Grace College and Theological Seminary
Winona Lake, IN 46590-1274 — Private Nonprofit
Value Score: 65/100 | ROI Score: -64 | Affordability Score: 55/100
Tuition (In-State): $31,200 | Out-of-State: $31,200
Acceptance Rate: 82.2% | Graduation Rate: 69.4% | Retention Rate: 77.4%
Median Earnings (10yr): $45,411 | Median Debt: $19,500
SAT Average: 1119 | ACT Midpoint: 23
Student Body Size: 1,464 (small)
Pell Grant Recipients: 29.1% | Federal Loan Rate: 49.8%
Average Faculty Salary: $7,538/month
Tuition & Affordability Analysis
In-state tuition at Grace College and Theological Seminary is $31,200 per year, which is 21% below the national average for private institutions.
Out-of-state students pay $31,200/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: $124,800 (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 Grace College and Theological Seminary:
- Families earning $0–$30,000: $10,998/year
- Families earning $30,001–$48,000: $12,459/year
- Families earning $48,001–$75,000: $17,103/year
- Families earning $75,001–$110,000: $22,963/year
- Families earning $110,000+: $26,884/year
Low-income families receive an average discount of $20,202/year, paying just 35% of the sticker price.
Admissions Snapshot
Grace College and Theological Seminary has an acceptance rate of 82.2%, placing it in the Less Selective (70–85%) category. This means roughly 446 students apply each year.
Grace College and Theological Seminary 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 1119, 6% above the national average. This is within the mid-range nationally.
The ACT midpoint is 23, 10% above the national average.
Graduate Outcomes & Return on Investment
69.4% of students at Grace College and Theological Seminary complete their degree, 12% above the national average. This is a solid graduation rate.
First-year retention rate: 77.4% (4% below the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Grace College and Theological Seminary earn a median salary of $45,411 ten years after enrollment, 11% above the national average. This represents a $10,411/year earnings premium over the average high school diploma holder, or $312,330 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $19,500, 9% below the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $212/month, with a total repayment of $25,440 (including $5,940 in interest).
Debt-to-Earnings Ratio: 0.43x. 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 Grace College and Theological Seminary pays for itself in approximately 12 years. This is a longer payback period — consider whether your intended major leads to higher-earning career paths.
Financial Aid Profile
29.1% of students at Grace College and Theological Seminary receive Pell Grants (federal need-based aid for families earning under ~$60,000), 12% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
49.8% of students take federal loans, 6% above the national average. This is a moderate borrowing rate.
Average faculty salary: $7,538/month, 14% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Grace College and Theological Seminary enrolls 1,464 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 35/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 80%, Hispanic 8%, Black 3%, Asian 1%.
Grace College and Theological Seminary: A Strong Focus on Theology with Affordable Tuition
- Grace College: Is Faith-Based Education Worth the Investment?
- Winona Lake's Hidden Gem? Unpacking Grace College's Career Outcomes
- Beyond the Tuition: The Grace College Experience and Your Future
Report Card: Overall Grade C-
Grace College and Theological Seminary receives an overall grade of C- based on six dimensions:
- Academics: D+
- Value: F
- Outcomes: C+
- Affordability: B+
College Analysis
Grace College and Theological Seminary is a Private Nonprofit institution in Winona Lake, IN with approximately 1,464 students. Academics: Grace College and Theological Seminary has a strong focus on religious studies and theology, with a high graduation rate of 69.37%. Value: The median debt of $19,500 is relatively low compared to tuition, making it a more affordable option for students. Outcomes: Graduates have a median earning potential of $45,411 after 10 years, which is below the national average.
The Verdict: Is Grace College and Theological Seminary Worth It?
At $31,200 for tuition (both in-state and out-of-state), Grace College and Theological Seminary presents a significant financial commitment. With a median 10-year earning of $45,411 and a median debt of $19,500, the financial return on investment for the average graduate is challenging, as evidenced by its ROI Score of -64. This score strongly suggests that, for many, the financial benefits do not outweigh the costs over the long term, making it an **overpriced** option without substantial financial aid. To put it in perspective, a graduate with $19,500 in debt earning $45,411 annually would face a considerable portion of their early career income dedicated to loan repayment. While the median earnings are above the national average for all workers, they are modest for a college graduate, especially when considering the tuition cost. Without significant scholarships or grants that drastically reduce the sticker price, students could find themselves with a debt burden that takes many years to pay off, potentially hindering other financial goals. Therefore, Grace College is **not a good deal** for the average student paying full tuition. It could be a viable option, however, for students who receive substantial institutional aid, are committed to its specific Christian mission, or are pursuing fields with higher earning potential than the median. For most, a thorough cost-benefit analysis, heavily factoring in potential financial aid packages, is absolutely critical. **Recommendation: Proceed with caution and only if a generous financial aid package significantly reduces the net cost.**
Return on Investment
While the degree is affordable and offers a strong academic program, the lower median earnings 10 years after graduation may not justify the cost for some students.
