320 ($8,346 in interest).
Breakeven vs high school diploma: 1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $31,320.
Strengths
- Strong focus on liberal arts and sciences
- High graduation rate
- Affordable tuition
Weaknesses
- Lower median earnings compared to some peers
- Limited diversity in student body
Academic Profile
SAT Average: 950. ACT Midpoint: 27. Retention Rate: 80.1%.
Goshen College's academic profile is characterized by a strong commitment to liberal arts education, interdisciplinary learning, and a distinctive global perspective. The college excels in programs that align with its Mennonite heritage, such as Peace, Justice, and Conflict Studies, and its robust Nursing program is highly regarded, preparing students for impactful careers. The Biology and Environmental Science departments benefit immensely from the on-campus Merry Lea Environmental Learning Center, offering unparalleled hands-on research and field study opportunities. With a small student-to-faculty ratio (though not explicitly provided, inferred from the small student body), students can expect personalized attention and close mentorship from faculty who are dedicated to teaching and research. The average monthly faculty salary, while not provided, is likely competitive within the private liberal arts college sector, suggesting a commitment to attracting quality educators. Goshen's signature Study-Service Term (SST) is a cornerstone of its academic experience, sending students abroad for a semester of immersive cultural learning and service, often in non-English speaking countries. This program is a significant differentiator, offering a transformative educational journey. Academic support is robust, with resources like tutoring centers and writing support readily available to ensure student success.
Financial Aid Guide for Goshen College
Pell Grant recipients: 35.8%. Students taking federal loans: 47.5%.
Goshen College aims to make its distinctive educational experience accessible through a combination of merit-based and need-based financial aid. For the incoming class, prospective students should be aware that tuition and fees stand at $38,890. Goshen offers a range of scholarships, including academic scholarships for strong GPAs and test scores (though specific ranges are not provided, a competitive academic profile is key), as well as scholarships tied to specific talents or interests. Merit aid is a significant component, and students are automatically considered for many scholarships upon admission. Need-based aid is also crucial, and families are strongly encouraged to complete the FAFSA (Free Application for Federal Student Aid) and potentially the CSS Profile to determine eligibility for federal grants, state grants, and institutional aid. Work-study opportunities are available, providing students with on-campus employment to help offset costs. Typical aid packages can vary widely based on family income and academic merit. For families with an Expected Family Contribution (EFC) of, say, $10,000, a combination of federal Pell Grants, state aid, and institutional scholarships and grants might cover a substantial portion of the tuition. For families with higher incomes but strong academic profiles, merit scholarships could significantly reduce the sticker price. Negotiating aid at Goshen is generally less common than at larger, more research-intensive universities, as their aid philosophy is often tied to established criteria for merit and need. However, presenting a compelling case with updated financial information or unique circumstances can sometimes lead to a review.
Hidden Costs at Goshen College
- Room and board costs can range from approximately $10,000 to $13,000 per academic year, depending on the chosen meal plan and housing assignment.
- Textbooks and course materials can add an estimated $1,000 to $1,500 annually.
- Student activity fees, technology fees, and other miscellaneous campus fees can total around $500 to $800 per year.
- Transportation costs, especially for students traveling home or for personal trips, can vary significantly but budget at least $500-$1,000 annually.
- Personal expenses, including toiletries, laundry, entertainment, and snacks, can easily amount to $1,500 to $2,500 per year.
- Optional health insurance for students not covered by a parent's plan can cost upwards of $2,000 annually.
Alumni Outcomes & Career Paths
Goshen College, a private liberal arts institution in Indiana, cultivates a strong sense of community that often translates into dedicated alumni networks. While specific major employer recruitment data for Goshen College is not publicly detailed, its graduates tend to find opportunities within regional healthcare systems, educational institutions, and manufacturing firms prevalent in the Midwest. Industries where alumni cluster often include healthcare (nursing, therapy), education (K-12 and higher ed), social services, and business administration. The college emphasizes practical experience, with internship pipelines often feeding into local and regional organizations. Notable alumni include individuals who have made significant contributions in fields like peacebuilding, education, and healthcare, reflecting the college's Anabaptist heritage. For instance, alumni might be found in leadership roles at organizations like Mennonite Mission Network or within the broader non-profit sector. Graduate school placement rates are generally solid, with students pursuing advanced degrees in fields such as counseling, theology, and specialized healthcare professions. Career services at Goshen College are known for their personalized approach, helping students leverage their network and develop job-seeking skills. Geographic hiring patterns show a strong tendency for graduates to remain in Indiana and surrounding Midwestern states, though opportunities exist nationwide, particularly in sectors aligned with the college's mission.
Campus Life & Culture at Goshen College
Goshen College attracts a student body that is intellectually curious, service-oriented, and values a global perspective. The student body is diverse in terms of thought and background, with a significant portion coming from Mennonite and Anabaptist traditions, alongside students from various other faith backgrounds and secular perspectives. Students who thrive here are typically those who seek a supportive, community-driven environment where they can engage deeply with their studies, explore their values, and prepare for lives of meaningful contribution.
Goshen College offers a close-knit, community-focused campus experience, deeply rooted in its Mennonite heritage and a strong emphasis on service and global awareness. The 'vibe' is often described as welcoming, intentional, and academically engaged, with a palpable sense of shared purpose. With only around 773 students, you'll quickly get to know your peers and professors. The campus itself is known for its beautiful, park-like setting, featuring the serene Merry Lea Environmental Learning Center, which serves as an outdoor classroom and a popular spot for relaxation and reflection. Student organizations are vibrant and diverse, ranging from academic clubs and cultural groups to a strong focus on social justice and peace initiatives. While there isn't a traditional Greek life system, the sense of community is fostered through residence halls, small class sizes, and numerous campus-wide events. Housing is primarily on-campus, with a variety of dorms and apartment-style options, encouraging students to live and learn together. Dining services are centralized, offering a communal experience in the Union. Athletics are a part of campus life, with the Maple Leafs competing in the NAIA, fostering school spirit and providing opportunities for student-athletes. Expect a culture that values thoughtful dialogue, mutual respect, and a commitment to making a positive impact on the world.
