Grace College and Theological Seminary

www.grace.edu

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2023 Undergraduate Tuition

$27,992

2.75% growth from 2022

2023 Average Net Price

$21,680

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

80.8%

4,111 Applicants

2023 Enrolled Students

2,271

72.3% Full-Time

2023 Graduation Rate

69.5%

242 Graduates

About

Grace College and Theological Seminary is a higher education institution located in Kosciusko County, IN. In 2023, the most popular Bachelors Degree concentrations at Grace College and Theological Seminary were General Psychology (34 degrees awarded), Elementary Education & Teaching (22 degrees), and General Business Administration & Management (22 degrees).

In 2023, 475 degrees were awarded across all undergraduate and graduate programs at Grace College and Theological Seminary. 60% of these degrees were awarded to women, and 40% awarded men. The most common race/ethnicity group of degree recipients was white (384 degrees), 15.4 times more than then the next closest race/ethnicity group, hispanic or latino (25 degrees).

The median undergraduate tuition at Grace College and Theological Seminary is $27,992, which is $3,417 more than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Grace College and Theological Seminary was 0%, corresponding to 0 out of the 488 total borrowers.

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Grace College and Theological Seminary is $27,992, which is $3,417 more than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $21,680.

In 2023, 83% of undergraduate students attending Grace College and Theological Seminary received financial aid through grants. Comparatively, 51% of undergraduate students received financial aid through loans.

Tuition Costs

$27,992

2023 Undergraduate Tuition

In 2023, the cost of tuition at Grace College and Theological Seminary was $27,992. The cost of tuition at Grace College and Theological Seminary is $3,417 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Grace College and Theological Seminary (in red) with those of other similar universities.

Average Net Price

$21,680

2023 Value

18.4%

1 Year Growth

In 2023 Grace College and Theological Seminary had an average net price — the price paid after factoring in grants and loans — of $21,680. Between 2022 and 2023, the average net price of Grace College and Theological Seminary grew by 18.4%.

This chart compares the average net price of Grace College and Theological Seminary (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$9,138

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Grace College and Theological Seminary was of $9,138 in 2023. The cost of room and board increased by 1.67% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Grace College and Theological Seminary (in red) with that of similar universities.

Financial Aid by Income Level

83%

Undergraduates Receiving Financial Aid through Grants

51%

Undergraduates Receiving Financial Aid through Loans

83% of undergraduate students at Grace College and Theological Seminary received financial aid through grants or loans in 2023. This represents a decline of 1.19% with respect to 2022, when 84% of undergraduate students received financial aid.

This chart compares the average award discount at Grace College and Theological Seminary (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Grace College and Theological Seminary was 0%, which represents 0 out of the 488 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Grace College and Theological Seminary received 4,111 undergraduate applications in 2023, which represents a 0.983% annual growth. Out of those 4,111 applicants, 3,321 students were accepted for enrollment, representing a 80.8% acceptance rate.

There were 2,271 students enrolled at Grace College and Theological Seminary in 2023. 30% of first-time enrollees submitted SAT scores with their applications.

Grace College and Theological Seminary has an overall enrollment yield of 13.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

80.8%

Acceptance Rate in 2023

3,321

Accepted Out of 4,111

In 2023, the undergraduate acceptance rate of Grace College and Theological Seminary was 80.8% (3,321 admissions from 4,111 applications). This is lower than the acceptance rate of 2022, which was 84.6%. Between 2022 and 2023, the number of applicants grew by 0.983%, while admissions declined by 3.6%.

This chart compares the acceptance rate of Grace College and Theological Seminary (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

30%

Submission Percentage (2023)

135

Scores Submitted (2023)

30% of enrolled first-time students at Grace College and Theological Seminary in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Grace College and Theological Seminary had a total enrollment of 2,271 students in 2023. The full-time enrollment at Grace College and Theological Seminary is 1,643 students and the part-time enrollment is 628. This means that 72.3% of students enrolled at Grace College and Theological Seminary are enrolled full-time.

