Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $10,863 and the average loan amount is $6,736. The average financial aid amount is 61.13% of tuition & fees (tuition & fees: $17,770).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid609 81%$6,615,287$10,863
Pell Grants171 23%$734,170$4,293
Federal Students Loans527 70%$3,549,772$6,736

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), 143 students have received one or more types of financial aid at Martin Luther College.
The average amount of federal, state, local or institutional grant aid is $8,222 and the average amount of student loans awarded to full-time first-time undergraduate students is $5,967.
The following table shows the financial data by type of aid at Martin Luther College.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid14399%--
Grant or scholarship aid143 99%$1,175,807$8,222
Federal Grants39 27%$185,017$4,744
Pell Grants39 27%$175,745$4,506
Other Federal Grants6 4%$9,272$1,545
State/Local Grants22 15%$132,357$6,016
Institutional Grants143 99%$858,433$6,003
Student Loans120 83%$716,065$5,967
Federal Student Loans119 82%$627,424$5,272
Other Student Loans11 8%$88,641$8,058