Luther College: Is It Worth It?
Decorah, Iowa · Private Nonprofit · Website
ROI Score
5.5
Net Price/Year
$23,097
avg with financial aid
10yr Earnings
$59,850
median, all graduates
Median Debt
$27,000
at graduation
Is Luther College Worth It?
Graduates earn a median of $59,850 per year ten years after enrollment. With an average net price of $23,097 per year, the total estimated cost for a four-year degree is approximately $92,388.
Based on median earnings, the degree typically pays for itself in approximately 1.5 years.
The median graduate leaves with $27,000 in debt, which represents about 45%of one year's earnings at the 10-year mark.
Note: These figures reflect all graduates regardless of major. Individual outcomes vary significantly by field of study, career choices, and personal circumstances.
Earnings vs. Debt
Net Price by Family Income
Admissions Snapshot
Acceptance Rate
71.5%
Avg SAT
1218
ACT Midpoint
26
Enrollment
1,379
Completion & Retention
6-Year Graduation Rate
73.0%
National avg: ~60%
Retention Rate
77.0%
First-year students returning
3yr Repayment Rate
99400.0%
Grads making progress on loans
Cost Breakdown
In-State Tuition
$52,120
Out-of-State Tuition
$52,120
Avg Net Price
$23,097
After grants/scholarships
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Frequently Asked Questions
Is Luther College worth the money?
Based on federal data, Luther College graduates earn a median of $59,850 ten years after enrollment, with a median debt of $27,000 at graduation. The ROI score is 5.5.
What do Luther College graduates earn?
The median earnings for Luther College graduates is $49,541 six years after enrollment and $59,850 ten years after enrollment, according to the College Scorecard.
What is the acceptance rate at Luther College?
The acceptance rate at Luther College is 71.5%.
How much debt do Luther College graduates have?
The median debt at graduation for Luther College students is $27,000.
Data source: U.S. Department of Education College Scorecard. Earnings data reflects median earnings 10 years after enrollment for all graduates. Debt figures reflect median debt at graduation for completers. Individual outcomes may vary.