Cost Details
- In-State Tuition
- $50,320
- Out-of-State Tuition
- $50,320
- Average Net Price
- $25,635
- Students Receiving Financial Aid
- 19.3%
- Room & Board (On Campus)
- $11,180
- Room & Board (Off Campus)
- $11,180
- Books & Supplies
- $1,040
- Total Cost of Attendance
- $62,540
- Median Debt at Graduation
- $27,000
- Estimated Monthly Loan Payment
- $286/mo
- Loan Repayment Rate
- 82.6%
- Students Taking Federal Loans
- 60.4%
- Pell Grant Recipients
- 19.3%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $16,937 |
| $30,001 – $48,000 | $17,977 |
| $48,001 – $75,000 | $22,180 |
| $75,001 – $110,000 | $25,995 |
| $110,001+ | $31,047 |
Cost Estimator
Cost Overview
Most families pay around $25,635 annually at Luther College, far below the $62,540 sticker price. Low-income families pay just $16,937 per year, while those earning over $110,000 pay $31,047. Over four years, expect to spend between $68,000 and $124,000 depending on your family's income.
The typical graduate leaves with $27,000 in debt, translating to $286 monthly payments. With median earnings of $59,850 ten years out, loan payments represent about 5.7% of gross income. The 82.6% loan repayment rate suggests most graduates manage their debt successfully. Only 19% of students receive Pell Grants, indicating Luther attracts predominantly middle and upper-middle class families.
The best deal goes to lower-income students who qualify for substantial need-based aid and high earners who can afford the full cost without borrowing.
The typical graduate leaves with $27,000 in debt, translating to $286 monthly payments. With median earnings of $59,850 ten years out, loan payments represent about 5.7% of gross income. The 82.6% loan repayment rate suggests most graduates manage their debt successfully. Only 19% of students receive Pell Grants, indicating Luther attracts predominantly middle and upper-middle class families.
The best deal goes to lower-income students who qualify for substantial need-based aid and high earners who can afford the full cost without borrowing.
Official Net Price Calculator
Get a personalized cost estimate from Luther College:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.