Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $10,225 and the average loan amount is $6,323. The average financial aid amount is 58.70% of tuition & fees (tuition & fees: $17,420).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid707 83%$7,229,353$10,225
Pell Grants218 26%$846,676$3,884
Federal Students Loans596 70%$3,768,676$6,323

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 184 students have received one or more types of financial aid at Martin Luther College.
The average amount of federal, state, local or institutional grant aid is $7,090 and the average amount of student loans awarded to full-time first-time undergraduate students is $6,020.
The following table shows the financial data by type of aid at Martin Luther College.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid18499%--
Grant or scholarship aid184 99%$1,304,623$7,090
Federal Grants184 99%$437,588$2,378
Pell Grants56 30%$217,638$3,886
Other Federal Grants184 99%$219,950$1,195
State/Local Grants15 8%$91,973$6,132
Institutional Grants182 98%$775,062$4,259
Student Loans162 88%$975,285$6,020
Federal Student Loans160 86%$833,636$5,210
Other Student Loans18 10%$141,649$7,869