Luther College Tuition 2024| The College Monk

$41,950

Tuition

$55,805

Cost of Attendance

$24,688

Net Price

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Luther College Tuition and Fees

Luther College is known for offering a wide range of undergraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at LC is quite moderate. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Luther College comes to around $44,070, which includes tuition and other expenses as well. The housing facilities, books and supplies, and other expenses cost $9,760, $1,040, and $3,015, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$42,290	$42,290
Book & Supplies	$1,040	$1,040
Room & Board cost	$9,460	$9,460
Other Expenses	$3,015	$3,015
Total Cost of Attendance	$55,805	$55,805

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. The total tuition and fees for students attending Luther College come out to be around $44,070 per year. Apart from that, they should also pay an average amount of $1,040 toward books and supplies, $9,760 for room and boarding charges, and $3,015 toward other expenses in a year. Hence, based on this information, the overall cost of attending the college adds up to around $57,885 per year.

Average Net Price by Family Income

Net Price

$24,688

Family Income

Avg. Net Price

$0 to $30,000

$17,555

$30,001 to $48,000

$17,901

$48,001 to $75,000

$19,950

$75,001 to $110,000

$24,659

$110,000+

$29,263

The net price of attending Luther College is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $23,805 at LC. For students with a family income below $30,000, the estimated net price is $16,636, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $17,630. Meanwhile, the net price stands at $19,852 for the $48,001-$75,000 income bracket and at $24,393 for an income between $75,001 and $110,000. This amount adds up to $27,721 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$93,136

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$967

Total interest paid

$22,850

Sum of Loan Payments

$115,986

To have a realistic understanding of how much it will cost to study at Luther College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $93,136 for example. This will result in a $11,599 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $115,986 which is $22,850 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$42,290	$42,290
Room & Board Cost	$9,460	$9,460
Total Tuition & Fees	$51,750	$51,750

For students pursuing undergraduate courses at Luther College, the tuition and fees are estimated to be $44,070 per year. Moreover, the applicants must also pay an amount of $9,760 towards room and boarding charges. In view of this information, the estimated total cost for undergraduate students at LC adds up to $57,885.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	$1,498

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Luther College varies between graduate and undergraduate degrees. The students, who enroll for graduate courses, will have to bear a cost per credit hour of $339. At present, Luther College also offers various online programs to students across as many as 45 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$9,460	$9,460
Other Expense	$3,015	$3,015
Book & Supplies	$1,040	$1,040

Moving on to the housing and related expenses at Luther College, these charges are the same irrespective of whether the candidate decides to stay on-campus or off-campus. The students will be required to pay $12,775 per year for the same. On the other hand, the room and board charges that the students have to pay total around $9,760 per year. In addition to that, the candidates will have to pay an amount of about $1,040 for books and supplies. Furthermore, the other expenses that the students should plan for come to around $3,015.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$9,460

Off Campus

$9,460

Housing & Other Expenses

Other Expenses

On Campus

$3,015

Off Campus

$3,015

Housing & Other Expenses

Book & Supplies

On Campus

$1,040

Off Campus

$1,040

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at LC are projected to cost around $291,369 as per official data. In comparison, the total expenses for undergraduate students stood at $23,805 for 2018-2019, $24,688 for 2017-2018, and $26,013 for 2016-2017.

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Luther College Tuition and Fees

Total Cost of Attendance

Average Net Price by Family Income

Student Loans

Undergraduate Tuition and Fees

Cost Per Credit Hour

Campus Housing Expenses

Campus Housing Expenses

Projected Price for a 4 year degree

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