by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
What amount of Luther financial assistance will actually be available to you?Get answers to your questions here.
Luther College average financial aid offer for freshmen students is $32,594.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Luther College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers listed below make reference to help that is offered by Luther College.
100% of new students (527 total) were given scholarships at Luther College, averaging $30,129.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 82% of first-year students (432 total) got federal grant aid, averaging $2,290.00 per person.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.49% | $36,047.00 |
| Income 30k-48k | 7.59% | $37,732.00 |
| Income 48k-75k | 12.52% | $34,623.00 |
| Income 75k-110k | 14.42% | $31,096.00 |
| Income 110k + | 26.94% | $29,138.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 527 undergraduate students at Luther College around 100% (527 total) receive some form of grant aid. The typical amount awarded was $32,594.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.