Cost varies significantly by family income. Use the breakdown below to estimate your net price.
Cost Calculator
What You'll Pay at Luther College
Select your family income to see your estimated cost
The Cost Formula
Tuition
$50K
+
Room
$11K
+
Books
$1,040
=
Sticker Price
$62,845
$50K+$11K+$1,040=$62,845
Your Family Income
Sticker
$62,845
−
Your Aid
$40,665
=
Net Price
$22,180
All Income Levels
Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
Luther College Cost of Attendance and Financial Aid Summary
Cost Category
Amount
Total Cost of Attendance (Sticker Price)
$62,845
Tuition and Fees
$50,320
Room and Board
$11,180
Books and Supplies
$1,040
Average Financial Aid (Grants and Scholarships)
-$37,210
Average Net Price (What Families Pay)
$25,635
Luther College Net Price by Family Income Level
Family Income
Net Price
$0–30k
$16,937
$30–48k
$17,977
$48–75k
$22,180
$75–110k
$25,995
$110k+
$31,047
Understanding Your Aid Package
Luther College has a sticker price of $62,845 per year, but most students pay significantly less after financial aid. The actual cost depends heavily on your family's income level.
Key Facts
Sticker price: $62,845/year
Average aid: $37,210 in grants & scholarships
$48–75K families pay: ~$22,180/year
Low-income families: Pay ~$16,937/year
19% of students receive Pell Grants
Financial Aid Profile
💰
19%
Pell Grant Recipients
Lower-income students receiving federal aid
🎓
13%
First-Generation Students
Parents without bachelor's degree
Get personalized cost estimates and assess whether borrowing makes sense.
How much students borrow and whether debt is manageable given outcomes.
Typical Debt
Median Student Debt$27,000
Range (25th–75th)$12,750 – $30,000
Median Parent PLUS Loans$33,698
Debt Manageability
0.45x
Debt-to-Earnings Ratio
Debt is well below typical first-year earnings — generally considered very manageable.
3-Year Default Rate0.0%
Return on Investment
How cost compares to graduate earnings and value added.
Median Earnings (10yr)
$59,850
vs $50,412 peer avg(+$9,438)
Earnings Growth
+21%
6 → 10 years post-graduation
Value Added
+$-13,666
8th percentile among peers
Earnings Range (10yr post-graduation)
$42,196
25th %ile
$82,716
75th %ile
Frequently Asked Questions about Luther College Cost & Financial Aid
Luther College's published tuition is $62,845 per year. However, after financial aid, the average student pays $22,180—a difference of $40,665.
Families earning under $30,000 pay an average net price of $16,937 at Luther College. 19% of students receive Pell Grants.
Luther College offers merit-based scholarships for academic achievement, in addition to need-based financial aid. Contact the financial aid office for specific scholarship opportunities.
The median debt for Luther College graduates is $27,000, resulting in estimated monthly payments of $286 over 10 years.
Even families earning over $110,000 pay an average net price of $31,047 at Luther College—still $31,798 less than the sticker price. Most families qualify for some form of aid.
