Is Luther College worth it?
Decorah, IA · private-nonprofit
Verdict
Typical students pay $23,097 a year after aid, graduate with $27,000 in federal debt, and earn $49,541 six years after enrolling — an estimated monthly loan payment of $289, with a debt break-even of about 5.5 years.
Net price / year
$23,097
Admission rate
72%
Graduation rate
—
Median debt
$27,000
Earnings (6 yr)
$49,541
Earnings (10 yr)
$59,850
Est. monthly loan payment
$289
Loan-to-income ratio
55%
Debt break-even
5.5 years
How Luther College compares
FAQ
How much does it cost to attend Luther College?
The federal average net price after grants and scholarships is $23,097 a year. That figure reflects what a typical student actually pays after grants and scholarships, not the sticker price.
How much debt do Luther College graduates typically carry?
Students who complete a program at Luther College leave with a median federal debt of $27,000, based on the U.S. Department of Education's College Scorecard.
What do Luther College graduates earn?
Six years after enrolling, former students report median earnings of $49,541, drawn from federal tax records aggregated by the College Scorecard.
What is the graduation rate at Luther College?
Graduation rate data is not currently published for this school.
Is Luther College worth the debt?
Based on median debt and 6-year earnings, it would take roughly 5.5 years of 10% income allocation to pay off the typical debt load — compare that against your own expected major and career path before deciding.
Source: U.S. Department of Education College Scorecard.