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Economic score
Martin Luther College is a private located in New Ulm, Minnesota. Martin Luther College is very inclusive in their admissions.
Return on educational investment at Martin Luther College is in the bottom 25% of all ranked schools. The median student earns $40,821 10 years after enrolling, 31st in Minnesota, and in the bottom 25% nationally. When adjusted for earning differences by major, Martin Luther College bachelor students earn 2% less than the national average. Martin Luther College is ranked 31st in Minnesota.
Martin Luther College’s median net annual cost of $22,205 and average years to graduate of 4.8 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 1 programs at Martin Luther College sorted by number of graduates - Education - are shown below.
Annual net cost
$22,205
Average years to graduate
4.8
The average full-time graduate completes their degree in 4.8 years. 66% of all students graduate within 8 years including part-time students. The graduation rate at Martin Luther College is 1% higher than the state average, and 8% above the average for all special focus four-year: other special focus institutions in the country.
At Martin Luther College, Pell Grant recipients represent 26% of the measured graduating class, 9% lower than the national average of 35%. The average Pell Grant recipient at Martin Luther College graduates within 4.7 years.
Martin Luther College is in the top 50% 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.
Martin Luther College’s economic mobility score of 1.57 is calculated by adjusting the 14.51 economic score of lower-income students by the 26% pell grant recipients within the student body. Martin Luther College’s EMS of 1.57 ranks in the bottom 5% 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 5%
The average Title IV recipient at Martin Luther College pays $22,205 a year, $5,795 less than the $28,000 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 $22,205
Much of the gap between net price and sticker price is filled by institutional and government grants. At Martin Luther College, 99% 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 $22,205 on average to be covered by the student – be it through loans or out of pocket. In total, 88% of students take out loans, federal or private, at an average amount of $6,020. This is 34% more than the national average.
Federal grants
$5,210
Pell grants
$3,884
State grants
$6,132
Institutional grants
$4,259
Martin Luther College's very inclusive admissions are indicated by their 91% acceptance rate. In 2021, the school had 197 applicants, of which 180 were admitted and 151 enrolled. Martin Luther College doesn't have a rolling admissions policy, which means applications are reviewed after a hard admissions deadline.
Full time
99%
83%
Female
47%
59%
First time
80%
59%
In-state
13%
68%
1st generation
N/A
35%
White
92%
52%
Black
1%
14%
Hispanic
2%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
4%
12%