For the academic year 2022-2023, total 275 full-time, first-time students (66% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 1,128 students (65% of all students) have received federal student loans and the average loan amount is $6,486 at Luther College.
Below tables show the number and amount by source of financial aid at Luther College.
Below tables show the number and amount by source of financial aid at Luther College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,715 | 98% | $35,965 |
| Pell Grants | 307 | 18% | $4,585 |
| Federal Student Loans | 1,128 | 65% | $6,486 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 419 | 100% | - |
| Grants or Scholarship from All Sources | 419 | 100% | $35,441 |
| Federal Grants | 273 | 65% | $3,001 |
| Pell Grants | 72 | 17% | $4,653 |
| Other Federal Grants | 273 | 65% | $1,774 |
| State/Local Grants | 46 | 11% | $6,505 |
| Institutional Grants | 419 | 100% | $32,772 |
| Student Loans | 275 | 66% | $7,680 |
| Federal Student Loans | 273 | 65% | $5,357 |
| Other Student Loans | 41 | 10% | $15,849 |
What is the Loans to students?
Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally and privately sponsored loans. Does not include PLUS and other loans made directly to parents.
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