College ROI

Smarter Choices, Brighter Futures
Back to Colleges

Luther College

Decorah, IA 1,379 Undergrads 72.3% Grad Rate
Share
Total Cost
$65,461
Sticker Price
Avg Net Price
$23,097
After Aid
Median Earnings
$55,033
4yr Post-Grad

Vs. Peer Institutions

Net Price$23,097
Peer Midpoint: $20,080.5
Earnings (4yr Post-Grad)$55,033
Peer Midpoint: $60,428
Graduation Rate72.3%
Peer Midpoint: 58.9%
Socio-Economic Diversity
Pell Grant Recipients19.9%
Enrollment Status
Full-Time99.2%
Economic Outcomes
Earn More than HS80.7%

Admissions Profile

Acceptance
71.5%
SAT Avg
1,218
SAT Reading
25th: 55057975th: 668
SAT Math
25th: 52862475th: 738
ACT Composite
25th: 222675th: 29

ROI Sensitivity Analysis

This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.

Lifetime Value Added (NPV)

Institution Lifetime NPV
Vs Median Peer
Vs HS Grad
Zero Cost (Scholarship)$0
+$495k
+$28k
+$11k
Median Cost$23k/yr
+$412k
-$55k
-$72k
Full Cost$65k/yr
+$260k
-$207k
-$225k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
52
Median Cost$23k/yr
Never
-87%
Full Cost$65k/yr
Never
-95%
Analysis Assumptions:
  • Starting Salary: Estimated from the 4-year post-graduation median earnings (assuming 2% annual growth from graduation).
  • Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
  • Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
  • NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.

Social Impact ROINew

Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.

Donor Return-84%

Gov. Pell Grant ROINew

Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.

Taxpayer Return-87%
Important Note: Your ROI with any major will depend on the cost you pay to attend the program, and your starting salary. Both vary significantly across institutions. We encourage you to explore the ROI of a specific program variant by selecting the Program title of the credential level you are interested in. You will then have a more detailed return analysis for programs at specific institutions. We also encourage you to use the ROI calculator with your specific estimates of cost and salary.

