Martin Luther College

Martin Luther College's published cost of attendance is $29,250. Net price by income band shows meaningful variation: low-income families pay approximately $11,233, middle-income families pay around $12,811, and higher-income families pay approximately $22,952.

Azimuth ranks Martin Luther College #393 for post-graduation affordability among nonprofit four-year institutions. Net prices by income band are medians within those bands; individual aid packages vary, so some families in each band pay more and some less than the figures shown.

Martin Luther College's aid structure is need-based, with financial aid distributed through federal (Pell Grants, Direct Loans), state, and institutional programs. Families apply using the FAFSA to determine eligibility and aid packages.

The college participates in federal work-study, which may be included as part of the aid package for qualifying students. Median federal student loan debt at graduation is $20,177, and families using Parent PLUS borrow a median of $10,226; private or institutional loans may add further borrowing that falls outside these federal-only figures — see the [Parent PLUS risk framework](/analysis/ou-what-happens-when-parents-borrow-too/) for how household context shapes PLUS decisions.

For a graduate at the institution's median four-year earnings of $49,182, median federal debt of $20,177 projects to a monthly payment of about $228 under standard ten-year repayment. For personalized projections across earnings scenarios — including Parent PLUS planning — use [Azimuth's Financial GPS tool](/analysis/financial-gps-framework/).

Graduates of Martin Luther College earn median 4-year earnings of $49,182, placing Martin Luther College in the 9.8 percentile for median earnings four years after enrollment among nonprofit four-year institutions. That figure runs below the $57,042 median at comparable institutions.

Azimuth ranks Martin Luther College #854 for return on investment among nonprofit four-year institutions. The earnings pattern reflects the institution's dominant focus on teacher preparation and ministry fields, which typically lead to stable but moderate early-career compensation.

Martin Luther College's program portfolio centers on education and religious studies. Teacher Education is the largest program with 79 graduates earning median 4-year earnings of $56,435, representing 1.2x the national benchmark for the field.

The Theological and Ministerial Studies program graduates 51 students earning median 4-year earnings of $39,949, at 0.9x the national benchmark. Subject-Specific Teacher Education and Education, Other round out the core offerings, both anchored in fields where graduates typically enter public service or faith-based work.

These outcomes align with Martin Luther College's mission-driven focus: graduates pursue careers in education, ministry, and community service rather than higher-paying corporate or technical fields, a choice that shapes the institution's overall earnings profile relative to peers.

Martin Luther College's program mix is anchored in teacher education and preparation fields, reflecting the institution's historical mission as a Lutheran teacher-training college. Teacher Education is the largest program with 79 graduates annually, followed by Theological and Ministerial Studies with 51 graduates, Subject-Specific Teacher Education with 30 graduates, and Education, Other with 6 graduates.

Across 0 ranked programs serving roughly 166 students annually, the institution's program portfolio concentrates in education and related preparation pathways. The earnings pattern reflects the education-focused mission.

Teacher Education leads with median 4-year earnings of $56,435 among 79 graduates, while Theological and Ministerial Studies delivers median 4-year earnings of $39,949 across 51 graduates. These outcomes reflect the stable, in-demand nature of education and related professional fields in the Midwest labor market, where teacher shortages and school-district hiring create consistent pathways for graduates.

Education represents 69% of the institution's degree output, anchoring Martin Luther College's identity as a specialized educator-preparation institution. This concentration in education-adjacent fields means four-year earnings reflect direct-to-workforce pathways where graduates enter teaching, school administration, and related roles immediately after degree completion.

The [supply and demand for college graduates](/analysis/supply-demand-map-college-degrees/) provides context for how teacher-preparation fields align with regional and national labor-market demand.