Analysis
Based on comparable economics programs in Georgia, Covenant College graduates can expect first-year earnings around $45,200βright at the state median but about $6,500 below the national benchmark. The estimated $27,000 in debt pushes the debt-to-earnings ratio to 0.60, which is manageable but not trivial for a credential where other Georgia schools show a wide range of outcomes, from Emory's $71,000 first-year earnings down to around $40,000 at Georgia State and Morehouse.
The challenge here is transparency: because Covenant's graduate cohort is too small for the Department of Education to publish actual outcomes, these figures are derived from peer programs across Georgia. That means you're making a decision with limited visibility into how this specific program performs. The $27,000 debt estimate suggests reasonable borrowing for a private Christian college, and the earnings align with what typical economics bachelor's holders earn in the state. But it's worth noting that Covenant's 82% admission rate and modest Pell population (18%) suggest a different student profile than the state's top-performing economics programs.
If your child is drawn to Covenant's faith-based mission and liberal arts environment, the estimated economics outcomes don't wave red flagsβthe debt burden appears reasonable and the earnings track with state norms. Just recognize you're betting on a program without proven track record data, so connecting with actual alumni would be essential before committing.
Where Covenant College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Georgia
Economics bachelors's programs at peer institutions in Georgia (16 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $40,464 | $45,226* | β | $27,000* | β | |
| $60,774 | $71,340* | $86,679 | $21,000* | 0.29 | |
| $30,058 | $59,907* | $67,871 | $27,000* | 0.45 | |
| $11,180 | $49,725* | $68,386 | $16,924* | 0.34 | |
| $31,725 | $40,726* | $83,743 | $27,000* | 0.66 | |
| $8,478 | $40,598* | $62,063 | $28,500* | 0.70 | |
| National Median | β | $51,722* | β | $22,816* | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Covenant College, approximately 18% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 6 similar programs in GA. Actual outcomes may vary.