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Grace College and Theological Seminary

Winona Lake, IN·Private nonprofit·1,464 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.

82%
Accept
1,464
Students
$19,932
Net Price
69%
Grad Rate
$37,500
Earnings
10 yr
$19,500
Debt

About This School

Grace College and Theological Seminary is a private nonprofit institution located in Winona Lake, Indiana with approximately 1,464 undergraduate students enrolled. Grace College and Theological Seminary has an open or accessible admissions process, with an acceptance rate of 82%. The average net price after financial aid is $19,932 per year. The graduation rate is 69%, 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
Religious Affiliation
Baptist
Avg Faculty Salary
$7,538

Popular Programs

Business & Marketing28%
Psychology16%
Education10%
Health Professions3%
Visual & Performing Arts3%
Communications3%
Engineering2%
Biological Sciences1%

Percentage of degrees awarded. Source: College Scorecard.

Admissions

Test Policy: Considered but not required

SAT Scores

Average Composite1119
Reading 75th %ile610
Math 75th %ile590

ACT Scores

Midpoint Composite23

Cost & Financial Aid

In-State Tuition
$31,200
Out-of-State Tuition
$31,200
Avg Net Price
$19,932
after aid

Net Price by Family Income

Under $30k$10,998
$30–48k$12,459
$48–75k$17,103
$75–110k$22,963
$110k+$26,884

Average annual cost after grants/scholarships, by household income. Source: U.S. Department of Education College Scorecard.

Financial Aid

Students receiving Pell Grants29%
Median debt at graduation$19,500

Full Cost

After Graduation

Graduation Rate
69%
within 6 years
Retention Rate
77%
freshmen returning
Earnings (10 yr)
$37,500
after enrollment
Median Debt
$19,500
at graduation

Earnings 6 Years After Enrollment, by Gender

Male graduates$38,500
Female graduates$28,600

Gap: 26% less for female graduates. National avg ~16%.

Will This School Pay Off?

Median Debt
$19,500
at graduation
Earnings (6 yr)
$32,500
after enrollment
Earnings (10 yr)
$37,500
after enrollment
Earnings-to-Debt Ratio: 1.9x

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

White80%
Black3%
Hispanic/Latino8%
Asian1%
Two or more races2%
International4%

Source: U.S. Department of Education College Scorecard (1,464 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.
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