Average Indebtedness of 2022 Graduates

Each year Luther College is required to report the average indebtedness of its graduates who borrow loans during their undergraduate career. We have chosen to report indebtedness in three segments as outlined below.

• $25,938 - represents the average borrowed in the Federal Stafford Loan, Federal Perkins Loan, and institutional loan programs
• $39,714 - represents the average borrowed in the Federal Stafford Loan, Federal Perkins Loan, institutional loan, and private loan programs
• $46,529 - represents the average total family debt and includes all student loans awarded to the student in addition to private and Federal PLUS loans borrowed by the family