Debt Reality Check
Median student debt at Grace College and Theological Seminary: $19,500. Monthly payment on a standard 10-year plan: $221/month. Total repaid: $26,520 ($7,020 in interest).
Breakeven vs high school diploma: 1.3 years. Debt burden: Manageable. Salary needed for comfortable repayment: $26,520.
Strengths
- Strong focus on religious and theological studies
- High graduation rate
- Affordable tuition and low median debt
Weaknesses
- Lower median earnings 10 years after graduation
- Predominantly white student body
- Limited diversity in student population
Academic Profile
SAT Average: 1119. ACT Midpoint: 23. Retention Rate: 77.4%.
Grace College offers a distinctive academic experience rooted in its Christian liberal arts tradition, emphasizing both intellectual rigor and spiritual formation. The college is particularly strong in programs that align with its mission, such as the School of Ministry Studies, which prepares students for various forms of Christian service, and the School of Arts and Sciences, offering robust majors in areas like Biblical Studies, Psychology, and English. Other highly regarded departments include the School of Business, known for its practical, ethics-driven approach to fields like Marketing, Management, and Accounting, and the School of Education, which consistently produces well-prepared teachers. The School of Nursing is also a standout, providing hands-on clinical experience and a strong foundation in healthcare within a faith-based framework.
Grace College prides itself on its accessible faculty and a student-faculty ratio that fosters personalized attention. While specific faculty salary data isn't available, the commitment to teaching excellence is evident in the close mentorship relationships students often develop with their professors. Undergraduate research opportunities are available, particularly in the sciences and humanities, allowing students to engage in meaningful scholarly work alongside faculty mentors. The college also offers an Honors Program for high-achieving students, providing enriched coursework, unique seminars, and opportunities for independent study and leadership development.
One of Grace's unique academic features is its 3-Year Bachelor's Degree Option, allowing motivated students to accelerate their studies and enter the workforce or graduate school sooner, potentially saving on tuition costs. This program is available across many majors and is a significant draw for ambitious students. Study abroad programs are encouraged, with opportunities ranging from short-term mission trips to semester-long experiences in various countries, integrating global perspectives with faith and learning. Academic support is comprehensive, including a Writing Center, peer tutoring, and dedicated academic advisors who guide students through their degree paths and career planning, ensuring students have the resources to succeed both inside and outside the classroom.
Financial Aid Guide for Grace College and Theological Seminary
Pell Grant recipients: 29.1%. Students taking federal loans: 49.8%.
Navigating financial aid at Grace College, with its $31,200 tuition, is a crucial step for most prospective students, and thankfully, the college is committed to making its education accessible. Grace offers a robust financial aid program that combines merit-based scholarships, need-based grants, federal and state aid, and work-study opportunities.
Merit-based aid is a significant component of Grace's financial assistance. Students with strong academic records (GPA, test scores if submitted) can expect to receive substantial scholarships. For example, a student with a 3.5+ GPA might qualify for scholarships ranging from $8,000 to $15,000 annually, significantly reducing the sticker price. These scholarships are often automatically considered upon admission, but some may require separate applications. There are also specific scholarships for leadership, fine arts, and specific academic programs.
Need-based aid is determined by the Free Application for Federal Student Aid (FAFSA). Grace uses FAFSA data to award institutional grants, which do not need to be repaid, as well as to determine eligibility for federal Pell Grants, Supplemental Educational Opportunity Grants (SEOG), and state grants for Indiana residents. A student from a family with an Adjusted Gross Income (AGI) of $60,000-$80,000 could potentially receive a package combining $5,000-$10,000 in institutional grants, plus federal and state grants if eligible, alongside federal student loans.
Federal student loans are a common part of aid packages, with the median debt for Grace graduates being $19,500. This suggests that while many receive grants, loans are often necessary to cover the remaining costs. Grace also participates in the Federal Work-Study program, allowing students to earn money for educational expenses through part-time jobs on campus, typically earning $2,000-$3,000 per academic year.
