Analysis
Covenant College's interdisciplinary studies bachelor's carries $22,500 in typical debt—slightly below the national median for these programs but landing at a concerning 85th percentile when compared to all bachelor's degrees nationwide. That debt load becomes more significant when paired with first-year earnings that peer programs nationally suggest will be around $35,000.
The 0.64 debt-to-earnings ratio means graduates would owe roughly eight months of their gross first-year salary. While this isn't catastrophic territory, it does squeeze margins tighter than many families anticipate, especially since similar programs across Georgia have produced earnings as low as $23,600 at some institutions. The field itself trends modest in early-career compensation—even top-performing interdisciplinary programs nationally see graduates earning only around $40,000 in year one.
For a private college experience at Covenant, families should understand they're paying a premium that shows up in that above-average debt load without clear evidence of corresponding salary advantages over cheaper state options. The program might deliver value through Covenant's distinctive mission and community, but those benefits won't necessarily translate to measurably higher starting salaries. Plan for a multi-year repayment timeline and consider whether the specific interdisciplinary focus here opens doors that justify the debt difference over Georgia's public alternatives.
Where Covenant College Stands
Earnings vs. debt across all multi-/interdisciplinary studies bachelors's programs nationally
Compare to Similar Programs in Georgia
Multi-/Interdisciplinary Studies 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 | $35,282* | — | $22,500 | — | |
| $3,483 | $32,049* | — | $24,725 | 0.77 | |
| $5,498 | $23,631* | — | $35,576 | 1.51 | |
| National Median | — | $35,282* | — | $26,000 | 0.74 |
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 national median of 55 similar programs. Actual outcomes may vary.