At its most basic level, a covenant is an oath-bound relationship between two or more parties. Thus, human covenants, like the one between married couples and parents and children, fall under this general definition. In divine covenants, God sovereignly establishes the relationship with His creatures. There are other nuances, but a divine covenant given after the fall is, fundamentally, one in which God binds Himself by His own oath to keep His promises.

The Covenant Scholarship provides tuition grants for students that desire and value an Alter High School, Catholic education. The primary goal is to provide financial assistance to those students and families who, without the grant, would otherwise be unable to afford Alter tuition.