Grace College and Theological Seminary Business Administration (Bachelor's): Tuition, Graduate Salary, and Debt
- Bachelor's in Business Administration, Management and Operations
- Private nonprofit college
- Winona Lake, IN
- About 30 graduates a year
College Scorecard June 2026 release · BLS wages May 2025
The short answer
Grace College and Theological Seminary business administration graduates earn more than graduates of most business administration programs nationally, $62,251 in their first year. Where this program stands out is debt. The typical graduate leaves with $20,104 in federal loans, less than at 86% of business administration programs in the country. It is one of the higher-paying business administration degrees in Indiana.
How it compares
Each figure is the median for graduates of the program. The Indiana and national columns are the medians across all business administration bachelor's programs that report the figure.
Five years out, Grace College and Theological Seminary graduates earn less than the national figure and about $6,373 less than the Indiana median. Several Indiana programs with higher debt show higher pay by the five-year mark.
Debt and first-year pay at every Indiana business administration program
Programs in the upper left give graduates higher pay for less debt. Dashed lines mark the Indiana medians.
Hover over or tap a dot to see the school. Only programs that report both earnings and debt are shown.
What graduates earn over time
Pay falls about 12% between the first and fifth year.
Year 1 and year 5 figures come from different graduating classes, so the growth rate is an estimate.
Paying back the loans
On a standard 10-year plan, the median debt means a payment of about $213 a month, or 4.1% of a graduate's typical monthly pay in the first year.
The government publishes these as ranges to protect privacy. They were measured in 2018 to 2020, partly during the pandemic pause on federal loan payments, so the forbearance share may be higher than usual.
Where graduates work, and what the pay is worth
72% of graduates (26 of 36) were working in Indiana one year after graduating. Prices in the parts of Indiana outside metro areas are about 11% below the national average, so a $62,251 salary here buys what about $70,216 buys in a typical US city.
Careers this field leads to
These are the jobs that the federal crosswalk from fields of study to occupations links to business administration, largest first. Pay is the median across all experience levels.
General and Operations Managers
$108,170Median pay in Indiana. 47,180 people work in this job in Indiana. Nationally, jobs are projected to grow 5% from 2025 to 2035, with about 285,000 openings a year. Typical education to start: bachelor's degree, plus 5 years or more of related work experience.
First-Line Supervisors of Office and Administrative Support Workers
$69,490Median pay in Indiana. 21,780 people work in this job in Indiana. Nationally, jobs are projected to stay about the same in number from 2025 to 2035, with about 127,400 openings a year. Typical education to start: high school diploma or equivalent, plus less than 5 years of related work experience.
First-Line Supervisors of Retail Sales Workers
$47,790Median pay in Indiana. 22,090 people work in this job in Indiana. Nationally, jobs are projected to shrink 4% from 2025 to 2035, with about 113,500 openings a year. Typical education to start: high school diploma or equivalent, plus less than 5 years of related work experience.
Project Management Specialists
$95,020Median pay in Indiana. 11,970 people work in this job in Indiana. Nationally, jobs are projected to grow 7% from 2025 to 2035, with about 76,500 openings a year. Typical education to start: bachelor's degree.
About Grace College and Theological Seminary
Business Administration ranks 1st of 8 bachelor's programs at Grace College and Theological Seminary by first-year earnings. The top three are Business Administration ($62,251), Accounting ($55,997), and Teacher Education ($41,955).
Other business administration bachelor's programs near Winona Lake
Common questions
The median graduate earns $62,251 one year after graduating and $54,568 five years after. The median across business administration bachelor's programs in Indiana is $48,180.
The median federal loan balance is $20,104, which ranks 2nd lowest of 26 business administration bachelor's programs in Indiana. That works out to about $213 a month over 10 years.
On the numbers, yes for most students. Debt equals 32% of first-year earnings, against a national median of 55%, and the share of borrowers in default two years into repayment is 20% or less.
Most do. 72% (26 of 36) were working in Indiana one year after graduating.
About this data
- Earnings and debt only include students who received federal financial aid (grants or loans).
- Earnings only count graduates who were working and not enrolled in more school. Graduates who went straight to further study are not included.
- Debt only includes federal loans. Private loans and credit cards are not counted.
- Some schools with several campuses report one combined figure for all of them. We count each of those schools once, and leave them out of Indiana comparisons when their main campus is in another state.
- Scorecard figures describe graduating classes from several years ago. BLS wages are from May 2025.
- School-level numbers like tuition, admission rate, and graduation rate are for the whole school, not the business administration program.
Sources
- U.S. Department of Education, College Scorecard, field of study and institution files, June 2026 release
- Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025
- Bureau of Labor Statistics, Employment Projections 2025 to 2035
- Bureau of Economic Analysis, Regional Price Parities, 2024
- NCES, CIP 2020 to SOC 2018 crosswalk, and IPEDS institution directory, 2024