Luther College — acceptance rate 73%, tuition $49,650Luther College campus, Decorah, IA. Photo: Bobak Ha'Eri, CC BY 3.0 via Wikimedia Commons.
Outcomes
B+
81/100
Affordability
F
15/100
Resources
C+
62/100
Experience
A+
94/100
Prestige
D
37/100
Two ratings: the overall grade compares colleges the conventional way (outcomes, cost, resources, experience, reputation). The Outcome Rating asks what students earn: 60% wage-adjusted earnings 10 years after enrolling, 25% graduation, 15% retention. Methodology
Quick Stats
1,463
Total Enrollment
75%
Graduation Rate
79%
Retention Rate
10.0:1
Student-Faculty Ratio
73%
Acceptance Rate
N/A
Avg Net Price
Earnings, Debt & Completion
What happens to students who enroll at Luther College, from the U.S. Department of Education’s College Scorecard.
$59,850
Median earnings 10 yrs after entry
$49,541
Median earnings 6 yrs after entry
$27,000
Median debt at graduation
71.1%
Completion rate (within 150% of normal time)
1,218
Average SAT
26
Median ACT
20.4%
Students receiving Pell grants
Typical debt at graduation equals about 45% of one year’s median earnings ten years after entry.
Earnings rank: 73rd percentile among bachelor’s-degree-focused colleges after a partial adjustment for local wage levels (IA wage index 0.90). This drives the Outcome Rating.
Source: U.S. Department of Education College Scorecard, retrieved Oct 2026. Earnings are for federally aided students who enrolled, whether or not they graduated.
Earnings by Major at Luther College
Median pay of bachelor's degree graduates by field of study, and how each program ranks against every college reporting that major — by raw pay and adjusted for state wage levels. Same school, very different paychecks.
Source: U.S. Department of Education College Scorecard, field-of-study data. Earnings are for graduates who received federal aid and were working; small programs are not reported.
For parents & investors
The Luther College Town Property Report
Avg home value near campus: $336,633
Avg rent near campus: $985/mo — vs ~$587/mo campus room rate
Top nearby ZIP by cap rate: 52168 (4.0% cap, Spillville)
Get the free 1-page report: rent-vs-dorm math, the 3 best nearby ZIPs by yield,
and the “kiddie condo” strategy parents use.
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Costs & Financial Aid
Tuition & Fees
Category
In-State
Out-of-State
Tuition
$49,650
$49,650
Room
$5,280
Board
$5,900
Total Cost (On-Campus)
$65,555
$65,555
Financial Aid
100%
Receive Any Aid
21%
Receive Pell Grants
60%
Take Out Loans
N/A
Avg Net Price
Programs & Career Paths
Top Degree Programs
Programs ranked by number of degrees awarded annually.
Luther College has an acceptance rate of 73%.
This indicates a less selective admissions process with good chances for qualified applicants.
How much does it cost to attend Luther College?
Tuition at Luther College is
$49,650 for in-state students
and $49,650 for out-of-state students
.
What is the graduation rate at Luther College?
The graduation rate at Luther College is 75%.
This is a solid graduation rate, showing that most students who enroll successfully complete their degrees.
Is Luther College a good school?
Luther College has a Repit College Score of 57/100 (Grade: C+).
Our rating evaluates five key factors:
Outcomes (B+): Graduation and retention rates
Affordability (F): Net cost and financial aid access
Resources (C+): Class sizes and selectivity
Experience (A+): Campus life and learning format
Prestige (D): Reputation and recognition
How many students attend Luther College?
Luther College has a total enrollment of 1,463 students.
Most students (99%) are traditional college-age (18-24).
Deciding between a dorm and buying near campus? Run the numbers for Luther College — four years of dorm costs vs. owning, including what you’d recover at resale. Buy vs Dorm calculator →
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