Grace College & Seminary is an evangelical Christian community of higher education which applies biblical values in strengthening character, sharpening competence, and preparing for service. The institution of higher education is located in Winona Lake, Indiana. Its five divisions, or "schools," are located on the grounds of the main campus: The School of Arts and Sciences, The School of Behavioral Sciences, The School of Business, The School of Ministry Studies, and The School of Professional & Online Education (SPOE). Grace Theological Seminary, which began as the parent institution, now exists as part of the School of Ministry Studies and is also located on the Winona Lake campus under the direction of Jeffrey A. Gill. Since 2011, several commuter campuses have also started. While the college and seminary are historically affiliated with the Fellowship of Grace Brethren Churches, the student body and faculty of both institutions have diverse denominational backgrounds.
The institution began with the organization of Grace Theological Seminary under the leadership of Alva J. McClain in 1937. A two-year "undergraduate division" of the seminary was added in 1948 and has since transitioned into a four-year Liberal Arts college.
Alva J. McClain served as president until 1962, when he was succeeded by his colleague and fellow co-founder Herman A. Hoyt. He remained in this position until he retired in 1976, and was followed by then Dean of Grace Theological Seminary Homer Kent, Jr., who retained this position until his own retirement in 1986. Dr. John J. Davis then served in the position from 1986 to 1993. Ronald E. Manahan replaced Davis and led the institution until 2013 at which time William J. Katip, who had been Provost since 2007, replaced Manahan. New initiatives implemented in the fall of 2013 included an adjusted calendar in which each of the semesters were divided into two 8-week sessions.
For many years Grace College maintained a ministry to the incarcerated in Indiana at various correctional facilities throughout the state directed by Dr. John Teevan. However, due to legal changes in the state of Indiana, this ministry has transitioned to a GED program. The institution now manages the GED program for five correction facilities in northern Indiana.
Since 2011, Grace College has added a satellite location in Indianapolis. This site is a commuter location that offers associates and bachelor's degree completion. It is located at 96th and Meridian on the North side of Indianapolis.
In 1994, the North Central Association of Colleges and Schools gave accreditation to Grace College and Seminary, thereby joining the two previously individually accredited institutions. Its counseling program is accredited by the Council for the Accreditation of Counseling and Related Educational Programs (CACREP) and the School of Business has accreditation through the International Assembly for Collegiate Business Education (IACBE). The institution is also a member of several organizations including the Council of Independent Colleges, the National Association of Independent Colleges and Universities, the Indiana Conference of Higher Education, the Independent Colleges and Universities of Indiana, and the Council for Christian Colleges and Universities. It is also approved by the Association of Christian Schools International. Grace College's School of Education also holds separate accreditation from the National Council for Accreditation of Teacher Education (NCATE) and is recognized as a REPA Approved Teacher Preparation Program by the Indiana Department of Education
Grace Theological Seminary has separately been awarded accreditation by the Association of Theological Schools in the United States and Canada.
The full-time tuition cost for the 2014-2015 school year was $24,670. In the fall of 2015, a program called "The Measure of Grace" caused full-time tuition to decrease to $22,450 (9% decrease). For every consecutive year a student attends, his or her tuition will decrease by $500. Textbook rentals will also be free for all students.
Grace College has a total of 21 buildings on its 165-acre campus. Eleven of these buildings are residence halls, with the Lancer lofts and the Lodge being as the most recent additions.
The college newspaper, The Sounding Board, is published biweekly. Dr. Paulette Sauders, who chairs Grace's department of Languages, Literature, and Communication, serves as the paper's faculty adviser.
Grace College students attend chapel sessions from 10:30 to 11:20 a.m. on Wednesdays, Thursdays, and Fridays in the Manahan Orthopaedic Capital Center on campus.
Grace College sponsors 15 intercollegiate sports. Their students compete as "Lancers" with their mascot, Sir Red, cheering them on. The college is a member of the National Association of Intercollegiate Athletics (NAIA) Division 1, and competes in the Crossroads League, formerly known as the Mid-Central College Conference (MCCC). Men's sports include baseball, basketball, cross country, soccer, tennis, and track & field; while women's sports include basketball, cross country, golf, soccer, softball, tennis, track & field, and volleyball.
Grace's men's basketball squad, coached by Jim Kessler, won the NAIA Division II men's championship in 1992, and in 2013, advanced to the Final Four. On October 31, 2014, Coach Kessler achieved his 700th career coaching win.