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EarningsPlus
Economic score
Luther College is a private liberal arts college located in Decorah, Iowa. Luther College is very inclusive in their admissions.
Return on educational investment at Luther College is in the bottom 50% of all ranked schools. The median student earns $51,981 10 years after enrolling, 10th in Iowa, and in the top 50% nationally. When adjusted for earning differences by major, Luther College bachelor students earn 6% more than the national average. Luther College is ranked 11th in Iowa.
Luther College’s median net annual cost of $25,538 and average years to graduate of 4.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Luther College sorted by number of graduates - Registered Nursing, Business Administration, Biology, Music, Social Work, Poli Sci/Government - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$25,538
Average years to graduate
4.3
Computer Science
Rank: #110
Economic score: 1.48
Accounting
Rank: #196
Economic score: 2.28
Mathematics
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 3.41
Economics
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 4.55
Comms & Media Studies
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 5.17
Education
Rank: #258
Economic score: 6.54
Health & Fitness
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 7.14
Fine & Studio Arts
Rank: #193
Economic score: 14.9
Religious Studies
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 22.79
English Language & Lit
Rank: #439
Economic score: 39.8
The average full-time graduate completes their degree in 4.3 years. 74% of all students graduate within 8 years including part-time students. The graduation rate at Luther College is 9% higher than the state average, and 6% above the average for all liberal arts colleges in the country.
At Luther College, Pell Grant recipients represent 20% of the measured graduating class, 15% lower than the national average of 35%. The average Pell Grant recipient at Luther College graduates within 4.4 years.
Luther College is in the bottom 25% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Luther College’s economic mobility score of 5.65 is calculated by adjusting the 5.72 economic score of lower-income students by the 20% pell grant recipients within the student body. Luther College’s EMS of 5.65 ranks in the bottom 10% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 10%
The average Title IV recipient at Luther College pays $25,538 a year, $34,237 less than the $59,775 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $25,538
Much of the gap between net price and sticker price is filled by institutional and government grants. At Luther College, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $25,538 on average to be covered by the student – be it through loans or out of pocket. In total, 70% of students take out loans, federal or private, at an average amount of $7,832. This is 16% more than the national average.
Federal grants
$5,292
Pell grants
$4,299
State grants
$5,345
Institutional grants
$31,642
Luther College's very inclusive admissions are indicated by their 76% acceptance rate. In 2021, the school had 2,495 applicants, of which 1,898 were admitted and 444 enrolled. Luther College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
100%
83%
Female
52%
59%
First time
93%
59%
In-state
25%
68%
1st generation
13%
35%
White
78%
52%
Black
2%
14%
Hispanic
7%
15%
Asian
2%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
11%
12%