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National Application Center :: campus tours :: Martin Luther College costs & financial aid

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Martin Luther College

Martin Luther College
1995 Luther Court
New Ulm, MN 56073

Official telephone: (507) 354-8221
Website: https://www.mlc-wels.edu/
Screen last updated on: February 2024

The financial aid information below is valid for the 2023 academic year.

EXPENSES
Undergraduate tuition: $17,770; $17,770 out-of-state
Book fees: $600
Miscellaneous expenses: $1,600
Other expenses: Estimated expense of transportation for residents.
Combined room and board expenses: $7,280

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAApril 15noApril 15
Institution's own financial aid formN/AnoN/A

Applied for financial aid:
91% of first-year students
93% of full-time undergraduates
Determined to have financial need:
86% of first-year students
83% of full-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
85% of first-year students
88% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
14% of first-year students
13% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
31% of first-year students
31% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
82% for first-year students
82% for full-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$15,562 for first-year students
$15,054 for full-time undergraduates
Average need-based gift award:
$12,876 for first-year students
$11,200 for full-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,177 for first-year students
$4,481 for full-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,118 for first-year students
$4,223 for full-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
21% of first-year students
23% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$4,455 for first-year students
$4,408 for full-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.