In average, 100% of full-time first-time beginning undergraduate students (freshmen) have received grants and/or scholarships at Luther vs Mount Mercy. The average financial aid amount received is $33,335. For all undergraduate students, 93.00% received grants/scholarship and the average aid amount is $29,882
The average tuition & fees for the schools is - for state residents and $46,499 for out-of-state students. The average cost of attendance (COA) including tuition & fees, book & supplies, and living costs for Luther vs Mount Mercy is $63,192 and, after receiving financial aid, the actual cost is down to $29,857.
Luther vs Mount Mercy: Financial Aid Comparison
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Financial Aid Comparison Table
| School Name | Tuition & Fees |
Beginning Undergraduate Students (Freshmen) | All Undergraduate Students |
|---|
| Percent Receiving Aid | Average Amounts | Percent Receiving Aid | Average Amounts |
|---|
|
Luther CollegeDecorah, IA | $52,120 | 100.00% | $38,042 | 99.00% | $34,426 |
|---|
|
Mount Mercy UniversityCedar Rapids, IA | $40,878 | 100.00% | $28,628 | 87.00% | $25,337 |
|---|
| Average | $46,499 (-) | 100% | $33,335 |
93% | $29,882 |
|---|
*The tuition data is updated with academic year 2024-2025 data from IPEDS (Integrated Postsecondary Education Data System) (Last Update: January 2, 2025). The financial aid information is based on the IPEDS data for the academic year 2024-2025.