by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Luther College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does Luther provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Luther College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Luther College, 100% of entering full-time freshmen got some type of financial assistance some 352 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $40,917 |
| Institutional grants & scholarships | 100% | $38,261 |
| Federal Pell grants | 23% | $5,832 |
| State/local grants | 12% | $7,355 |
| Federal student loans | 64% | $5,379 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Luther, some 99% of undergraduate students received gift aid averaging $37,459 (among about 1446 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $37,459 |
| Federal Pell grants | 20% | $5,470 |
| Federal student loans | 65% | $6,612 |
On-campus students receiving title-IV aid were awarded grants averaging $42,364.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,403 |
| $30,001 – $75,000 | $20,703 |
| Over $75,000 | $29,681 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,097 |
| Off-campus title-IV students | $25,635 |
For a personalized estimate based on your family’s financial situation, use Luther’s net price tool: luther.edu/admission-aid/cost-financial-aid/net-price-calculator.
Graduating students at Luther carry a median federal student debt of $22,200 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,200 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Luther.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,750 |
| 75th percentile | $30,000 |
| 90th percentile (highest-debt students) | $32,857 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $22,000 |
| Middle income | $21,875 |
| High income | $22,225 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,250 |
| Continuing-generation students | $21,500 |
The figure below distills the debt data into a single burden category for Luther.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Luther:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7386 |
| Total Stafford loan amount | $114,563,395 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $50,546 |
| Average GI Bill amount per recipient | $10,109 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.