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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 2011.
For that period, the average number of students who received grants aid/scholarships is 2,117, which is 97.73 % of all undergraduate students. 1,442 students which is 66.36% of undergraduate students received federal student loans and the average loan amount is $7,024.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-122,426 (98%)$19,658488 (20%)$3,8271,768 (72%)$8,394
2012-132,395 (97%)$21,146477 (19%)$3,7971,700 (69%)$7,121
2013-142,394 (97%)$22,180455 (18%)$3,8351,649 (67%)$7,163
2014-152,315 (97%)$23,683445 (19%)$3,9921,627 (68%)$7,183
2015-162,282 (98%)$25,013412 (18%)$4,0451,550 (66%)$7,059
2016-172,116 (98%)$26,126391 (18%)$4,0841,444 (67%)$7,085
2017-182,001 (97%)$28,051393 (19%)$4,1951,331 (65%)$7,460
2018-191,955 (98%)$30,412358 (18%)$4,3681,284 (64%)$6,543
2019-201,908 (98%)$32,160393 (20%)$4,2381,225 (63%)$6,384
2020-211,785 (99%)$33,568361 (20%)$4,2991,157 (64%)$6,383
2021-221,715 (98%)$35,965307 (18%)$4,5851,128 (65%)$6,486
Average2,117 (97.73%)$27,087407 (18.82%)$4,1151,442 (66.36%)$7,024

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

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 551 (100.00 % of students) received grants or scholarships and its average amount is $27,768. It can cover 55.18% of tuition & fees ($50,320).
In addition, 376 (68.18 % of students) students get helped from the students loans (average amount : $8,200).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12627 (100%)$20,405453 (72%)$6,613
2012-13641 (100%)$21,692441 (68%)$8,118
2013-14625 (100%)$22,768431 (69%)$8,254
2014-15558 (100%)$24,650419 (75%)$8,343
2015-16623 (100%)$25,761410 (66%)$8,472
2016-17519 (100%)$26,533350 (67%)$8,720
2017-18516 (100%)$29,357335 (65%)$8,788
2018-19554 (100%)$31,966363 (66%)$8,943
2019-20527 (100%)$32,594347 (66%)$8,440
2020-21452 (100%)$34,281315 (70%)$7,832
2021-22419 (100%)$35,441275 (66%)$7,680
Average551 (100.00%)$27,768376 (68.18%)$8,200
*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.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 113 (20.45 % of students) received Pell (federal) grants and its average amount is $4,223.
In addition, 70 students received State/local government grants/scholarships (12.45 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12134 (21%)$3,970137 (22%)$1,80097 (15%)$3,770627 (100%)$18,580
2012-13115 (18%)$3,810118 (18%)$1,73679 (12%)$3,939641 (100%)$20,203
2013-14130 (21%)$3,987135 (22%)$1,73488 (14%)$4,218625 (100%)$20,970
2014-15121 (22%)$4,291126 (23%)$1,58992 (16%)$4,496558 (100%)$22,620
2015-16120 (19%)$4,066121 (19%)$1,57276 (12%)$5,340623 (100%)$24,021
2016-17101 (19%)$4,527102 (20%)$2,07652 (10%)$5,935519 (100%)$24,650
2017-18114 (22%)$4,369116 (22%)$1,86958 (11%)$5,947516 (100%)$27,303
2018-19110 (20%)$4,481112 (20%)$1,87960 (11%)$5,862554 (100%)$30,061
2019-20129 (24%)$4,133432 (82%)$1,05659 (11%)$5,258527 (100%)$30,129
2020-21100 (22%)$4,162416 (92%)$1,07162 (14%)$5,345452 (100%)$31,642
2021-2272 (17%)$4,653273 (65%)$1,77446 (11%)$6,505419 (100%)$32,772
Average113 (20.45%)$4,223190 (36.82%)$1,65170 (12.45%)$5,147551 (100.00%)$25,723
*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..
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 12 years, on average, 376 (68.18 % of students) get any students loan help and its average loan amount is $376.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12453 (72%)$6,613452 (72%)$6,31077 (12%)$1,865
2012-13441 (68%)$8,118441 (68%)$6,69960 (9%)$10,428
2013-14431 (69%)$8,254429 (68%)$6,63159 (9%)$12,084
2014-15419 (75%)$8,343417 (75%)$6,86258 (10%)$10,937
2015-16410 (66%)$8,472406 (65%)$6,66373 (12%)$10,525
2016-17350 (67%)$8,720347 (67%)$6,61856 (11%)$13,488
2017-18335 (65%)$8,788332 (64%)$6,92951 (10%)$12,624
2018-19363 (66%)$8,943363 (66%)$5,352248 (45%)$5,256
2019-20347 (66%)$8,440340 (65%)$5,165228 (43%)$5,142
2020-21315 (70%)$7,832314 (69%)$5,29259 (13%)$13,652
2021-22275 (66%)$7,680273 (65%)$5,35741 (10%)$15,849
Average376 (68.18%)$8,200374 (67.64%)$6,17192 (16.73%)$10,168

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