Grace College and Theological Seminary

www.grace.edu

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2020 Undergraduate Tuition

$23,304

3.21% growth from 2019

2020 Average Net Price

$20,415

After Financial Aid

2018 Student Loan

3.15%

Default Rate

2020 Acceptance Rate

74.6%

3,984 Applicants

2020 Enrolled Students

1,901

75% Full-Time

2020 Graduation Rate

29.6%

105 Graduates

About

Grace College and Theological Seminary is a higher education institution located in Kosciusko County, IN. In 2016, the most popular Bachelor's Degree concentrations at Grace College and Theological Seminary were General Psychology (38 degrees awarded), Biblical Studies (25 degrees), and General Business Administration & Management (23 degrees).

In 2020, 581 degrees were awarded across all undergraduate and graduate programs at Grace College and Theological Seminary. 56.3% of these degrees were awarded to women, and 43.7% awarded men. The most common race/ethnicity group of degree recipients was white (484 degrees), 20.2 times more than then the next closest race/ethnicity group, hispanic or latino (24 degrees).

The median undergraduate tuition at Grace College and Theological Seminary is $23,304, which is $774 more than the national average for Masters Colleges and Universities ($22,531).

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

The median undergraduate tuition at Grace College and Theological Seminary is $23,304, which is $774 more than the national average for Masters Colleges and Universities ($22,531).

After taking grants and loans into account, the average net price for students is $20,415.

In 2020, 84% of undergraduate students attending Grace College and Theological Seminary received financial aid through grants. Comparatively, 55% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$23,304

2020 Undergraduate Tuition

In 2020, the cost of tuition at Grace College and Theological Seminary was $23,304. The cost of tuition at Grace College and Theological Seminary is $774 more than than the overall (public and private) national average for Masters Colleges and Universities ($22,531).

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

Average Net Price

$20,415

2020 Value

3.39%

1 Year Growth

In 2020 Grace College and Theological Seminary had an average net price — the price paid after factoring in grants and loans — of $20,415. Between 2019 and 2020, the average net price of Grace College and Theological Seminary grew by 3.39%.

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

$8,658

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Grace College and Theological Seminary was of $8,658 in 2020. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 1.06% between 2019 and 2020. 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

Financial Aid by Income Level

84%

Undergraduates Receiving Financial Aid through Grants

55%

Undergraduates Receiving Financial Aid through Loans

84% of undergraduate students at Grace College and Theological Seminary received financial aid through grants or loans in 2020. This represents a decline of 1.18% with respect to 2019, when 85% 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.

3.15%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Grace College and Theological Seminary was 3.15%, which represents 17 out of the 540 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 3,984 undergraduate applications in 2020, which represents a 85.4% annual growth. Out of those 3,984 applicants, 2,974 students were accepted for enrollment, representing a 74.6% acceptance rate.

There were 1,901 students enrolled at Grace College and Theological Seminary in 2020, and 32% of first-time enrollees submitted SAT scores with their applications.

Grace College and Theological Seminary has an overall enrollment yield of 14.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

74.6%

Acceptance Rate in 2020

2,974

Accepted Out of 3,984

In 2020, the undergraduate acceptance rate of Grace College and Theological Seminary was 74.6% (2,974 admissions from 3,984 applications). This is lower than the acceptance rate of 2019, which was 79.9%. Between 2019 and 2020, the number of applicants grew by 85.4%, while admissions grew by 73.2%.

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

SAT Scores

32%

Submission Percentage

135

Scores Submitted

32% of enrolled first-time students at Grace College and Theological Seminary in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Grace College and Theological Seminary has a total enrollment of 1,901 students. The full-time enrollment at Grace College and Theological Seminary is 1,426 students and the part-time enrollment is 475. This means that 75% 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 78.3% White, 6.47% Hispanic or Latino, 4.26% Black or African American, 2.42% Two or More Races, 1.53% Asian, 0.105% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Grace College and Theological Seminary in full-time Undergraduate programs are most commonly White Female (50.6%), followed by White Male (30.5%) and Hispanic or Latino Female (4.7%). Students enrolled in full-time Graduate programs are most commonly White Female (43.1%), followed by White Male (29.2%) and Hispanic or Latino Male (4.62%).

Full-Time vs Part-Time Enrollment

75%

Full-Time Enrollment

The total enrollment at Grace College and Theological Seminary, both undergraduate and graduate, is 1,901 students. The full-time enrollment at Grace College and Theological Seminary is 1,426 and the part-time enrollment is 475. This means that 75% of students enrolled at Grace College and Theological Seminary are enrolled full-time compared with 68.8% 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

76%

2020 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 76%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), 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

White
1,489
Hispanic or Latino
123
Black or African American
81

The enrolled student population at Grace College and Theological Seminary is 78.3% White, 6.47% Hispanic or Latino, 4.26% Black or African American, 2.42% Two or More Races, 1.53% Asian, 0.105% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders. 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 52.6% White, 16.6% Hispanic or Latino, and 13% 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, 69 students (3.63%) did not report their race.

Graduates

In 2020, 73 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 (484 degrees awarded). There were 20.2 times more white graduates than the next closest race/ethnicity group, hispanic or latino (24 degrees).

