How much does it cost to attend Luther College?

In-State Sticker Price

$

Tuition$
Books and Supplies$
Other Fees$
Room and Board$
Other Expenses Budget$
Out-of-State Sticker Price

$

Tuition$
Books and Supplies$
Other Fees$
Room and Board$
Other Expenses Budget$

How much does it cost to attend Luther College and earn a bachelor’s degree?

In-state students pay an annual total price of $55,805 to attend the school on a full time basis. This includes the $42,290 for tuition, $1,040 for books and supplies, $340 for other fees, $3,015 for other expenses, and $9,460 for room and board.

Out of state residents are charged a higher rate. If you are an out-of-state resident, you can expect to pay $55,805 per year. This is 65.9% higher than the total in-state cost. This number includes the $41,950 for tuition as well as $1,040 for books and supplies, $340 for other fees, $9,460 for room and board, and $3,015 for other expenses.

Luther College Tuition and Fees

Net Price

$

Average Total Aid Awarded$
Students Receiving Financial Aid%
Net Price Calculatorwww.luther.edu
Net Price by Earnings
< $30k$
$31-48k$
$49-75k$
$76-110k$
$110k+$

The average net price of attending Luther College for one year in the fall 2018 academic year was $23,792 per year. This amount reflects what the average student who was eligible for a grant or a scholarship paid. The net price includes tuition, required fees, books and supplies costs, the cost for room and board, and other expenses.

Net price reflects what most people pay to attend Luther College when you factor in the grants and scholarships offered to students at the school. It's a useful statistic to use if you think you may be eligible for a grant or a scholarship. However, net price varies between family income and financial need.

The higher your income, the more likely you are to pay a premium price to attend Luther College. Those whose families earned under $30,000 per year paid an average amount of $17,555 per year as of fall 2018. Students whose families earned between $48,001 and $75,000, on the other hand, paid an average of $19,950 per year as of fall 2018 to attend Luther College.

Luther College Financial Aid

Type
Average per Student
Students Receiving
Annual Total Grant Aid
$
%
Pell Grant
$
%
Federal Student Loan
$
%

Luther College students are eligible for federal financial aid.

The average student who received financial assistance was given a package that totalled up to $28,051. Of those who applied, 97% received financial aid.

Financial aid packages consist of two parts: Pell Grants and federal student loans. Pell Grants are paid to qualifying students from low-income backgrounds and do not need to be repaid. Federal student loans are given to eligible students on an as-needed basis and must be repaid, with interest, within a certain period of time.

The average Pell Grant awarded to a student at Luther College who was granted one in the fall 2018 academic year was $4,195. Of those who applied for a Pell Grant, only 19% of students received one.

The average student who took out a federal student loan was given $7,460 in aid. Only 65% of students who applied for a federal loan had their application accepted.

Luther College Calculator - 4 Year Cost

Year
Iowa Residents
Non Residents
1
$
$
2
$
$
3
$
$
4
$
$
In-State Increase Rate%

Based on the current cost of tuition, as well as historical data, we predict that the total price you will pay for your education at Luther College would be $65,751 across four academic school years.

This assumes that you graduate within normal time, and that tuition increases by 6% each year. This percentage increase is based on historical data.

Luther College Credit Hour Cost and Price Per Class

Category
Price per Credit
3 Credit Class
4 Credit Class
In-State residents
$
$
$
Out-of-State residents
$
$
$

Luther College Student Loans

Example Loan Balance$
Stafford Loan Interest Rate%
Time to Pay Off Student Loan years
Example Monthly Payment$
Total Interest Paid$
Sum of All Loan Payments$

Student loans are an important part of any financial aid package. However, they can be quite complex to understand. To help you out, we have modeled what a ten-year student loan would look like with a balance of $192.

This balance is calculated by multiplying the average net price of studying at Luther College for a year by four. Our calculations therefore estimate what you would owe if you qualified for federal financial aid and used student loans to finance a large amount of your education.

We calculate that, using the Stafford Loan interest rate of 4.5%, you would pay $2,072 per month for a period of ten years. Ten years reflects the normal length of a federal student loan. In total, you would have paid $17,302.29 in interest, and the sum of all your loan payments would be $99450.56 once your loan had been paid off.

This projection is not relevant if you finance your education using private loans, which typically come with higher interest rates.

Luther College Tuition Payment Plans

Tuition Payment PlanNo
Prepaid Tuition PlanNo
Alternative Tuition PlanNo
Guaranteed Tuition PlanNo

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