Bachelor's · Lookout Mountain, Georgia

Is Business/Commerce, General at Covenant College worth it?

Low confidence Low confidence: fewer than 40 graduates behind the earnings figures.

The verdict · all families, in-state, half paid with loans

Pays back in time: graduates typically recover the cost in about 4 years.

Earnings 1 year after graduating: $57,854; Treasury AY2020-21, AY2021-22 pooled earnings cohort measured in CY2022, CY2023, inflation adjusted to 2024 dollars
Earnings 4 years after graduating: $80,759; Treasury AY2017-2018, AY2018-2019 pooled earnings cohort measured in CY2022, CY2023, inflation adjusted to 2024 dollars
Typical federal debt at graduation: $20,500; NSLDS pooled AY2022-23, AY2023-24 cohort
Net cost to graduate, all families: $98k (likely $98k – $124k); AcadYr 2024-25, reported in IPEDS DCY2025-26
Earnings bump, year 4: $44k a year vs high-school graduates aged 25–34 in GA; 2023 ACS 5-year pooled, adjusted to 2024 dollars
Payback: 4 years (likely 3.1–5.6); Bump vs net cost plus loan interest
10-year net return: $138k (likely −$5k – $286k); Today's dollars
20-year net return: $672k (likely $366k – $980k); Today's dollars
Odds of finishing (school-wide): 69%; Fall 2019 or AcadYr 2019-20 cohort (differs by institutional calendar), reported in IPEDS DCY2025-26