Martin Luther College
Private College in New Ulm, MN. Six-year graduation rate 72%. Median 10-year earnings $47,491.
Students who entered Martin Luther College land at a median of $47,491 a decade later, close to what most four-year schools deliver. Completion is a strength: 72% of students finish within six years. Graduates carry a median of $20,177 in debt — in line with the national norm.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
Admission is not the constraint here: 87% of applicants are accepted. With 226 applicants, admissions statistics here move a lot on small changes. 88% of admitted students actually enroll, which is a high yield by national standards. Read the score bands below as the middle 50% of submitted scores, not a threshold to clear.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | — | 4 (2%) |
| SAT Math | — | |
| ACT Composite | 21–28 | 133 (76%) |
IPEDS Admissions · 2024
Apply at Martin Luther College →Academics
A 72% six-year graduation rate is the strongest academic signal on this page. 85% of full-time first-years return for a second year — a healthy figure. Retention and completion are close, which places the gap between entering and finishing almost entirely in year one. A 10:1 ratio points to small classes and accessible faculty. This is a private nonprofit four-year college, so read every rate on this page against that peer group specifically.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 718 degree- or certificate-seeking undergraduates
Average net price after grant aid is $18,974 a year — mid-range for a four-year institution. Aid is steeply need-based: families in the $0–30k band pay $11,233 while those at $110k+ pay $22,952. 84% of students receive grant aid, averaging $12,559 — common but not automatic. Borrowing is widespread: 70% take federal loans.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 150 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $11,233 |
| $30–48k | $11,749 |
| $48–75k | $12,811 |
| $75–110k | $18,241 |
| $110k+ | $22,952 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 505 of these 718 students, totalling $3,294,864 — an average of $6,524 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Brown County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)