Head-to-head comparison
Morehouse College vs Covenant College: which has better ROI?
Option A Atlanta, GA
Morehouse College
- Net price / year
- $39,013
- Earnings, 10 years
- $52,889
- Payback
- 34.5 yrs
Option B Lookout Mountain, GA
Covenant College
- Net price / year
- $26,265
- Earnings, 10 years
- $50,412
- Payback
- 51.2 yrs
Morehouse College has the better ROI: it clears its 4-year net cost of $156,052 in 34.5 years versus 51.2 years at Covenant College, on median earnings of $52,889 vs $50,412 ten years out. (Scorecard, 2026 · our math.)
| Measure | Morehouse College | Covenant College |
|---|---|---|
| Net price / yr | $39,013 | $26,265 |
| Total net cost | $156,052 | $105,060 |
| Median earnings, 10 yrs | $52,889 | $50,412 |
| Median debt | $25,000 | $22,500 |
| Payback | 34.5 yrs | 51.2 yrs |
| 20-year net return | -$65,472 | -$64,020 |
College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.
The short answer
Which is cheaper, Morehouse College or Covenant College?
Covenant College, at $26,265 a year after aid versus $39,013 — a gap of $12,748 a year, or $50,992 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.
The short answer
Do Morehouse College or Covenant College graduates earn more?
Morehouse College graduates report a median $52,889 ten years after entry, $2,477 more than the $50,412 at Covenant College. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.
The short answer
Which leaves students with less debt, Morehouse College or Covenant College?
Covenant College: its completers carry a median $22,500 in federal loans versus $25,000 at Morehouse College, a difference of $2,500. The figure counts students who finished; it excludes private loans and anyone who left before graduating.
The short answer
Which graduates more of its students?
71% of students finish at Covenant College, against 59% at Morehouse College. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.