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 2020-2021 FAFSA is now available for completion.
  2. There are several open work-study positions for the 2019-20 academic year. 
  3. Students with Norse Loans for the 2019-20 academic year need to complete their promissory note online.
  4. The Financial Aid Office is open 8 AM to 5 PM each weekday..
  5. 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.
  6. Luther's Cohort Default Rate for Fiscal Year 2015 dropped to 1.8%.  The national average for the same period is 10.8%.
  7. 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.