Program ROI Analysis

Bachelor's Degrees

Accounting and Related Services
BachCIP: 5203
Median Debt
$27,000
Earnings (4yr)
$75,341
Natl Median: $76,194
Lifetime Value Added
+$87k
Allied Health Diagnostic, Intervention, and Treatment Professions
BachCIP: 5109
Median Debt
-
Earnings (4yr)
-
Natl Median: $70,786
Lifetime Value Added
N/A
Anthropology
BachCIP: 4502
Median Debt
-
Earnings (4yr)
-
Natl Median: $46,676
Lifetime Value Added
N/A
Biology, General
BachCIP: 2601
Median Debt
$26,391
Earnings (4yr)
$63,998
Natl Median: $57,214
Lifetime Value Added
-$41
Business Administration, Management and Operations
BachCIP: 5202
Median Debt
$27,000
Earnings (4yr)
$68,510
Natl Median: $68,257
Lifetime Value Added
+$35k
Chemistry
BachCIP: 4005
Median Debt
-
Earnings (4yr)
-
Natl Median: $65,120
Lifetime Value Added
N/A
Classics and Classical Languages, Literatures, and Linguistics
BachCIP: 1612
Median Debt
-
Earnings (4yr)
-
Natl Median: $49,429
Lifetime Value Added
N/A
Communication and Media Studies
BachCIP: 0901
Median Debt
$27,000
Earnings (4yr)
$52,905
Natl Median: $56,359
Lifetime Value Added
-$90k
Computer Science
BachCIP: 1107
Median Debt
$27,000
Earnings (5yr)
$117,530
Natl Median: $107,009
Lifetime Value Added
+$391k
Dance
BachCIP: 5003
Median Debt
-
Earnings (4yr)
-
Natl Median: $39,980
Lifetime Value Added
N/A
Drama/Theatre Arts and Stagecraft
BachCIP: 5005
Median Debt
-
Earnings (4yr)
-
Natl Median: $39,775
Lifetime Value Added
N/A
Economics
BachCIP: 4506
Median Debt
-
Earnings (2yr)
$52,107
Natl Median: $82,686
Lifetime Value Added
-$79k
English Language and Literature, General
BachCIP: 2301
Median Debt
$27,000
Earnings (4yr)
$46,116
Natl Median: $48,590
Lifetime Value Added
-$147k
Fine and Studio Arts
BachCIP: 5007
Median Debt
-
Earnings (5yr)
$48,575
Natl Median: $41,367
Lifetime Value Added
-$134k
Germanic Languages, Literatures, and Linguistics
BachCIP: 1605
Median Debt
-
Earnings (4yr)
$49,769
Natl Median: $55,459
Lifetime Value Added
-$116k
Health Services/Allied Health/Health Sciences, General
BachCIP: 5100
Median Debt
-
Earnings (4yr)
$50,580
Natl Median: $61,296
Lifetime Value Added
-$109k
History
BachCIP: 5401
Median Debt
-
Earnings (4yr)
$45,737
Natl Median: $50,680
Lifetime Value Added
-$150k
Information Science/Studies
BachCIP: 1104
Median Debt
-
Earnings (4yr)
-
Natl Median: $85,294
Lifetime Value Added
N/A
International/Globalization Studies
BachCIP: 3020
Median Debt
-
Earnings (5yr)
$37,587
Natl Median: $59,972
Lifetime Value Added
-$226k
Liberal Arts and Sciences, General Studies and Humanities
BachCIP: 2401
Median Debt
$27,000
Earnings (4yr)
$54,821
Natl Median: $53,072
Lifetime Value Added
-$74k
Mathematics
BachCIP: 2701
Median Debt
-
Earnings (5yr)
$67,264
Natl Median: $69,562
Lifetime Value Added
+$15k
Multi/Interdisciplinary Studies, Other
BachCIP: 3099
Median Debt
-
Earnings (4yr)
-
Natl Median: $55,693
Lifetime Value Added
N/A
Music
BachCIP: 5009
Median Debt
$27,000
Earnings (4yr)
$50,947
Natl Median: $42,892
Lifetime Value Added
-$106k
Natural Resources Conservation and Research
BachCIP: 0301
Median Debt
-
Earnings (4yr)
$52,296
Natl Median: $55,012
Lifetime Value Added
-$95k
Neurobiology and Neurosciences
BachCIP: 2615
Median Debt
-
Earnings (4yr)
-
Natl Median: $62,451
Lifetime Value Added
N/A
Philosophy
BachCIP: 3801
Median Debt
-
Earnings (4yr)
-
Natl Median: $54,455
Lifetime Value Added
N/A
Physics
BachCIP: 4008
Median Debt
-
Earnings (4yr)
-
Natl Median: $76,786
Lifetime Value Added
N/A
Political Science and Government
BachCIP: 4510
Median Debt
$27,000
Earnings (4yr)
$53,510
Natl Median: $63,293
Lifetime Value Added
-$85k
Psychology, General
BachCIP: 4201
Median Debt
$25,823
Earnings (4yr)
$56,469
Natl Median: $50,706
Lifetime Value Added
-$60k
Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing
BachCIP: 5138
Median Debt
$27,000
Earnings (4yr)
$77,569
Natl Median: $88,910
Lifetime Value Added
+$104k
Religion/Religious Studies
BachCIP: 3802
Median Debt
-
Earnings (5yr)
$44,246
Natl Median: $41,390
Lifetime Value Added
-$170k
Romance Languages, Literatures, and Linguistics
BachCIP: 1609
Median Debt
$27,000
Earnings (5yr)
$44,471
Natl Median: $55,000
Lifetime Value Added
-$168k
Social Work
BachCIP: 4407
Median Debt
$27,000
Earnings (4yr)
$47,660
Natl Median: $51,790
Lifetime Value Added
-$134k
Sociology
BachCIP: 4511
Median Debt
-
Earnings (4yr)
-
Natl Median: $52,657
Lifetime Value Added
N/A
Sports, Kinesiology, and Physical Education/Fitness
BachCIP: 3105
Median Debt
$27,000
Earnings (4yr)
$51,913
Natl Median: $54,562
Lifetime Value Added
-$98k
Statistics
BachCIP: 2705
Median Debt
-
Earnings (4yr)
-
Natl Median: $92,425
Lifetime Value Added
N/A
Teacher Education and Professional Development, Specific Levels and Methods
BachCIP: 1312
Median Debt
$27,000
Earnings (4yr)
$50,164
Natl Median: $47,382
Lifetime Value Added
-$113k

Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate (for undergraduate programs) or a median bachelor's degree holder (for graduate programs), accounting for this institution's average cost and taxes. Computed over a career to retirement age.

For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate degree decision moving forward. These Lifetime Value Added results for graduate degrees should not be compared with those for Undergraduate Certificates, Associates or Bachelors.