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. First-time Federal Perkins Loan borrowers should now be able to complete their Federal Perkins Loan Promissory Note. Borrowers will receive an e-mail from Webmaster@ecsi.net with an embedded link to complete this document.  New students will receive this e-mail at their non-Luther e-mail address.
  2. The interest rate on Federal Stafford Loans borrowed between July 1, 2016 and June 30, 2017 will be fixed at 3.76 percent. Federal Parent Loans (PLUS) borrowed for the same time period will have a fixed rate of 6.31 percent.
  3. Continuing students will not receive 2016-17 financial aid awards until all of their missing documents have been submitted to the financial aid office. 
  4. 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.
  5. Students can continue to file the 2016-17 FAFSA even though our priority deadlines dates have passed.  Iowa students must have a 2016-17 FAFSA on file by July 1, 2016 in order to be considered for state financial aid programs.