Tuition, Cost & Aid
Affordability and Cost
Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$20,415
Tuition
| In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution. | $28,942 |
| Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state's or institution's residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school. | $28,942 |
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
| $10,712 |
| Books and Supplies | $1,000 |
| Tuition Payment Plan | Yes |
Financial Aid: visit page
Financial Aid Email: [email protected]
Aid & Grants
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students receiving state aid Students receiving federal aid
30%
Average Aid Per Year
$21,252
30%
Average Federal Grant Aid Per Year
$5,943
Average Institution Grant Aid Per Year
$16,186
35%
Average State Grant Aid Per Year
$7,597
37%
Average Federal Grant Aid Per Year
$5,943
Average Grant & Scholarship By Family Income
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$14,155,587
Total Non-Need-Based Scholarships/Grants
$4,297,952
Student Loans
Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
60%
Average Loan Amount Per Year
$6,586
Students receiving federal loans
60%
Average Federal Loans Per Year
$5,366
Average Other Loans Per Year
$11,418
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$17,250
Loan Default Rate
2%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$186
What Students Are Saying
with the new 3 year program, a student can get a 4 year degree in 3 years. this saves each student a whole years worth of college bills.
Ty from Cedar Rapids, IA
Grace is a little expensive according to the price tag. The fact that 95% of students receive either government or institutional aid help with the price. Even without the aid Grace is less expensive than most private schools our size. The atmosphere and friendships with peers and professors that you will develop makes the price tag well worth it.
Dustin from Fort Wayne, IN
Not overly expensive. Job or master's program acceptance guarantee when graduated. If not, they give you another year of schooling at no cost!
Chris from Marion, IN
Grace College is an excellent place to grow as a person and academically. You have several activities and sports to get involved in, job opportunities are available.
BBCards
Although Grace is rather expensive, a student's is certainly worth all the money. There are student jobs on campus that can help with finances, as well.
Rachel
The scholarships offered at Grace are pretty good if you're academically successful. Grace accepts almost everyone, but it's extremely hard to come without help. The three year and four year blended programs help a lot though.
Julia
From free textbooks to tuition being cut off $1000 each year you attend Grace, you can tell that the school wants to reduce your bill as much as possible.
Corinthia from Bloomington, IL
Tuition goes down each year that you return, books are free and four years are condensed into three, all making it very affordable.
Kelsey from Zionsville, IN
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