Scholarship tips: Apply early for admission to be considered for the widest range of merit scholarships. Complete your FAFSA as soon as possible after October 1st each year to maximize your eligibility for need-based aid. Also, actively seek external scholarships from local organizations, churches, and national foundations. While Grace's aid packages are generally competitive, negotiating aid is sometimes realistic, especially if you have received a more generous offer from a comparable institution. It's worth a polite inquiry to the financial aid office, highlighting any competing offers or significant changes in your family's financial situation.
Hidden Costs at Grace College and Theological Seminary
- Beyond tuition, students should budget approximately $1,200-$1,500 annually for textbooks and course materials, which can vary significantly by major.
- On-campus housing costs, separate from tuition, typically range from $4,500 to $6,500 per year depending on the dorm and room type.
- A standard meal plan for on-campus residents usually adds $4,000-$5,000 per year, covering most daily meals in the dining commons.
- Mandatory university fees, including technology, activity, and health service fees, can total around $800-$1,200 annually.
- Personal expenses for toiletries, entertainment, laundry, and incidentals should be estimated at $1,500-$2,000 per year.
- Students bringing a car to campus should anticipate a parking permit fee of approximately $150-$300 per year.
- Health insurance, if not covered by a family plan, can be an additional cost of $2,000-$3,000 annually for a student health plan.
Alumni Outcomes & Career Paths
Grace College and Theological Seminary, situated in Winona Lake, IN, prepares its graduates for a diverse range of careers, often with a strong emphasis on service, education, and business leadership rooted in ethical principles. While specific, publicly available data on major employers is limited for a school of its size, alumni commonly find opportunities within Northern Indiana and the broader Midwest. Key industries where Grace College alumni cluster include K-12 education, healthcare, non-profit organizations, ministry, and regional business sectors, particularly manufacturing and financial services.
For instance, graduates in Education often secure positions in local school districts such such as Warsaw Community Schools, Tippecanoe Valley School Corporation, and Fort Wayne Community Schools. Healthcare majors, especially those in nursing or allied health, are frequently recruited by regional systems like Parkview Health, Lutheran Health Network, and Goshen Health. Given Warsaw's status as the 'Orthopedic Capital of the World,' students in business, engineering, or health sciences may find internships and entry-level roles at major orthopedic companies like Zimmer Biomet, DePuy Synthes (Johnson & Johnson), and Stryker, though direct recruitment pipelines might require proactive student engagement.
Grace College's Center for Career Development plays a crucial role in connecting students with opportunities. They facilitate resume workshops, career fairs, and networking events, often leveraging a strong alumni network within the region. Internship pipelines are robust in areas like education, local businesses, and non-profits, providing practical experience. Many students also engage in mission-oriented internships or service-learning projects, reflecting the college's Christian mission.
Graduate school placement rates are respectable, with a significant number of alumni pursuing advanced degrees in fields such as education, counseling, theology (often at Grace Theological Seminary itself or other evangelical seminaries), and business (MBA programs). Notable alumni, while not widely publicized, often include leaders in ministry, education, and community development within Indiana and beyond. Geographically, the majority of graduates tend to remain in Indiana, particularly the northern and central parts of the state, with others dispersing to neighboring states like Ohio, Michigan, and Illinois, or pursuing mission work globally.
Campus Life & Culture at Grace College and Theological Seminary
Grace College attracts a student body primarily from Indiana and the surrounding Midwest, though its strong theological and specialized programs draw students nationally. The community is predominantly Christian, fostering a close-knit environment where students seeking a faith-integrated education and a supportive, intimate campus experience truly thrive. While diversity is growing, the student body largely reflects a shared commitment to Christian values and community engagement.
Life at Grace College is deeply intertwined with its Christian mission and the picturesque setting of Winona Lake, Indiana. The campus itself is the vibrant hub of social activity, fostering a close-knit, family-like atmosphere among its 1,464 students. The 'vibe' is distinctly community-oriented, supportive, and faith-centered, where students often form strong bonds through shared spiritual journeys and academic pursuits.
Housing is a cornerstone of the Grace experience, particularly for freshmen and sophomores who are typically required to live on campus. Residence halls like Beta, Gamma, and Westminster provide traditional dorm living, fostering camaraderie through floor events, study groups, and late-night conversations. These spaces are more than just rooms; they are communities where students grow together. Dining options are primarily centered around the Alpha Dining Commons, offering a variety of meal choices, and perhaps a campus cafe like the Lancer Coffee Co. for quick bites and study fuel.