The enrolled student population at Grace College and Theological Seminary, both undergraduate and graduate, is 77.6% White, 7.35% Hispanic or Latino, 3.96% Black or African American, 2.91% Two or More Races, 1.67% Asian, 0.264% Native Hawaiian or Other Pacific Islanders, and 0.132% American Indian or Alaska Native.

Students enrolled at Grace College and Theological Seminary in full-time Undergraduate programs are most commonly White Female (50.4%), followed by White Male (29.8%) and Hispanic or Latino Female (4.67%). Students enrolled in full-time Graduate programs are most commonly White Female (58.8%), followed by White Male (25.8%) and Black or African American Female (4.4%).

Full-Time vs Part-Time Enrollment

72.3%

Full-Time Enrollment

The total enrollment at Grace College and Theological Seminary in 2023, both undergraduate and graduate, is 2,271 students. The full-time enrollment at Grace College and Theological Seminary is 1,643 and the part-time enrollment is 628. This means that 72.3% of students enrolled at Grace College and Theological Seminary are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Grace College and Theological Seminary (in red) compares to similar universities.

Retention Rate over Time

80%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Grace College and Theological Seminary was 80%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Grace College and Theological Seminary had a retention rate higher than its peers.

This chart shows the retention rate over time at Grace College and Theological Seminary (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,762 enrolled students
Hispanic or Latino
167 enrolled students
Black or African American
90 enrolled students

The enrolled student population at Grace College and Theological Seminary is 77.6% White, 7.35% Hispanic or Latino, 3.96% Black or African American, 2.91% Two or More Races, 1.67% Asian, 0.264% Native Hawaiian or Other Pacific Islanders, and 0.132% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 45 students (1.98%) did not report their race.

Graduates

In 2023, 95 more women than men received degrees from Grace College and Theological Seminary. The most common race/ethnicity group of degree recipients at Grace College and Theological Seminary is white (384 degrees awarded). There were 15.4 times more white recipients than the next closest race/ethnicity group, hispanic or latino (25 degrees).

The most common Bachelor's Degree concentration at Grace College and Theological Seminary is General Psychology (34 degrees awarded), followed by Elementary Education & Teaching (22 degrees) and General Business Administration & Management (22 degrees).

In 2023, the most specialized majors across all degree types at Grace College and Theological Seminary, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (75 degrees awarded), Parks, Recreation, & Leisure (51 degrees), and Psychology (43 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Grace College and Theological Seminary are Other managers (323,772 people), Elementary & middle school teachers (280,647 people), Postsecondary teachers (158,604 people), Secondary school teachers (137,127 people), and Human resources workers (131,503 people).

The most specialized majors at Grace College and Theological Seminary in 2023 are Theology (75 degrees awarded), Parks, Recreation, & Leisure (51 degrees), Psychology (43 degrees), Visual & Performing Arts (27 degrees), and Communications (19 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Grace College and Theological Seminary are Surgeons, Physicians, Photographic process workers & processing machine operators, Cardiovascular technologists and technicians, and Nurse anesthetists

The most specialized majors at Grace College and Theological Seminary are Theology (75 degrees awarded), Parks, Recreation, & Leisure (51 degrees), Psychology (43 degrees), Visual & Performing Arts (27 degrees), and Communications (19 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Grace College and Theological Seminary are Elementary & secondary schools (920,372 people), Computer Systems Design (567,790 people), Justice, public order, & safety activities (548,605 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (545,385 people), and Colleges, universities & professional schools, including junior colleges (540,580 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Grace College and Theological Seminary.

Most Common (2023)

General Psychology
34 degrees awarded
Elementary Education & Teaching
22 degrees awarded
General Business Administration & Management
22 degrees awarded

In 2023, the most common bachelors degree concentration at Grace College and Theological Seminary was General Psychology with 34 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Grace College and Theological Seminary according to their major.

