Covenant College Tuition 2021| The College Monk

$33,360

Tuition

$47,430

Cost of Attendance

$23,053

Net Price

Covenant College Tuition and Fees

Covenant College is known for offering a wide range of undergraduate and postgraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at CC is quite moderate. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Covenant College comes to around $35,640, which includes tuition and other expenses as well. The housing costs $10,660, books and supplies cost $1,170, while the other expenses add up to $1,950.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$34,330	$34,330
Book & Supplies	$1,170	$1,170
Room & Board cost	$10,260	$10,260
Other Expenses	$1,670	$1,670
Total Cost of Attendance	$47,430	$47,430

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $35,640. Apart from that, they should also pay an average amount of $1,170 toward books and supplies, $8,830 for room and boarding charges, and $1,950 toward other expenses in a year. So, the overall cost of attending CC comes out to be about $47,590 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$23,053

Family Income

Avg. Net Price

$0 to $30,000

$16,921

$30,001 to $48,000

$19,629

$48,001 to $75,000

$20,607

$75,001 to $110,000

$23,373

$110,000+

$26,123

The net price of attending Covenant College is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. Simply put, the family income of the candidate is a key factor in determining the net amount. At CC, the average net price is estimated to be $24,619. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $17,334. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $23,654. The amount stands at $21,402 for an annual income between $48,001 and $75,000, $23,032 for the $75,001-$110,000 income bracket, and $26,868 for a family income above $110,000.

Student Loans

Example Loans

$84,448

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$876

Total interest paid

$20,718

Sum of Loan Payments

$105,166

To have a realistic understanding of how much it will cost to study at Covenant College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $84,448 for example. This will result in a $10,517 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $105,166 which is $20,718 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$34,330	$34,330
Room & Board Cost	$10,260	$10,260
Total Tuition & Fees	$44,590	$44,590

At Covenant College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $35,640 in a year. Moreover, the applicants must also pay an amount of $8,830 towards room and boarding charges. Accordingly, the overall cost for undergraduate students at the college totals about $47,590 per year, based on the available data.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$15,552	$15,552
Fees	$216	$216

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at CC, the amount stands at $16,338 per year. Of this amount, $16,104 accounts for the graduate tuition and the remaining $234 for the graduation fees.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$648
Undergraduate	2018 - 2019	$1,430

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend CC. The cost per credit hour for graduate degrees sits at $272, while that of undergraduate degrees is $274, as per the 2019-2020 fee structure. Covenant College also offers a wide range of online programs across 42 different majors for students at present.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$10,260	$4,580
Other Expense	$1,670	$1,670
Book & Supplies	$1,170	$1,170

Moving on to the housing and related expenses at Covenant College, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $12,610 per year, whereas, the cost for off-campus lodging is $8,950 a year. The room and boarding charges for on-campus students come to around $10,660, while the off-campus candidates would need to pay $7,000. Coming to the books and supplies charges, the students will be required to pay an amount of $1,170. Furthermore, the other expenses that the students should plan for come to around $1,950.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$10,260

Off Campus

$4,580

Housing & Other Expenses

Other Expenses

On Campus

$1,670

Off Campus

$1,670

Housing & Other Expenses

Book & Supplies

On Campus

$1,170

Off Campus

$1,170

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Covenant College is around $239,629 as per official data. To note, the total expenses for undergraduate students stood at $24,619 for 2018-2019, $23,053 for 2017-2018, and $23,353 for 2016-2017.