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. The Financial Aid Office will be open from 10:30 AM to 1:30 PM on Saturday, August 31, for new student move-in.  A staff member will also be located in the main lobby of Dahl Centennial Union to collect financial aid and work documents.
  2. Students with Norse Loans for the 2019-20 academic year should have received information via email about completion of the promissory note on July 3rd.
  3. The Financial Aid Office is open 8 AM to 5 PM each weekday during the summer.
  4. Direct Loan interest rates for the 2019-20 academic year have been announced.  The Stafford Loan interest rate will be fixed at 4.53% and the PLUS Loan interest rate will be fixed at 7.08%.  The new rates are down from last year.
  5. Luther's Cohort Default Rate for Fiscal Year 2015 dropped to 1.8%.  The national average for the same period is 10.8%.
  6. Be sure to use www.fafsa.gov to complete the FAFSA.  This site will allow you to file the FAFSA free of charge.  There are other sites that will charge you a fee to file the FAFSA.