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Luther College – Tuition & Success Analysis

Decorah, IA

Luther College – Snapshot

Four-Year Private University

Undergraduate Enrollment: 2,121

Average annual cost of attendance: $24,612

(National Median: $15,523)

Median student debt for loan recipients: $27,000

Campus Setting: Town

Religious Affiliation: Evangelical Lutheran Church

Visit the Luther College Website

Luther College Tuition based on Family Income

For a family income of $0 to $30,000 the average cost is $17,762

For a family income of $30,001 to $48,000 the average cost is $20,199

For a family income of $48,001 to $75,000  the average cost is $22,099

For a family income of $75,001 to $110,000  the average cost is $25,213

For a family income above $110,000 the average cost is $28,416

The “average cost” shown here is a NET cost and reflects the tuition cost after financial aid is taken into account, as reported by Luther College. This average is based on the students who receive grant or scholarship aid. In-state tuition is used for public schools.

Visit the Luther College
Financial Aid Website

Luther College Graduate Success

Graduation rate: 78%

(National Median: 49%)

Students returning after first year: 84%

(National Median: 68%)

Median annual earnings (10 years after first attending): $47,400

(National Median: $33,028. The salary data measures salaries of students who received federal student aid. The Salary data does not break down earnings or graduation rates by major, or by state—an important consideration, since salaries can vary widely depending on geographical region. )

Percentage earning above a high school graduate (6 years after first enrolled): 71%

Luther College Admissions

Luther College Acceptance Rate: 68%

Half of the recent accepted students had test scores in the range of:

SAT Math: 480 to 625

SAT Critical Reading: 448 to 573

SAT Writing: 480 to 610

ACT English: 22 to 29

ACT Math: 22 to 28

ACT Writing: N/A to N/A

Twenty-five percent of students accepted to Luther College actually performed better than the range reported above.  Another twenty-five percent had scores below the reported range.

Luther College Student Debt

Percentage of students awarded Pell Grants: 18%

Percentage of students receiving federal student loans: 66%

Typical student debt: $27,000

Typical monthly loan payment: $287

Before you take out student loans, make sure you have exhausted your scholarship search.  We have over 3 billion dollars of scholarships listed on our site.  There’s plenty of money available to help fund your education.

Scholarships for Students Residing in Iowa

Other Scholarships for Students Attending Luther College

Majors at Luther College

These are the most popular areas of study offered at Luther College:

  • Area, Ethnic, Cultural, Gender, and Group Studies – 1%
  • Biological and Biomedical Sciences – 13%
  • Business, Management, Marketing, and Related Support Services – 10%
  • Communication, Journalism, and Related Programs – 5%
  • Computer and Information Sciences and Support Services – 2%
  • Education – 6%
  • English Language and Literature/Letters – 4%
  • Foreign Languages, Literatures, and Linguistics – 4%
  • Health Professions and Related Programs – 6%
  • History – 3%
  • Mathematics and Statistics – 4%
  • Multi/Interdisciplinary Studies – 2%
  • Natural Resources and Conservation – 3%
  • Parks, Recreation, Leisure, and Fitness Studies – 1%
  • Philosophy and Religious Studies – 3%
  • Physical Sciences – 2%
  • Psychology – 9%
  • Public Administration and Social Service Professions – 2%
  • Social Sciences – 8%
  • Visual and Performing Arts – 14%

For more information about the various majors at Luther College, visit their website.

Luther College Diversity

Overall Composition at Luther College

Percentage of Undergraduate Students who attend Luther College full time:  99%

Percentage of Undergraduate Students who attend Luther College part time:  1%

Percentage of Undergraduate Students who are twenty-five years old, or older at Luther College:  1%

Racial Diversity Composition

American Indian/Alaska Native: 0%

Asian: 2%

Black: 2%

Hispanic: 5%

Native Hawaiian/Pacific Islander: 0%

Non-resident alien: 7%

Two or more races: 2%

Unknown: 0%

White: 82%

Luther College Success Ratios

TUN ratios to help compare schools

Earnings to Debt Ratio: 1.8

The median earnings 10 years after start of attending school divided by the median federal debt of borrowers who graduated. TUN found an average of 2.5 based on data of 3,210 schools.

Earnings to Tuition Ratio: 1.9

The median earnings 10 years after start of attending school divided by the average annual cost of attendance that financial aid recipients incurred.  TUN found an average of 3.0 based on data of 3,337 schools.

Monthly Liquidity Ratio: 13.8

The median monthly gross earnings 10 years after start of attending school divided by the median monthly debt payment that borrowers who graduated experience with a 10-year repayment schedule. TUN found an average of 19.3 based on data of 3,210 schools.

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