Number Received Financial Aid (All Undergraduate)
1,715
Percent Received Financial Aid(All Undergraduate)
98%
Average Aid Amount
$35,965
Number Received Financial Aid (Freshmen)
419
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at Luther
For the academic year 2021-2022, a total of 1,715 students (98% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $35,965. For freshmen (Full-time, first-time degree-seeking undergraduate students), 419 students (100% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Luther College is $50,320, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 1,715 students (98% of all students) have received grants or scholarships and the average received aid amount is $35,965. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Luther College for all undergraduate students.
| 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 |
Beginning Students Financial Aid
a total of 419 beginning students (100% of all freshmen) have received any financial aid and 419 students (100% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Luther College.
| 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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