Luther College

Decorah, IA, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$25,273
Calculate your net cost
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$42,290
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state’s or institution’s residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$42,290
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$9,460
Books and Supplies
$1,040
Tuition Payment Plan
Yes
Financial Aid: visit page
Financial Aid Email: finaid@luther.edu

Aid & Grants

0
100
94%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
18%
Average Aid Per Year
$26,533
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
18%
Average Federal Grant Aid Per Year
$6,559
Average Institution Grant Aid Per Year
$24,650
Students receiving state aid
10%
Average State Grant Aid Per Year
$5,935
Students receiving federal aid
20%
Average Federal Grant Aid Per Year
$6,559
Average Grant & Scholarship By Family Income
Income
Average Amount
< $30k
$34,057
$30k - $48k
$33,484
$48k - $75k
$30,717
$75k - $110k
$26,824
$110k+
$23,202
Total Non-Need-Based Scholarships/Grants
$14,272,500

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
67%
Average Loan Amount Per Year
$8,720
Students receiving federal loans
67%
Average Federal Loans Per Year
$6,618
Average Other Loans Per Year
$13,488
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$26,193
Loan Default Rate
3%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$287

What Students Are Saying

4.08 Average Rating
While it looks to be on the pricier side, there are many scholarships and financial aid opportunities, and it is such a wonderful place to be that you wouldn't want to spend a penny elsewhere-- the experience is so amazing!
Emily from River Falls, WI
Although the sticker price for Luther College may seem very big, the financial services are very useful and very good at finding grants and scholarships for students in need. Most students that attend Luther College for less than the cost of attending a public school. With the amount that the students do pay, Luther uses that money wisely on the students by providing the best meals, performances, dorms, security they can find.
Alexandra from Cedar Falls, IA
For the price, you get a fantastic experience. Definitely apply for scholarships! Financial aid is willing to work with you so that you get the financial assistance you need.
Jennifer from Saint Paul, MN
Yeah, it's a private college, so of course the initial sticker price is going to be shocking; however, because it is a private school, they are able to offer more financial aid, unlike a large state university. The dorms are in good condition and have a more homey feel (i.e. they don't look like a prison cell). The food is great, the professors are helpful and knowledgeable, and the overall vibe of the campus is very welcoming.
Jessica from Prior Lake, MN
Unless you have a wealthy relative, Luther is not the place for kids who barely survived high school. This college takes its role as a bridge to adulthood seriously by making sure people who are ready to become adults do so. This is done by providing deserving students with stunning financial aid packages, even blurring the scholarship lines in places so that those who plan on getting the full experience miss out on nothing.
matt from Rochester, MN
Luther is one of the most expensive colleges in the state of Iowa, but you get your money's worth. Luther will do everything it can to get you out of here in four years. They have all the resources needed to get through college in four years, all the student has to do is apply himself or herself.
Nathan from Decorah, IA
This college is totally worth every penny! Plus, they offer lots of financial aid for the ones who are accepted. I don't think I know of any other college who really satisfies someone like this one. I invite all who are willing to work hard at everything they do here! Welcome!
Martin from Decorah, IA
Despite the cost it is one of the best liberal arts colleges in the state and definitely worth the price tag.
Douglas from Humboldt, IA

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