Average Annual Tuition at Martin Luther College
The latest data we have for Martin Luther College's annual average net costs are from 2018. These costs and and the average Minnesota schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
|In-state Tuition||Out-of-state Tuition||Median Debt||Avgerate Net Cost|
|Martin Luther College||$15,870||$15,870||$19,975||$18,881|
As you can see, annual costs at Martin Luther College have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Minnesota as well. Minnesota's' higher education costs rose by 23.8% in just the last 10 years, ranking as the 40th highest state.
Martin Luther College Financial Assistance
48% of students enrolled at Martin Luther College receive some form of Federal loan assistance. You can view Martin Luther College's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
TIAA-CREF Tuition Financing, Inc. manages Minnesota’s 529 college savings plan, which offers an age-based option along with 5 static investment options.
|State Plan Name:||Minnesota College Savings Plan|
|Maximum Contribution:||up to $425,000 per beneficiary across accounts|
|Fees:||No enrollment or account maintenance fees; 0.1425% program management fees (0.14% manager fee plus 0.0025% state fee)|
Minnesota School Statistics
We've analyzed all other higher education schools in MN, and wrapped it up nicely into a report for you. View our MN analysis report.
There are 47 other accredited private schools located in the state of Minnesota. You can view all MN schools here.
Last updated 2022-02-07 18:10:19.