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. February is Financial Aid Awareness Month.  Look for promotional activities in the Union during this time.
  2. The 2015-16 tuition and fees schedule has been posted to the website.
  3. Learn about 7 Common FAFSA Mistakes you will want to avoid.
  4. The Summer 2015 Financial Aid Application is now available for those interested in taking summer courses at Luther.
  5. Beginning with the 2015-16 academic year, the Financial Aid Office will no longer require students to complete the Continuing Student Questionnaire.
  6. On April 26, 2015, the FSA ID will replace the PIN number as a means of electronically signing the FAFSA and loan documents as well as signing into Federal Student Aid websites.  Look for more information later this winter on the transition to FSA ID.
  7. 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.
  8. Information regarding the Erdman Prize Application for 2015-16 has been posted to the Scholarships from Outside Sources page of the website.
  9. 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.
  10. Several new scholarship opportunities have been posted to the Scholarships from Outside Sources page.
  11. 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%.