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Grace College and Theological Seminary

Winona Lake, IN·Private nonprofit·1,511 students
Last updated: March 22, 2026

A good fit for students who want accessible admissions and students who want small classes and close faculty access. no major red flags in the data. financial aid brings net price below sticker.

81%
Accept
1,511
Students
$18,406
Net Price
70%
Grad Rate
$37,500
Earnings
10 yr
$16,750
Debt

About This School

Grace College and Theological Seminary is a private nonprofit institution located in Winona Lake, Indiana with approximately 1,511 undergraduate students enrolled. Grace College and Theological Seminary has an open or accessible admissions process, with an acceptance rate of 81%. The average net price after financial aid is $18,406 per year. The graduation rate is 70%, and the typical graduate earns $37,500 within 10 years of enrollment.

Grace College & Grace Theological Seminary is a private evangelical Christian college in Winona Lake, Indiana, United States. It comprises seven schools: the School of Ministry Studies, School of Arts and Humanities, School of Science and Engineering, School of Behavioral Sciences, School of Business, School of Education, and the School of Professional & Online Education.

This small evangelical Christian college in Indiana is worth considering if faith integration matters to you and you're watching costs — the average net price of $18,406/year is genuinely reasonable, and median debt at graduation sits at a manageable $16,750. The numbers tell a mixed story, though: a 70% graduation rate means roughly 3 in 10 students don't finish, and median earnings of $37,500 a decade out are modest, so career planning and major choice matter here. A strong fit for students seeking a values-driven community in programs like ministry, education, or business — less compelling if you're chasing a high-salary field.

Setting
Distant town

Popular Programs

Business & Marketing21%
Psychology13%
Education10%
Visual & Performing Arts8%
Communications6%
Health Professions4%
English1%
Engineering1%

Percentage of degrees awarded. Source: College Scorecard.

Admissions

SAT Scores

Average Composite1088
Reading 75th %ile600
Math 75th %ile600

ACT Scores

Midpoint Composite23

Cost & Financial Aid

In-State Tuition
$30,034
Out-of-State Tuition
$30,034
Avg Net Price
$18,406
after aid

Financial Aid

Students receiving Pell Grants29%
Median debt at graduation$16,750

Full Cost

After Graduation

Graduation Rate
70%
within 6 years
Retention Rate
80%
freshmen returning
Earnings (10 yr)
$37,500
after enrollment
Median Debt
$16,750
at graduation

Will This School Pay Off?

Median Debt
$16,750
at graduation
Earnings (6 yr)
$32,500
after enrollment
Earnings (10 yr)
$37,500
after enrollment
Earnings-to-Debt Ratio: 2.2x

Solid return. Earnings outpace debt, though major choice matters.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White81%
Black3%
Hispanic/Latino7%
Asian2%

Source: U.S. Department of Education College Scorecard (1,511 undergraduates).

Contact & Location

Address

Grace College and Theological Seminary

1 Lancer Way

Winona Lake, IN 46590-1274

View on Google Maps →

Other Schools in Indiana

Browse all Indiana schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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