Private 4 Year

MLC Tuition & Cost

New Ulm, Minnesota

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How much does it cost to attend?

Sticker Price
Costs for Martin Luther College
Fee Cost
Books and Supplies$800
Other Fees$0
Room and Board $6,080
Other Expenses Budget$4,300

Annual Prices

The annual list price to attend Martin Luther College on a full time basis for 2018/2019 is $26,590 for all students regardless of their residency. This fee is comprised of $15,410 for tuition, $6,080 room and board, $800 for books and supplies and $0 for other fees. Out of state tuition for Martin Luther College is $15,410, the same as Minnesota residents.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Martin Luther College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
Net Price by Income Martin Luther College
Family Income Net Price Paid
$0 to $30,000$14,815
$30,001 to $48,000$14,216
$48,001 to $75,000$15,289
$75,001 to $110,000$19,390

The average reported annual net price for Martin Luther College for students receiving grants or scholarship aid was $18,503 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

Finanical Aid Martin Luther College
Type Avg./Student Students Receiving
Annual Total Grant Aid $6,051 81%
Pell Grant $3,318 30%
Federal Student Loan $5,277 55%

The average reported annual net price for Martin Luther College for students receiving grants or scholarship aid was $18,503 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Martin Luther College, we've modeled a ten year student loan with an original principal value of $55,288. The loan balance of $55,288 is a four year multiple of the $13,822 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $574 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.529%.

Example Loan $55,288
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $573.77
Total Interest Paid $13,564.31
Sum of All Loan Payments $68,852.31

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $26,590
2 $28,235
3 $29,981
4 $31,835

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Martin Luther College to be $106,360 - assuming graduation in normal time. The estimation assumes a 6.2% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Martin Luther College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $325 $975 $1,300

Estimated cost for a class at Martin Luther College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Martin Luther College versus other colleges.

Tuition Payment Plans Available

Martin Luther College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=173452 IPEDS survey data for Martin Luther College.