For the academic year 2022-2023, total 419 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 1,715 students (98% of all students) received grants or scholarships and the average grant amount is $35,965. In addition, 1,128 students received student loans and the average loan amount is $6,486.
Below tables show the number and amount by source of financial aid at Luther College.
For all undergraduate students, total 1,715 students (98% of all students) received grants or scholarships and the average grant amount is $35,965. In addition, 1,128 students received student loans and the average loan amount is $6,486.
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 |
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