Information on this page will change regularly to account for new happenings in financial aid.
The Financial Aid Office is open Monday-Friday from 8 am to 5 pm. Please contact us with your questions.
The Luther College website is currently undergoing a migration to a new platform. During this progress, we are discovering broken website links. If you are experiencing difficulty downloading a form or linking to necessary information, please email [email protected] for assistance. Thank you for your patience.
Direct Loan interest rates for the 2022-23 academic year have been announced. The Stafford Loan interest rate will be fixed at 4.99% and the PLUS Loan interest rate will be fixed at 7.54%. The new rates are up from last year.
Luther's Cohort Default Rate for Fiscal Year 2017 dropped to 2.2%. The national average for the same period is 9.7%.
Be sure to use www.fafsa.gov to complete the FAFSA. This site will allow you to file the FAFSA free of charge. There are other sites that will charge you a fee to file the FAFSA.