Sex Breakdown for Common Majors

190

Degrees Awarded to Men

in 2023

285

Degrees Awarded to Women

in 2023

In 2023, 190 degrees were awarded to men at Grace College and Theological Seminary, which is 0.667 times less than the number of degrees awarded to females (285).

This chart displays the sex disparity between the top 5 majors at Grace College and Theological Seminary by degrees awarded.

Most Common Male Majors

In 2023, 32 degrees were awarded to men at Grace College and Theological Seminary in General Business Administration & Management, which is 1.78 times more than the 18 female recipients with that same degree.

Most Common Female Majors

In 2023, 29 degrees were awarded to men at Grace College and Theological Seminary in General Psychology, which is 5.8 times more than the 5 male recipients with that same degree.

Time to Complete

69%

100% Completion Time

72%

150% Completion Time

In 2023, 69% of students graduating from Grace College and Theological Seminary completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 72% completed their degrees within 150% of the normal time, and 72% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Female

Highest Graduation Rate (80%)

The student demographic with the highest graduation rate in 2023 at Grace College and Theological Seminary is Female and Two or More Races (80% graduation rate). Across all Masters Colleges and Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.826% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
384 degrees awarded
Hispanic or Latino
25 degrees awarded
Black or African American
15 degrees awarded

The most common race/ethnicity at Grace College and Theological Seminary is white (384 degrees awarded). There were 15.4 times more white recipients than the next closest race/ethnicity group, hispanic or latino (25 degrees).

1.05% of degree recipients (5 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
225 degrees awarded
White Male
159 degrees awarded
Hispanic or Latino Female
19 degrees awarded

The most common race/ethnicity and sex grouping at Grace College and Theological Seminary is white female (225 degrees awarded). There were 1.42 times more white female recipients than the next closest race/ethnicity group, white male (159 degrees).

Operations

Grace College and Theological Seminary has an endowment valued at nearly $27.6M, as of the end of the 2023 fiscal year. The return on its endowment was of 349k (1.26%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Grace College and Theological Seminary had a total salary expenditure of 39.4M. Grace College and Theological Seminary employs 20 Professors, 17 Assistant professors and 10 Associate professors. Most academics at Grace College and Theological Seminary are Male Professor (14), Male Assistant professor (9), and Female Assistant professor (8).

The most common positions for non-instructional staff at Grace College and Theological Seminary are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 57 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 26 employees, and Office and Administrative Support with 13 employees.

Endowment

$27.6M

2023 Endowment

16%

growth from 2022

Grace College and Theological Seminary has an endowment valued at about $27.6M, as of the end of the 2023 fiscal year. The endowment of Grace College and Theological Seminary grew 16% from the previous year. The value of their endowment was $22.1M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Grace College and Theological Seminary (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

Salary Expenditure

$13.2M

2023 Salaries

7.88%

growth from 2022

In 2023, Grace College and Theological Seminary paid a median of $13.2M in salaries, which represents 33.4% of their overall expenditure ($39.4M) and a 7.88% growth from the previous year. This is compared to a 3.47% growth between 2021 and 2022, and a 2.11% growth between 2020 and 2021.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$3.84M

Instructional Salaries

Number of Employees

In 2023, Grace College and Theological Seminary paid a total of $3.84M to 54 employees working as instructors, which represents 29.1% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Professor

Most Common Instructor

20 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

57 Employees

In 2023, the most common positions for instructional staff at Grace College and Theological Seminary were Professor with 20 employees, Assistant professor with 17 employees, and Associate professor with 10 employees.

In 2023, the most common positions for non-instructional staff at Grace College and Theological Seminary were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 57 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 26 employees, and Office and Administrative Support with 13 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Assistant professor
Female Assistant professor

In 2023, the most common demographic for instructional staff at Grace College and Theological Seminary was Male Professor with 14 employees, Male Assistant professor with 9 employees, and Female Assistant professor with 8 employees.

This chart shows the sex split between each academic rank present at Grace College and Theological Seminary.

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