Social life at Grace is robust but often different from larger secular universities. Traditional Greek life is not present; instead, students engage in a wide array of student organizations, many with a service, academic, or faith-based focus. You'll find groups like Campus Ministries, student government, various academic clubs, and intramural sports that provide ample opportunities for involvement. Weekend activities often include campus-sponsored events such as concerts, movie nights, worship services, and outdoor adventures, especially those leveraging the beautiful Winona Lake. Students frequently enjoy kayaking, paddleboarding, or simply relaxing by the water.
Athletics play a significant role in campus spirit, with the Grace Lancers competing in the NAIA Crossroads League. Basketball, soccer, and track and field are particularly popular, drawing enthusiastic crowds to the Manahan Orthopaedic Capital Center. Game nights are a major social event, uniting students, faculty, and local community members. Beyond organized sports, the campus features excellent recreational facilities, including a fitness center and various courts. The town of Winona Lake itself, with its charming village shops, cafes, and walking trails, extends the campus experience, offering a quaint backdrop for student life and a sense of belonging that defines the Grace College community.
Campus Highlights
- The picturesque setting on Winona Lake, offering direct access to water sports, scenic trails, and a charming lakeside village.
- A strong, supportive Christian community where faith is integrated into academics and campus life, fostering deep relationships.
- The unique 3-Year Bachelor's Degree Option, allowing motivated students to accelerate their education and career path.
- The Manahan Orthopaedic Capital Center, a state-of-the-art athletic facility that serves as a hub for Lancer sports and campus events.
- A commitment to practical, hands-on learning, particularly evident in programs like Business, Nursing, and Education.
- The annual 'Lancer Day of Service,' a tradition where the entire campus community volunteers in the local Winona Lake area.
- Small class sizes and accessible faculty, ensuring personalized attention and strong mentorship opportunities for students.
Location & Regional Advantages
Grace College's location in Winona Lake, Indiana, offers a unique blend of small-town charm and strategic proximity to regional economic hubs, significantly influencing post-graduation career opportunities. Winona Lake itself is a picturesque, safe community with a low cost of living, providing an affordable and high-quality student experience. The local job market is primarily driven by the surrounding Kosciusko County, which is notably home to Warsaw, often dubbed the 'Orthopedic Capital of the World.' This means a significant presence of global medical device manufacturers like Zimmer Biomet, DePuy Synthes, and Stryker, offering specialized opportunities in engineering, business, healthcare administration, and supply chain management for Grace College graduates.
Beyond orthopedics, the region boasts a strong agricultural sector, manufacturing, and a growing service industry. Fort Wayne, Indiana's second-largest city, is just an hour's drive away, serving as a major regional hub for healthcare, finance, and technology, expanding the job market significantly. Indianapolis, the state capital, is also accessible within a two-hour drive, offering even broader career prospects in diverse industries.
The quality of life in Winona Lake is high, characterized by a close-knit community, abundant outdoor recreational activities around the lake, and a peaceful environment. The weather features four distinct seasons, from warm summers to snowy winters, appealing to those who appreciate seasonal changes. The low crime rate contributes to a very safe campus and community environment. While the immediate Winona Lake area might not offer the sheer volume of entry-level jobs found in a major metropolis, its strategic location near specialized industry clusters and larger regional cities provides targeted career pathways, especially for students who leverage internships and networking within these specific sectors. The lower cost of living also means graduates can stretch their initial earnings further, a significant advantage for new professionals.
How to Get Into Grace College and Theological Seminary
Given Grace College's admission rate of 82.2%, the admissions process is less about extreme selectivity and more about finding students who are a strong 'fit' for its faith-integrated community and academic mission. While strong academics are always valued, Grace places significant emphasis on a holistic review of your application.
What the Admissions Office Values: They are looking for students who demonstrate a genuine interest in a Christian liberal arts education and who will contribute positively to the campus community. Your high school transcript, showcasing a solid GPA (ideally 3.0 or higher on a 4.0 scale) and a challenging curriculum, is crucial. While SAT/ACT scores are not provided, submitting competitive scores (if you choose to) can strengthen your application, but they are not the sole determinant. More importantly, Grace wants to see evidence of character, leadership, and a commitment to service.
Demonstrated Interest: This is highly important for Grace. Visiting campus, attending virtual information sessions, connecting with an admissions counselor, and engaging with the college's social media can all signal your genuine interest. Early Action (EA) is often available and highly recommended, as it demonstrates your enthusiasm and provides an earlier admission decision without a binding commitment. Grace does not typically offer Early Decision (ED).