The most common Bachelor's Degree concentration at Grace College and Theological Seminary is General Psychology (38 degrees awarded), followed by Biblical Studies (25 degrees) and General Business Administration & Management (23 degrees).

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 (105 degrees awarded), Parks, Recreation, & Leisure (30 degrees), and Psychology (57 degrees).

Workforce

Common Jobs by Major

Accountants & auditors

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 Accountants & auditors (1,046,267 people), Other managers (698,950 people), Financial managers (458,651 people), Chief executives & legislators (362,772 people), and Elementary & middle school teachers (340,554 people).

The most specialized majors at Grace College and Theological Seminary are Theology (105 degrees awarded), Parks, Recreation, & Leisure (30 degrees), Psychology (57 degrees), Language & Linguistics (8 degrees), and Business (170 degrees).

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, Nuclear medicine technologists and medical dosimetrists, Sales engineers, and Nurse anesthetists

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 (859,237 people), Colleges, universities & professional schools, including junior colleges (517,620 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (507,401 people), Banking & related activities (494,472 people), and Computer Systems Design (471,867 people).

Degrees

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

General Psychology
38 degree-majorss awarded
Biblical Studies
25 degree-majorss awarded
General Business Administration & Management
23 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Grace College and Theological Seminary was General Psychology with 38 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

254

Degrees Awarded to Men

in 2020

327

Degrees Awarded to Women

in 2020

In 2020, 254 degrees were awarded to men at Grace College and Theological Seminary, which is 0.777 times less than the number of degrees awarded to females (327).

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 2020, 30 degrees were awarded to men at Grace College and Theological Seminary in General Business Administration & Management, which is 1.15 times more than the 26 female recipients with that same degree.

Most Common Female Majors

In 2020, 36 degrees were awarded to women at Grace College and Theological Seminary in General Psychology, which is 18 times more than the 2 male recipients with that same degree.

Time to Complete

56%

100% Completion Time

57%

150% Completion Time

In 2020, 56% 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, 57% completed their degrees within 150% of the normal time, and 57% 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.

Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Grace College and Theological Seminary is Male and Asian (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.4%).

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, 4.76% of graduates (5 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
484 degrees awarded
Hispanic or Latino
24 degrees awarded
Black or African American
15 degrees awarded

The most common race/ethnicity at Grace College and Theological Seminary is white (484 degrees awarded). There were 20.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (24 degrees).

1.89% of degree recipients (11 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Female
279 degrees awarded
White Male
205 degrees awarded
Hispanic or Latino Female
13 degrees awarded

The most common race/ethnicity and sex grouping at Grace College and Theological Seminary is white female (279 degrees awarded). There were 1.36 times more white female recipients than the next closest race/ethnicity group, white male (205 degrees).

Operations

Grace College and Theological Seminary has an endowment valued at nearly $18.6M, as of the end of the 2020 fiscal year. The return on its endowment was of $−NaNk (−1.21%), compared to the 3.19% average return ($1.26M on $39.6M) across all Masters Colleges and Universities.

In 2020, Grace College and Theological Seminary had a total salary expenditure of $37.6M. Grace College and Theological Seminary employs 24 Assistant professors, 16 Professors, and 5 Associate professors. Most academics at Grace College and Theological Seminary are Male Assistant professors (14), Male Professors(13), and Female Assistant professors (10).

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 50 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 25 employees, and Business and Financial Operations with 13 employees.

Finances

Endowment

$18.6M

2020 Endowment

0.896%

decline from 2019

Grace College and Theological Seminary has an endowment valued at about $18.6M, as of the end of the 2020 fiscal year. The endowment of Grace College and Theological Seminary declined 0.896% from the previous year. The value of their endowment was $21M 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.

Government Grants and Contracts

Grants & Contracts

$2.32M - Federal
$2.97M - State
$0 - Local

As of 2020, Grace College and Theological Seminary received $2.32M in grants and contracts from the federal government, $2.97M from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$11.6M

2020 Salaries

2.63%

decline from 2019

In 2020, Grace College and Theological Seminary paid a median of $11.6M in salaries, which represents 30.8% of their overall expenditure ($37.6M) and a 2.63% decline from the previous year. This is compared to a 3.43% growth from 2018 and a 0.33% decline from 2017.

The median for similar Masters Colleges and Universities is 34.6M (40.9% of overall expenditures).

Instructional Salaries

$3.19M

Instructional Salaries

Number of Employees

In 2020, Grace College and Theological Seminary paid a total of $3.19M to 49 employees working as instructors, which represents 27.5% of all salaries paid.

This is compared to a median of $11M (31.8%) for similar Masters Colleges and Universities.

Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

24 Employees

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

Most Common Non-Instructional Employee

50 Employees

In 2020, the most common positions for instructional staff at Grace College and Theological Seminary were Assistant professor with 24 employees; Professor with 16 employees; and Professor with 5 employees.

In 2020, 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 50 employees; Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 25 employees; and Business and Financial Operations with 13 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Assistant professor
Male Professor
Female Assistant professor

In 2020, the most common demographic for instructional staff at Grace College and Theological Seminary was Male Assistant professor with 14 employees, Male Professor with 13 employees, and Female Assistant professor with 10 employees.

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

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