$24,768

Tuition

$35,902

Cost of Attendance

$20,577

Net Price

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Grace College and Theological Seminary Tuition and Fees

Grace College and Theological Seminary is a prominent educational institution known for offering a range of undergraduate, postgraduate, and doctoral programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at GCTS is quite moderate compared to the expense of education at most institutions. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Grace College and Theological Seminary comes to around $26,262, which includes tuition and other expenses as well. The housing facilities, books and supplies, and other expenses cost $9,316, $1,000, and $2,100, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$24,768$24,768
Book & Supplies$1,000$1,000
Room & Board cost$9,134$9,134
Other Expenses$1,000$1,000
Total Cost of Attendance$35,902$35,902

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $26,262. In addition, the students will be needed to pay an average expense of $1,000 for books and supplies, $8,658 toward room and boarding, and $2,100 for different other expenses in a year. So, the overall cost of attending GCTS comes out to be about $38,020 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$20,577

Family Income

Avg. Net Price

$0 to $30,000

$14,771

$30,001 to $48,000

$15,695

$48,001 to $75,000

$20,371

$75,001 to $110,000

$23,762

$110,000+

$24,942

As for the net cost for attending GCTS, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. Simply put, the family income of the candidate is a key factor in determining the net amount. At GCTS, the average net price is estimated to be $21,131. For students with a family income below $30,000, the estimated net price is $17,874, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $15,373. On the other hand, an estimated net cost of $20,903 is charged for the $48,001-$75,000 income bracket, $23,897 for the $75,001-$110,000 income category, and $24,509 for an annual family income more than $110,000.

Student Loans

Example Loans

$67,060

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

N/A

Example monthly payment

$696

Total interest paid

$16,452

Sum of Loan Payments

$83,512

To have a realistic understanding of how much it will cost to study at Grace College and Theological Seminary here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $67,060 for example. This will result in a $8,351 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a NA repayment plan. Then the total payment made towards the loan is $83,512 which is $16,452 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$24,768$24,768
Room & Board Cost$9,134$9,134
Total Tuition & Fees$33,902$33,902

At Grace College and Theological Seminary, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $26,262 in a year. Alongside that, they will likewise need to shell out around $8,658 toward their room and boarding charges. In view of this information, the estimated total cost for undergraduate students at GCTS adds up to $38,020.

Graduate Tuition and Fees

In-stateOut-State
Tuition$7,860$7,860
FeesN/AN/A

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at GCTS, the amount stands at $7,386 per year. Interestingly, the students at Grace College and Theological Seminary are not required to pay any graduation fees.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$530
Undergraduate2018 - 2019$882

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Grace College and Theological Seminary varies for graduate and undergraduate courses. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $123 and for undergraduate courses, it stands at $202.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$9,134$8,000
Other Expense$1,000$3,200
Book & Supplies$1,000$1,000

Moving on to the housing and related expenses at Grace College and Theological Seminary, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $10,316 per year, whereas, the cost for off-campus lodging is $11,200 a year. Besides, on-campus candidates will have to pay about $9,316 toward room and boarding charges. On the other hand, off-campus students will be required to pay an amount of $8,000. On the other hand, the charges toward books and supplies come to around $1,000. Aside from these, the other expenses that students should plan for add up to $1,000 for on-campus candidates and $3,200 for students who are off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$9,134

Off Campus

$8,000

Housing & Other Expenses

Other Expenses

On Campus

$1,000

Off Campus

$3,200

Housing & Other Expenses

Book & Supplies

On Campus

$1,000

Off Campus

$1,000

Moving on to the housing and related expenses at Grace College and Theological Seminary, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $10,316 per year, whereas, the cost for off-campus lodging is $11,200 a year. Besides, on-campus candidates will have to pay about $9,316 toward room and boarding charges. On the other hand, off-campus students will be required to pay an amount of $8,000. On the other hand, the charges toward books and supplies come to around $1,000. Aside from these, the other expenses that students should plan for add up to $1,000 for on-campus candidates and $3,200 for students who are off-campus.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Masters $13,752 $382
Bachelors NA NA
Associate $16,020 $267

Grace College and Theological Seminary offers 11 online programs across 6 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at GCTS are projected to cost around $191,522 as per official data. Notably, the total expenses for undergraduate students amounted to $21,131 in 2018-2019, $20,577 in 2017-2018, and $20,324 in 2016-2017.

Explore Programs by Major

Business ManagementEducationHuman ServicesPsychologyTheologyArts

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