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. Students can complete the 2016-17 FAFSA at www.fafsa.gov.  The FAFSA can be signed electronically with a FSA ID.  The FSA ID replaces the PIN students and parents used previously.
  2. Luther College's FAFSA priority deadline date for prospective students is March 1 and the continuing student priority deadline is March 15.
  3. The 2016-17 Forms Page has been posted to the website.
  4. Applications for the Erdman Entrepreneurial Prize and the Carver Scholars Program have been posted to the website.
  5. The Federal Perkins Loan has received a two year extension in Congress this December and is awaiting the President's signature.  We will learn more about specifics in the coming weeks.
  6. The interest rate on Federal Stafford Loans borrowed between July 1, 2015 and June 30, 2016 is fixed at 4.29 percent. Federal Parent Loans (PLUS) borrowed for the same time period have a fixed rate of 6.84 percent.