What's New

What's new in Financial Aid?

Information on this page will change regularly to account for new happenings in financial aid.

  1. Several companies are offering former students the ability to consolidate their loans for a fee paid to the service provider.  Federal Direct Loan Consolidation can be done free of charge.  Learn more at www.studentloans.gov. Look for the Direct Consolidation Loan Application under the  "Tools and Resources" section.
  2. Applications for the 2015-16 Sadie Simonson Memorial Art Scholarship and the Robert H. Davis History Scholarship have been posted to the Admissions website.
  3. Information regarding the Erdman Prize Application for 2015-16 has been posted to the Scholarships from Outside Sources page of the website.
  4. Current students need to check their "My Documents" section of my.luther.edu for missing forms.  Students with missing financial aid forms will not be allowed to register for classes until the forms are received.
  5. The Financial Aid Office is excited to announce the launch of GradReady.  This money management website allows students to learn more about topics like credit, student loans and identity theft.
  6. Several new scholarship opportunities have been posted to the Scholarships from Outside Sources page.
  7. The interest rate on Federal Stafford Loans borrowed between July 1, 2014 and June 30, 2015 will be fixed at 4.66%.  Federal Parent Loans (PLUS) borrowed for the same time period will have a fixed rate of 7.21%.