Campus Highlights
- The Study-Service Term (SST) program, offering immersive global learning and service experiences.
- Merry Lea Environmental Learning Center, a unique on-campus nature preserve for research and recreation.
- A strong emphasis on peace, justice, and conflict resolution studies, reflecting Mennonite heritage.
- A close-knit community with a high level of student-faculty interaction.
- A commitment to sustainability and environmental stewardship integrated into campus life.
- A vibrant arts and music scene, including a renowned choral program.
- A welcoming and inclusive environment that values diverse perspectives.
Location & Regional Advantages
Goshen College's location in Goshen, Indiana, places it within the heart of the Midwest, offering a blend of community charm and access to broader economic activity. The local job market in Elkhart County and the surrounding Michiana region is characterized by a strong manufacturing base (RV industry, recreational vehicles) and a growing healthcare sector. While not a major metropolitan hub, Goshen offers a lower cost of living compared to national averages, making the overall financial burden of attending and living post-graduation more manageable. Proximity to larger cities like South Bend (approx. 30 miles) and Chicago (approx. 2 hours) provides access to more diverse job markets and industry hubs, particularly in manufacturing, healthcare, and technology. The quality of life in Goshen is often described as peaceful and community-oriented, with a focus on family and outdoor activities. The weather is typical of the Midwest, with distinct seasons including cold winters and warm summers. Safety is generally high in Goshen, contributing to a secure environment for students and graduates. This location fosters strong regional connections for internships and employment, particularly within industries that value the college's mission and the work ethic of its graduates.
How to Get Into Goshen College
Applying to Goshen College involves showcasing your alignment with its values and academic rigor. Given the 84.1% admission rate, Goshen is accessible, but a thoughtful application is still key. The admissions office looks for students who are not only academically prepared but also demonstrate a commitment to community, service, and global engagement – hallmarks of the Goshen experience. While Early Decision (ED) and Early Action (EA) options are available, their impact on admission decisions is likely moderate rather than a significant advantage, given the selectivity. Focus on crafting an essay that highlights your personal growth, your desire to contribute to a diverse community, or your passion for service. If you have a strong GPA and have taken challenging courses, emphasize that. While SAT/ACT scores are not provided, if you have strong scores, submitting them can bolster your application. If not, your GPA, essay, and letters of recommendation will carry more weight. Demonstrated interest can be shown through campus visits (virtual or in-person), attending information sessions, and engaging with admissions counselors. The ideal timeline is to have your application completed by late fall or early winter of your senior year to ensure consideration for all scholarships and aid.
How Goshen College Compares to Similar Schools
Similar schools: Taylor University, Bethel College (IN), Manchester University, Indiana Wesleyan University
Advantages
- Strong Anabaptist/Mennonite heritage and mission-driven education
- Smaller class sizes and more personalized attention
- Emphasis on global service and peacebuilding programs
Disadvantages
- Lower median graduate earnings compared to some peers
- Less diverse geographic placement of alumni
- Lower graduation rate compared to some competitors
Best For
- Students seeking highly specialized technical training may find Goshen College less suitable.
- Prospective students from high-income backgrounds may not see the same value due to lower median earnings.
Avoid If
- Students looking for a highly specialized technical education may want to consider other institutions.
- Prospective students with high earning potential goals may find other options more advantageous.
Frequently Asked Questions about Goshen College
How much does it cost to attend Goshen College?
In-state tuition at Goshen College is $38,890 per year, and out-of-state tuition is $38,890 per year. The median student debt at graduation is $22,974.
What is the acceptance rate at Goshen College?
Goshen College has an acceptance rate of 84.1%.
What is the graduation rate at Goshen College?
Goshen College has a graduation rate of 62.6%.
How much do Goshen College graduates earn?
The median earnings for Goshen College graduates 10 years after enrollment is $51,943. With median debt of $22,974, graduates earn roughly 2.3x their debt level annually.
How big is Goshen College?
Goshen College has approximately 773 students and is classified as a small institution. It is located in Goshen, IN and is a Private Nonprofit institution.
Is Goshen College worth the cost?
Goshen College has an ROI score of -67 out of 100. With in-state tuition of $38,890 per year and median post-graduation earnings of $51,943, the data suggests the return on investment may be below average.
Where is Goshen College located?
Goshen College is located in Goshen, IN. It is a Private Nonprofit institution with approximately 773 students.
How much student debt do Goshen College graduates have?
The median student debt for Goshen College graduates is $22,974. With median earnings of $51,943 ten years after enrollment, graduates can expect a debt-to-income ratio of 44%.
Is Goshen College a good college?
Goshen College has a graduation rate of 62.6% and median post-graduation earnings of $51,943. High graduation rate of 62.65%
How does Goshen College compare to similar colleges?
Low tuition rates for both in-state and out-of-state students Compared to peer institutions, Goshen College offers a more affordable education with a strong focus on liberal arts and sciences, but graduates earn slightly less than the national average.
What career prospects do Goshen College graduates have?
Graduates of Goshen College are well-prepared for careers in various fields, particularly those that value a strong liberal arts education.
What should prospective students know about Goshen College?
Goshen College is positioned as a value-oriented institution that provides a high-quality education at a lower cost than many of its peers.
What makes Goshen College stand out?
Strong focus on liberal arts and sciences
What are the pros and cons of attending Goshen College?
Median earnings of $51,943 after 10 years
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.