How Luther's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Luther College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,052, which is 97.78 % of all undergraduate students. 1,377 students which is 65.44% of undergraduate students received federal student loans and the average loan amount is $6,861.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,394 (97%)	$22,180	455 (18%)	$3,835	1,649 (67%)	$7,163
2014-15	2,315 (97%)	$23,683	445 (19%)	$3,992	1,627 (68%)	$7,183
2015-16	2,282 (98%)	$25,013	412 (18%)	$4,045	1,550 (66%)	$7,059
2016-17	2,116 (98%)	$26,126	391 (18%)	$4,084	1,444 (67%)	$7,085
2017-18	2,001 (97%)	$28,051	393 (19%)	$4,195	1,331 (65%)	$7,460
2018-19	1,955 (98%)	$30,412	358 (18%)	$4,368	1,284 (64%)	$6,543
2019-20	1,908 (98%)	$32,160	393 (20%)	$4,238	1,225 (63%)	$6,384
2020-21	1,785 (99%)	$33,568	361 (20%)	$4,299	1,157 (64%)	$6,383
2021-22	1,715 (98%)	$35,965	307 (18%)	$4,585	1,128 (65%)	$6,486
Average	2,052 (97.78%)	$28,573	391 (18.67%)	$4,182	1,377 (65.44%)	$6,861

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 533 (100.00 % of students) received grants or scholarships and its average amount is $29,261. It can cover 58.15% of tuition & fees ($50,320).

In addition, 361 (67.78 % of students) students get helped from the students loans (average amount : $8,386).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	625 (100%)	$22,768	431 (69%)	$8,254
2014-15	558 (100%)	$24,650	419 (75%)	$8,343
2015-16	623 (100%)	$25,761	410 (66%)	$8,472
2016-17	519 (100%)	$26,533	350 (67%)	$8,720
2017-18	516 (100%)	$29,357	335 (65%)	$8,788
2018-19	554 (100%)	$31,966	363 (66%)	$8,943
2019-20	527 (100%)	$32,594	347 (66%)	$8,440
2020-21	452 (100%)	$34,281	315 (70%)	$7,832
2021-22	419 (100%)	$35,441	275 (66%)	$7,680
Average	533 (100.00%)	$29,261	361 (67.78%)	$8,386

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 111 (20.67 % of students) received Pell (federal) grants and its average amount is $4,297.

In addition, 66 students received State/local government grants/scholarships (12.22 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	130 (21%)	$3,987	135 (22%)	$1,734	88 (14%)	$4,218	625 (100%)	$20,970
2014-15	121 (22%)	$4,291	126 (23%)	$1,589	92 (16%)	$4,496	558 (100%)	$22,620
2015-16	120 (19%)	$4,066	121 (19%)	$1,572	76 (12%)	$5,340	623 (100%)	$24,021
2016-17	101 (19%)	$4,527	102 (20%)	$2,076	52 (10%)	$5,935	519 (100%)	$24,650
2017-18	114 (22%)	$4,369	116 (22%)	$1,869	58 (11%)	$5,947	516 (100%)	$27,303
2018-19	110 (20%)	$4,481	112 (20%)	$1,879	60 (11%)	$5,862	554 (100%)	$30,061
2019-20	129 (24%)	$4,133	432 (82%)	$1,056	59 (11%)	$5,258	527 (100%)	$30,129
2020-21	100 (22%)	$4,162	416 (92%)	$1,071	62 (14%)	$5,345	452 (100%)	$31,642
2021-22	72 (17%)	$4,653	273 (65%)	$1,774	46 (11%)	$6,505	419 (100%)	$32,772
Average	111 (20.67%)	$4,297	204 (40.56%)	$1,624	66 (12.22%)	$5,434	533 (100.00%)	$27,130

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 361 (67.78 % of students) get any students loan help and its average loan amount is $361.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	431 (69%)	$8,254	429 (68%)	$6,631	59 (9%)	$12,084
2014-15	419 (75%)	$8,343	417 (75%)	$6,862	58 (10%)	$10,937
2015-16	410 (66%)	$8,472	406 (65%)	$6,663	73 (12%)	$10,525
2016-17	350 (67%)	$8,720	347 (67%)	$6,618	56 (11%)	$13,488
2017-18	335 (65%)	$8,788	332 (64%)	$6,929	51 (10%)	$12,624
2018-19	363 (66%)	$8,943	363 (66%)	$5,352	248 (45%)	$5,256
2019-20	347 (66%)	$8,440	340 (65%)	$5,165	228 (43%)	$5,142
2020-21	315 (70%)	$7,832	314 (69%)	$5,292	59 (13%)	$13,652
2021-22	275 (66%)	$7,680	273 (65%)	$5,357	41 (10%)	$15,849
Average	361 (67.78%)	$8,386	358 (67.11%)	$6,097	97 (18.11%)	$11,062

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Scholarships, Grants, and Loan Trends at Luther

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time