Image unavailable
Rank: 174

Martin Luther College

New Ulm, MNwww.mlc-wels.edu
Martin Luther College, in southern Minnesota, is designed for students on a very specific career path. Owned by the Wisconsin Evangelical Lutheran Synod, the roughly 750-student college trains those who want to become pastors, teachers, and staff ministers for the public ministry in the synod. The college is only 21 years old, created in 1995 by combining Dr. Martin Luther College and Northwestern College, both of which dated to the late 1800s. Courses are mixed with daily chapel, Bible study, and service projects. The college is a standout for affordability and its success at getting students through to graduation. Education is the most popular academic program on campus, as graduates are qualified to teach in public schools as well as schools of Lutheran denomination. Martin Luther College fields 16 NCAA Division III teams, and more than half of all students participate in at least one intramural sport. There are also a number of student clubs, although two dominate: drama and music. Mankato, a haven for snowboarders, is just 30 minutes away; and a two-hour drive will get students to the Twin Cities.
costs
Est. Full Price 2018-2019
$26,200
% of students who get any grants
83%
Est. price for students who receive aid
$19,600
Average price for low-income students
$15,000
admissions
Acceptance rate
83%
Median SAT/ACT Score
1230/24
SAT/ACT required?
Yes
Enrollment
1,238
Financial Aid
% of students with need who get grants
98%
% of need met
70%
% of students who get merit* grants
16%
Average merit grant
$2,746
student success
Graduation rate
73%
Average time to a degree
4.5 years
Average student debt
$23,100
Average salary within 3 years
$34,700
% of low-income students who become upper middle class
N/A
key deadlines
Early decision application
N/A
Regular application
N/A

* Share of full-time undergraduates who had no financial need and were awarded grants.

Sources: U.S. Department of Education, Peterson's, PayScale.com, MONEY/College Measures calculations, Equality of Oppourtunity Project.

* Share of full-time undergraduates who had no financial need and were awarded grants.

Sources: U.S. Department of Education, Peterson's, PayScale.com, MONEY/College Measures calculations, Equality of Oppourtunity Project.

MONEY may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions