Is a teacher education degree from Grace College and Theological Seminary worth it?

On the numbers, yes for most students. Debt equals 36% of first-year earnings, against a national median of 61%. If the highest possible early salary is the main goal, several Indiana programs report higher pay, usually with more debt.

Grace College and Theological Seminary Teacher Education (Bachelor's): Tuition, Graduate Salary, and Debt

Q: How much debt do Grace College and Theological Seminary teacher education graduates have?

The median federal loan balance is $15,250, which ranks the lowest of 25 teacher education bachelor's programs in Indiana. That works out to about $162 a month over 10 years.

Q: Do Grace College and Theological Seminary teacher education graduates stay in Indiana?

Most do. 84% (16 of 19) were working in Indiana one year after graduating.

Bachelor's in Teacher Education and Professional Development, Specific Levels and Methods
Private nonprofit college
Winona Lake, IN
About 22 graduates a year

College Scorecard June 2026 release · BLS wages May 2025

The short answer

Grace College and Theological Seminary teacher education graduates earn about what teacher education graduates earn nationally, $41,955 in their first year. Where this program stands out is debt. The typical graduate leaves with $15,250 in federal loans, less than at 94% of teacher education programs in the country. Strong value, but not one of the highest-paying teacher education degrees in Indiana.

First-year earnings$41,95550th percentile of 655 programs nationally

Median federal debt$15,250The lowest of 25 Indiana programs

Debt-to-earnings36%Indiana median 60%, national 61%

How it compares

Each figure is the median for graduates of the program. The Indiana and national columns are the medians across all teacher education bachelor's programs that report the figure.

	Grace College and Theological Seminary	Indiana	National
Earnings, 1 year after graduating	$41,955	$43,913	$41,955
Median federal debt at graduation	$15,250	$25,885	$26,075
Debt as share of first-year pay	36%	60%	61%
Programs compared		26	655

Debt and first-year pay at every Indiana teacher education program

Programs in the upper left give graduates higher pay for less debt. Dashed lines mark the Indiana medians.

Grace College and Theological SeminaryOther Indiana programs

Hover over or tap a dot to see the school. Only programs that report both earnings and debt are shown.

Paying back the loans

On a standard 10-year plan, the median debt means a payment of about $162 a month, or 4.6% of a graduate's typical monthly pay in the first year.

Where graduates work, and what the pay is worth

84% of graduates (16 of 19) 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 $41,955 salary here buys what about $47,323 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 teacher education, largest first. Pay is the median across all experience levels.

Elementary School Teachers, Except Special Education

$59,700

Median pay in Indiana. 27,720 people work in this job in Indiana. Nationally, jobs are projected to stay about the same in number from 2025 to 2035, with about 87,500 openings a year. Typical education to start: bachelor's degree.

Bottom 10%: $47,330Top 10%: $77,730

Secondary School Teachers, Except Special and Career/Technical Education

$61,880

Median pay in Indiana. 20,430 people work in this job in Indiana. Nationally, jobs are projected to stay about the same in number from 2025 to 2035, with about 63,500 openings a year. Typical education to start: bachelor's degree.

Bottom 10%: $48,300Top 10%: $95,070

Middle School Teachers, Except Special and Career/Technical Education

$60,700

Median pay in Indiana. 11,700 people work in this job in Indiana. Nationally, jobs are projected to stay about the same in number from 2025 to 2035, with about 38,800 openings a year. Typical education to start: bachelor's degree.

Bottom 10%: $47,720Top 10%: $79,750

Preschool Teachers, Except Special Education

$36,650

Median pay in Indiana. 7,110 people work in this job in Indiana. Nationally, jobs are projected to grow 5% from 2025 to 2035, with about 66,700 openings a year. Typical education to start: associate's degree.

Bottom 10%: $28,720Top 10%: $50,920

About Grace College and Theological Seminary

Tuition and fees	$31,200 / year
Average net price after aid	$19,932 / year
Admission rate	82%
Graduation rate (within 6 years)	69%
Undergraduate students	1,464

Teacher Education ranks 3rd 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 teacher education bachelor's programs near Winona Lake

School	Distance	Year 1 pay	Debt
Grace College and Theological SeminaryWinona Lake, IN · private nonprofit		$41,955	$15,250
Bethel University (Indiana)Mishawaka, IN · private nonprofit	37 mi	$44,583	$27,000
IU South BendSouth Bend, IN · public	37 mi	$43,128	$26,000
Purdue Fort WayneFort Wayne, IN · public	37 mi	$41,090	$25,834
Saint Mary's CollegeNotre Dame, IN · private nonprofit	40 mi	$41,286	$27,000
Indiana Wesleyan University-MarionMarion, IN · private nonprofit	50 mi	$41,318	$24,739
IU KokomoKokomo, IN · public	55 mi	$40,553	$25,885
Taylor UniversityUpland, IN · private nonprofit	56 mi	$45,389	$25,000

Common questions

The median graduate earns $41,955 one year after graduating. The median across teacher education bachelor's programs in Indiana is $43,913.

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 teacher education 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

Teacher Education bachelor's programs in Indiana, ranked26 programs by pay and debt Teacher Education bachelor's programs in the US, ranked655 programs by pay and debt All Grace College and Theological Seminary programs, ranked8 programs by pay and debt