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What is the average loan amount at Martin Luther College?

For the academic year 2022-2023, total 69 full-time, first-time students (46% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 279 students (35% of all students) have received federal student loans and the average loan amount is $6,046 at Martin Luther College.

Below tables show the number and amount by source of financial aid at Martin Luther College.
All Undergraduate Student Financial Aid at Martin Luther College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid65783%$9,742
Pell Grants18623%$3,824
Federal Student Loans27935%$6,046
Beginning Students (Freshmen) Financial Aid at Martin Luther College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid14999%-
Grants or Scholarship from All Sources14999%$6,301
Federal Grants4228%$3,932
Pell Grants4228%$3,694
Other Federal Grants64%$1,667
State/Local Grants1611%$6,751
Institutional Grants14898%$4,498
Student Loans6946%$7,185
Federal Student Loans6543%$4,991
Other Student Loans1711%$10,079

Know more about MLC

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