Number Received Financial Aid (All Undergraduate)
1,593
Percent Received Financial Aid(All Undergraduate)
99%
Average Aid Amount
$34,426
Number Received Financial Aid (Freshmen)
400
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at Luther
For the academic year 2023-2024, a total of 1,593 students (99% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $34,426. For freshmen (Full-time, first-time degree-seeking undergraduate students), 400 students (100% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Luther College is $52,120, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 1,593 students (99% of all students) have received grants or scholarships and the average received aid amount is $34,426. 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 | 1,593 | 99% | $34,426 |
| Pell Grants | 310 | 19% | $4,641 |
| Federal Student Loans | 973 | 60% | $6,418 |
Beginning Students Financial Aid
a total of 400 beginning students (100% of all freshmen) have received any financial aid and 400 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 | 400 | 100% | - |
| Grants or Scholarship from All Sources | 400 | 100% | $38,042 |
| Federal Grants | 87 | 22% | $6,573 |
| Pell Grants | 82 | 21% | $4,793 |
| Other Federal Grants | 87 | 22% | $2,055 |
| State/Local Grants | 52 | 13% | $6,626 |
| Institutional Grants | 400 | 100% | $35,751 |
| Student Loans | 239 | 60% | $7,549 |
| Federal Student Loans | 238 | 60% | $5,201 |
| Other Student Loans | 42 | 11% | $13,485 |
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