Annual College Costs ( Fall 2006 )

Financial Aid Statistics

• Full-time freshman enrollment: 630
• Number who applied for need-based aid: 564
• Number who were judged to have need: 458
• Number who were offered aid: 458
• Number who had full need met: 182

• Average percent of need met: 90%
• Average financial aid package: $19,627
• Average need-based loan: $4,640
• Average need-based scholarship or grant award: $18,463
• Average non-need based aid: $8,563
• Average indebtedness at graduation: $18,504

Financial Aid Distribution

• Scholarships / grants: 66%
• Loans / jobs: 34%

Academic scholarship; $4,000-$14,000; based on class rank and SAT/ACT. National Merit Scholarship; $1,000-$2,000; depending on qualification. Diversity Enrichment Scholarship; $3,000-$5,000 awarded to students with broadly diverse and distinctive backgrounds. Church Matching Scholarship; up to $750; for students from member churches. Music scholarship; $1,000-$4,000, plus one scholarship that covers one credit hour of private instruction. Legacy Award; $1,000 for children of Luther College alumni. Competitive Nursing scholarship; $750-$1,000; determined by nursing faculty and strength of admission file. Modest art scholarship; $150-$500; determined by evaluation of portfolio.

Financial Aid Forms

Domestic first-year financial aid applicants must submit the following forms, if applicable:

• FAFSA
• Institution's own financial aid form

Contact Information

Financial Aid Office phone: (563) 387-1018

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