Financial Aid at Luther
Financial Aid Amount Received
$34,426 (68.41% of tuition)
Percent of Financial Aid Received
99% of 1,610 students
1,593 undergraduate students (99% of all students) have received grants, scholarships, and/or federal student loans at Luther College. The percentage of students who received financial aid higher compared to Private (not-for-profit), 4-Years Colleges in Iowa.
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $34,426 and the average loan amount is $6,418. The average financial aid amount is 68.41% of tuition & fees (tuition & fees: $50,320).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 1,593 | 99% | $54,840,240 | $34,426 |
| Pell Grants | 310 | 19% | $1,438,821 | $4,641 |
| Federal Students Loans | 973 | 60% | $6,245,065 | $6,418 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 400 students have received one or more types of financial aid at Luther College.
The average amount of federal, state, local or institutional grant aid is $38,042 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,549.
The following table shows the financial data by type of aid at Luther College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 400 | 100% | - | - |
| Grant or scholarship aid | 400 | 100% | $15,216,722 | $38,042 |
| Federal Grants | 87 | 22% | $571,864 | $6,573 |
| Pell Grants | 82 | 21% | $393,063 | $4,793 |
| Other Federal Grants | 87 | 22% | $178,801 | $2,055 |
| State/Local Grants | 52 | 13% | $344,556 | $6,626 |
| Institutional Grants | 400 | 100% | $14,300,302 | $35,751 |
| Student Loans | 239 | 60% | $1,804,095 | $7,549 |
| Federal Student Loans | 238 | 60% | $1,237,744 | $5,201 |
| Other Student Loans | 42 | 11% | $566,351 | $13,485 |