by our College Data Analytics TeamThis overview lays out the cost of attending Luther College, covering the cost range, projected degree costs, net price, debt at graduation, default rates, and aid distribution patterns.
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The full cost of attending Luther College is about $62,845.00 for a single academic year.
Here the cost is broken out three ways: no aid, average aid, and the aid a low-income student typically receives.
| Tuition and fees | $52,120.00 |
| + Room, board & other expenses | $10,725.00 |
| Total cost | $62,845.00 |
| That is 92% above the national average net price. |
| Total cost | $62,845.00 |
| − Grants and scholarships | −$42,364.00 |
| Net price | $20,481.00 |
| That is 38% below the national average net price. |
| Total cost | $62,845.00 |
| − Grants and scholarships | −$52,944.00 |
| Net price | $9,901.00 |
| That is 70% below the national average net price. | |
| Explore each piece on tuition and fees plus living costs. |
Cost of attendance here has been rising by roughly 3.7% per year, so the four-year total runs well above today’s cost. The detailed projections below compare a degree for a low-income aided student, an average-aid student, and a no-aid student. Loan figures amortise the projected total over ten years at 6.8%.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.7% | 3.7% | 3.7% |
| Freshman year | $10,266.00 | $21,236.00 | $65,161.00 |
| Senior year | $11,443.00 | $23,671.00 | $72,634.00 |
| Total 4-year net price | $43,390.00 | $89,755.00 | $275,410.00 |
| 10-year loan interest @ 6.8% | $16,530.00 | $34,194.00 | $104,921.00 |
| Total monthly payment | $499.00 | $1,033.00 | $3,169.00 |
| Total amount paid | $59,920.00 | $123,949.00 | $380,332.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.7% | 3.7% | 3.7% |
| Freshman year | $10,266.00 | $21,236.00 | $65,161.00 |
| Senior year | $10,644.00 | $22,018.00 | $67,563.00 |
| Total 2-year net price | $20,910.00 | $43,254.00 | $132,724.00 |
| 10-year loan interest @ 6.8% | $7,966.00 | $16,478.00 | $50,563.00 |
| Total monthly payment | $241.00 | $498.00 | $1,527.00 |
| Total amount paid | $28,876.00 | $59,733.00 | $183,287.00 |
Read more in the net price section below.
Net price reflects the true cost to attend after grant and scholarship aid is deducted. For most prospective students, net price gives a more realistic estimate than sticker tuition.
| Average net price (on-campus) | $23,097.00 |
| Average net price (off-campus) | $25,635.00 |
Net price is not the same for every family — it falls as financial need rises and grant aid increases. The table below shows the average net price by family-income bracket:
| Family income | Average net price |
|---|---|
| Under $30,000 | $16,937.00 |
| $30,000 to $48,000 | $17,977.00 |
| $48,001 to $75,000 | $22,180.00 |
| $75,001 to $110,000 | $25,995.00 |
| Over $110,000 | $31,047.00 |
Use Luther College Net Price Calculator, or check with the financial aid office.
For the grant-and-scholarship detail behind these figures, see the grants & scholarships detail.
The median amount borrowed by graduates of Luther College amounts to $22,200.00, which the Department of Education classifies as a Moderate ($20-30k) debt-burden category.
The full distribution of debt at graduation looks like this:
| Percentile | Debt at graduation |
|---|---|
| 10th | $5,500.00 |
| 25th | $12,750.00 |
| Median (50th) | $22,200.00 |
| 75th | $30,000.00 |
| 90th | $32,857.00 |
The 10th-to-90th-percentile spread is one signal of how variable debt outcomes are across the student body.
Explore borrowing, repayment, and default in detail on the student-loan-debt breakdown.
Family income tracks closely with debt at graduation. Below, debt is broken out by low, middle, and high family income:
| Family income | Median debt at graduation |
|---|---|
| Low income | $22,000.00 |
| Middle income | $21,875.00 |
| High income | $22,225.00 |
First-gen students typically face different financial-aid contexts than students whose parents attended college.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $23,250.00 |
| Continuing-generation students | $21,500.00 |
First-generation borrowers from Luther College leave with $1,750.00 in extra median debt compared with continuing-generation peers.
The Pell Grant is the largest federal grant for undergraduates from low-income families. Pell vs non-Pell comparisons surface how debt breaks down by need.
The Pell vs non-Pell debt gap at Luther College works out to $2,838.00. This institution is flagged by federal data for Pell-debt inequity.
The federal default-rate classification for Luther College is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 3.0% |
To give some context for these rates, Stafford loans disbursed at Luther College total $114,563,395.00 covering 7,386 student borrowers.
Veterans and current servicemembers may be eligible for major federal education benefits including the Post-9/11 GI Bill and Department of Defense Tuition Assistance.
| GI Bill recipients | 5 |
| Avg GI Bill amount | $10,109.00 |
Explore GI Bill and military aid in detail on the college veterans page.
Beyond the data above, it helps to ask a few questions when weighing Luther College, think through the questions below:
Use the pages below to go deeper on a specific part of the cost story:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.