Winona Lake, IN Overview
Grace College and Theological Seminary is a private, non-profit 4-year college located in Winona Lake, Indiana. There are currently 1,458 undergraduates at Grace College and the school’s acceptance rate is 85%. The tuition at Grace College is $29,048.
Grace College is a Brethren Church school. That means that the administration is affiliated with the Brethren Church faith. Classes may be designed with religious principles in mind, or some schools may even incorporate prayer into their schedule. Other schools with a religious affiliation may not be as active in their incorporation of the faith. It's a good idea to ask an admissions officer or current student what role faith has at Grace College to help you make an educated decision.
Student Body
Undergraduate Students
1,458
Pell Grant 30%
Undergrad Students Over 25 7%
Part-Time Undergrad Students 3%
Percent Male / Female 39% / 61%
Ethnic Diversity at Grace College
79% White
7% Hispanic
4% International / Non-Citizen
3% Black
3% Multiracial
2% Asian / Pacific Islander
1% Unknown
Academics Snapshot
Student/Faculty Ratio
18:1
Graduation Rate
66%
Popular Majors
Percent of Students
Business, Management, & Marketing
22%
22% of graduates
Psychology
14%
14% of graduates
Theology & Religious Vocations
13%
13% of graduates
Education
11%
11% of graduates
Liberal Arts & Humanities
9%
9% of graduates
Parks, Recreation, Leisure, & Fitness Studies
7%
7% of graduates
Homeland Security, Law Enforcement, Firefighting & Related Protective Services
4%
4% of graduates
Health Professions & Related Programs
4%
4% of graduates
Biological & Biomedical Sciences
3%
3% of graduates
Public Administration & Social Services
3%
3% of graduates
Visual & Performing Arts
3%
3% of graduates
Natural Resources & Conservation
2%
2% of graduates
Communications & Journalism
1%
1% of graduates
History
1%
1% of graduates
Languages & Literatures
1%
1% of graduates
Engineering
1%
1% of graduates
English Language & Literature
1%
1% of graduates
Scholarships & Financial Aid Snapshot
$41,324
$23,499
$17,825
Cost Breakdown
Estimated Cost:
$41,324for the 2023-2024 Academic Year
The sticker price at Grace College is $41,324. This sticker price includes costs for tuition, books and supplies, room and board, and other miscellaneous expenses.
It’s also important to note that the cost of attendance can vary from year to year and typically it will rise over your four years in college. With that said, your financial aid will also be recalculated every year to take any price increases, as well as any changes in your financial situation, into account.
College costs can look different for every student based on their financial situation. To get a more accurate picture of what tuition at Grace College would look like for you, try entering your financial information into their Net Price Calculator.
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Grace College and Theological Seminary Financial Aid
Students who are applying for financial aid at Grace College and Theological Seminary need to submit the Free Application for Federal Student Aid (or FAFSA). The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.
The FAFSA code for Grace College and Theological Seminary is 001800.
If you are looking for more information on how to complete the FAFSA, check out our How to Complete the FAFSA Guide.
Midwest Student Tuition Exchange
Grace College is in a state that participates in the Midwest Student Exchange. That means that if you are a resident of Indiana, Kansas, Minnesota, Mississippi, Nebraska, North Dakota, Ohio, or Wisconsin, you may qualify for discounted tuition at Grace College. This program applies to both private and public institutions, although the discount at private institutions is lower. Check their website for more information on eligibility and what your discount would be.
Pell Grants at Grace College and Theological Seminary
37% of students at Grace College and Theological Seminary receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to Grace College and Theological Seminary.
You can learn more about Pell Grant eligibility here.
Outside Scholarships
Grace College students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:
Grace College and Theological Seminary Financial Aid Resources
If you are looking for more information about financial aid and scholarships at Grace College or have questions that are specific to your personal situation, we recommend that you reach out directly to the financial aid office!
Here’s how you can get in touch:
Admissions Snapshot
85%
23
Does Grace College and Theological Seminary charge an application fee?
Good news! Grace College and Theological Seminary does not charge application fees, so you can apply for free. If you think there is any chance you’d like to attend Grace College and Theological Seminary, consider sending in an application since it will not cost you anything.
Is Grace College test-optional?
Grace College and Theological Seminary is test-optional, which means that it does not require applicants to submit their SAT or ACT scores. That means that some students will submit their test scores and others will not. If you choose not to submit your ACT or SAT score, the admissions officers will weigh your grades, extracurricular activities, essays, and interviews more heavily. If you are not sure whether you should submit your standardized test scores, our guide on submitting scores to test-optional schools can help.
Student Outcomes Snapshot
Graduate Income
$45,411
Median Debt $19,500
Debt 10 years after graduation $207
Graduation Rate 66%
What is the graduation rate at Grace College and Theological Seminary?
66% of students who start at Grace College and Theological Seminary end up finishing their degree within six years of enrolling. This is 8% more than the national median. A higher graduation rate indicates that students have better experiences at an institution.
How much do graduates of Grace College and Theological Seminary go on to earn?
10 years after starting school at Grace College and Theological Seminary, the median earnings among students who received federal financial aid was $45,411. This is $4,980 less than the national median.
Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.
How much do students at Grace College take out in loans?
Graduates of Grace College have to take out a median of $19,500 in federal student loans. This is $6,000 more than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.
Data Sources
We strive to provide users with the most up-to-date information and source data from publicly available sources, including the College Scorecard and directly from the colleges. College statistics can change throughout the year, but we do our best to update them as quickly as possible. If you see an error, feel free to contact us.
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