Information on this page will change regularly to account for new happenings in financial aid.
The Financial Aid Office would like to wish everyone a joyous holiday season. The college will be closed December 22-January 2. We look forward to working with everyone in 2022!
It is time to file the FAFSA for the 2022-23 school year. This can be completed online at studentaid.gov.
Direct Loan interest rates for the 2021-22 academic year have been announced. The Stafford Loan interest rate will be fixed at 3.73% and the PLUS Loan interest rate will be fixed at 6.28%. The new rates are up approximately 1% from last year.
Luther's Cohort Default Rate for Fiscal Year 2017 dropped to 2.2%. The national average for the same period is 9.7%.
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.