Essay Topics: Your personal essay is an excellent opportunity to articulate your values, your faith journey (if applicable), and why Grace College specifically aligns with your academic and personal goals. Avoid generic essays; instead, share specific examples of how you've lived out your values, overcome challenges, or contributed to your community. Connect your aspirations directly to Grace's mission and programs.
Timeline Recommendations: Aim to submit your application by November 1st for Early Action consideration. This gives you the best chance for scholarship consideration and an early decision. The regular decision deadline is typically in the spring, but applying earlier is always advantageous. Ensure all supporting documents, including transcripts and letters of recommendation (especially from a teacher or mentor who can speak to your character), are submitted promptly. Focus on presenting a well-rounded profile that highlights your academic readiness and your potential to thrive in Grace's unique environment.
How Grace College and Theological Seminary Compares to Similar Schools
Similar schools: Taylor University, Huntington University, Anderson University (IN), Indiana Wesleyan University
Advantages
- Strong, close-knit Christian community and spiritual formation focus.
- Personalized attention due to smaller student body size (1,464 students).
- Location in a safe, picturesque small town (Winona Lake) with unique local industry connections (orthopedics in Warsaw).
- Integrated theological seminary provides unique dual-degree or ministry-focused opportunities.
Disadvantages
- Higher tuition cost compared to some public alternatives or even some private peers offering more robust financial aid.
- Median graduate earnings are lower than some peer institutions or larger universities, impacting ROI.
- Limited big-city amenities and diverse cultural experiences compared to schools in larger metropolitan areas.
Best For
- Students interested in careers that require a high earning potential may want to consider other institutions.
- Prospective students should consider the lower median earnings 10 years after graduation.
- Students looking for a diverse student body may find the predominantly white student population limiting.
Avoid If
- Students seeking a career in religious or theological fields should consider other institutions with higher median earnings.
- Prospective students with a focus on earning potential may want to explore other options.
Frequently Asked Questions about Grace College and Theological Seminary
How much does it cost to attend Grace College and Theological Seminary?
In-state tuition at Grace College and Theological Seminary is $31,200 per year, and out-of-state tuition is $31,200 per year. The median student debt at graduation is $19,500.
What is the acceptance rate at Grace College and Theological Seminary?
Grace College and Theological Seminary has an acceptance rate of 82.2%.
What is the graduation rate at Grace College and Theological Seminary?
Grace College and Theological Seminary has a graduation rate of 69.4%.
How much do Grace College and Theological Seminary graduates earn?
The median earnings for Grace College and Theological Seminary graduates 10 years after enrollment is $45,411. With median debt of $19,500, graduates earn roughly 2.3x their debt level annually.
How big is Grace College and Theological Seminary?
Grace College and Theological Seminary has approximately 1,464 students and is classified as a small institution. It is located in Winona Lake, IN and is a Private Nonprofit institution.
Is Grace College and Theological Seminary worth the cost?
Grace College and Theological Seminary has an ROI score of -64 out of 100. With in-state tuition of $31,200 per year and median post-graduation earnings of $45,411, the data suggests the return on investment may be below average.
Where is Grace College and Theological Seminary located?
Grace College and Theological Seminary is located in Winona Lake, IN. It is a Private Nonprofit institution with approximately 1,464 students.
How much student debt do Grace College and Theological Seminary graduates have?
The median student debt for Grace College and Theological Seminary graduates is $19,500. With median earnings of $45,411 ten years after enrollment, graduates can expect a debt-to-income ratio of 43%.
Is Grace College and Theological Seminary a good college?
Grace College and Theological Seminary has a graduation rate of 69.4% and median post-graduation earnings of $45,411. High admission rate of 82.15% indicating a relatively easy admission process.
How does Grace College and Theological Seminary compare to similar colleges?
Predominantly white student body with a small percentage of Asian students. Compared to peer institutions, Grace College and Theological Seminary offers a more affordable education with lower median debt, but graduates earn less than the national average.
What career prospects do Grace College and Theological Seminary graduates have?
Graduates of Grace College and Theological Seminary are well-prepared for careers in religious and theological fields, as well as related non-profit sectors.
What should prospective students know about Grace College and Theological Seminary?
Grace College and Theological Seminary is positioned in a competitive market for religious and theological education, offering a strong academic program at a lower cost.
What makes Grace College and Theological Seminary stand out?
Graduation rate is above the national average for small private colleges.
What are the pros and cons of attending Grace College and Theological Seminary?
Median earnings 10 years after graduation are below the national average.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.