Covenant College is a private, nonprofit institution in Georgia, enrolling 875 students as of 2024. It graduates 66% of students in four years, returns 88% of freshmen for a second year, and costs an average of $27,926 a year after grants and scholarships. Of the 9 inspection checks that could be evaluated, 1 is flagged: Tuition Allocation. This report benchmarks Covenant College's most recent reported year (2024) against 2,000+ U.S. colleges across three dimensions: student outcomes, financial health, and value for money. All figures are drawn from federal IPEDS filings and are reported without editorial judgment.
Covenant College Inspection Flags
Inspection flags are nine independent checks across student outcomes, financial health, and cost-to-value that surface areas of a college's reported numbers worth a closer look. A triggered flag means the college's data met a specific threshold that students and families may want to ask about — for example, graduation rates slipping below a level, or tuition rising while outcomes decline. A clear flag means the threshold was not met. Flags are signals for further conversation, not verdicts.
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Student Outcomes
How students at Covenant College complete their degrees, benchmarked against U.S. four-year colleges.
College Financial Health
How financially stable Covenant College is, benchmarked against U.S. four-year colleges.
Value for Your Money
How Covenant College spends its budget and what families pay, benchmarked against U.S. four-year colleges.
How Much Will This Cost for Your Income Level?
Net price is the average annual out-of-pocket cost for first-time, full-time undergraduate students — tuition + fees + room & board, minus the grants and scholarships the institution reports providing to students in each income bracket. Select your household income below to see the reported figure for that group.
Covenant College — All Reported Indicators
Plain-text reference table of every metric and inspection flag for Covenant College. Values reflect IPEDS-reported figures; percent changes reflect endpoint-to-endpoint 2020 → 2024 comparison; percentiles reflect 2024 national rank against four-year public and private nonprofit institutions. Cells marked "not reported" indicate the indicator was not present in IPEDS for this institution.
Student Outcomes
| Metric | 2024 Value | 5-Yr % Change | National Percentile |
|---|---|---|---|
| Four-Year Graduation Rate | 66.0% | +1.5% | 83rd |
| Six-Year Graduation Rate | 73.0% | +2.8% | 80th |
| Full-Time Retention Rate | 88.0% | +4.8% | 82nd |
| Pell Grant Six-Year Graduation Rate | 63.1% | -3.2% | 76th |
| Pell-to-Non-Pell Graduation Gap | 8.7pp | +171.5% | 48th |
| Pell Share of Cohort | 26.1% | +4.8% | 25th |
Financial Health
| Metric | 2024 Value | 5-Yr % Change | National Percentile |
|---|---|---|---|
| Revenue-to-Expense Ratio | 1.19× | +9.5% | 75th |
| Total FTE Enrollment | 875 | -3.1% | 32nd |
| Endowment Value | $64.9M | +49.8% | 55th |
| Net Assets (End of Year) | $117.3M | +9.9% | 55th |
Value for Money
| Metric | 2024 Value | 5-Yr % Change | National Percentile |
|---|---|---|---|
| Instructional Spending % | 26.3% | -13.2% | 24th |
| Student Support Spending % | 20.9% | -6.7% | 79th |
| Administrative Spending % | 22.6% | +27.4% | 67th |
| Instruction+Support to Admin Ratio | 2.09× | -29.7% | 31st |
| Average Net Price | $27,926 | +6.9% | 82nd |
| Net Price: $0-30K Income | $18,310 | -7.7% | 70th |
| Net Price: $30K-48K Income | $15,929 | -40.0% | 58th |
| Net Price: $48-75K Income | $24,606 | +12.7% | 85th |
| Net Price: $75K-110K Income | $24,836 | -2.6% | 73rd |
| Net Price: $110K+ Income | $30,172 | +4.4% | 71st |
Inspection Flags
| Flag | Section | Status |
|---|---|---|
| Retention Below 80% Covenant College's retention rate fell below 80% in 1 of 5 reported years — below the 3-of-5 trigger threshold. | Student Outcomes | Cleared |
| Four-Year Graduation Rate Below 50% Covenant College's 4-year graduation rate stayed at or above 58% in all 5 reported years — above the 50% threshold. | Student Outcomes | Cleared |
| Pell Gap Exceeds 10 Points Covenant College's Pell graduation gap stayed at or below 10 percentage points in all 5 eligible years. | Student Outcomes | Cleared |
| Revenue-to-Expense Below 1.0 Covenant College's ratio fell below 1.0 in 1 of 5 reported years — below the 3-of-5 trigger threshold. | Financial Health | Cleared |
| Enrollment Declined 5% or More Covenant College's total enrollment fell from 903 to 875 students between 2020 and 2024 (-3.1%) — less than the 5% decline that triggers this flag. | Financial Health | Cleared |
| Endowment Under $50M or Growth Under 15% Covenant College's endowment is $64.9M and grew +49.8% between 2020 and 2024 — clearing both the $50 million size threshold and the 15% growth threshold. | Financial Health | Cleared |
| High Cost, Low Completion Covenant College costs more than the national median but also graduates students at above-median rates — only one of two conditions is met. | Value for Money | Cleared |
| Spending on Students Below the National Median Covenant College spends $2.09 on instruction and student support per $1 of admin (2024) — below the national median of $2.75 in 4 of 5 reported years. | Value for Money | Triggered |
| Rising Price, Falling Outcomes Either net price did not rise or the graduation rate did not decline between 2020 and 2024 — flag not triggered. | Value for Money | Cleared |