Luther College Business Programs

Located in Decorah, Iowa, Luther College is a private not-for-profit institution. Decorah is a great place for students who enjoy small town life.

Luther College Rankings

We have ranked Luther as #155 out of 1,477 colleges and universities in the country in our 2023 Best Colleges list. This puts it in the top 15% of all schools in the nation. It is also ranked #5 out of 26 schools in Iowa.

These rankings may look different from those published by other outlets, because we use an outcomes-based approach rather than a subjective one. We get our data from a number of places, including the Integrated Postsecondary Education Data System (IPEDS) and the College Scorecard. For more information, check out our rankings and methodology page.

Luther has also been awarded the following overall awards by our latest rankings.

Rank	Ranking Name	Share
#151	Best Business Bachelor’s Degree Schools	Tweet It - Post It

Program Level Awards

These are highlights of some of the most noteworthy awards granted to specific programs at Luther.

Rank	Ranking Name	Share
#61	Best Accounting Bachelor’s Degree Schools	Tweet It - Post It
#150	Best Business Administration & Management Bachelor’s Degree Schools	Tweet It - Post It

Awards From Around the Web

The following table lists some notable awards Luther has earned from around the web.

Rank	Ranking Name	Source
#126	Highest Paid Bachelor’s Degree Accounting Graduates	College Factual
#131	Highest Paid Bachelor’s Degree Accounting Graduates	College Factual
#181	Best Accounting Schools	College Factual
#200	Best Schools	Course Advisor

Where Is Luther College?

Contact details for Luther are given below.

	Contact Details
Address:	700 College Drive, Decorah, IA 52101-1045
Phone:	563-387-2000
Website:	www.luther.edu
Facebook:	http://www.facebook.com/luthercollege
Twitter:	http://www.twitter.com/luthercollege

How Do I Get Into Luther?

You can apply to Luther online at: www.luther.edu/admissions/apply

Admission Requirements for Luther

Submission	Required?
High School GPA	required
High School Rank	required
High School Transcript	required
College Prep Program	recommended
Recommendations	required
SAT or ACT Scores	considered but not required
TOEFL	required

How Hard Is It To Get Into Luther?

The acceptance rate at Luther is 64%, which is a sign that the school is fairly selective. While it may not be as hard to get into as other colleges, you should not take admission for granted.

Approximately 43% of accepted students are men and 57% are women. The acceptance rate for men is 59%, and the acceptance rate for women is 69%.

Average Test Scores

About 23% of students accepted to Luther submitted their SAT scores. When looking at the 25th through the 75th percentile, SAT Evidence-Based Reading and Writing scores ranged between 510 and 640. Math scores were between 520 and 640.

Luther received ACT scores from 81% of accepted students. When looking at the 25th through the 75th percentile, ACT English scores ranged between 22 and 30. Math scores were between 21 and 28. Composite scores were between 23 and 29.

Can I Afford Luther College?

The overall average net price of Luther is $29,971. The affordability of the school largely depends on your financial need since net price varies by income group.

The net price is calculated by adding tuition, room, board and other costs and subtracting financial aid.

Student Loan Debt

It's not uncommon for college students to take out loans to pay for school. In fact, almost 66% of students nationwide depend at least partially on loans. At Luther, approximately 66% of students took out student loans averaging $8,440 a year. That adds up to $33,760 over four years for those students.

The student loan default rate at Luther is 1.8%. This is significantly lower than the national default rate of 10.1%, which is a good sign that you'll be able to pay back your student loans.

Luther College Undergraduate Student Diversity

There are 1,802 undergraduate students at Luther, with 1,775 being full-time and 27 being part-time.

Gender Diversity

Of the 1,775 full-time undergraduates at Luther, 41% are male and 59% are female.

Racial-Ethnic Diversity

The racial-ethnic breakdown of Luther College students is as follows.

Race/Ethnicity	Number of Grads
Asian	36
Black or African American	36
Hispanic or Latino	118
White	1,388
International Students	135
Other Races/Ethnicities	62

Geographic Diversity

Iowa students aren't the only ones who study at Luther College. At this time, 23 states are represented by the student population at the school.

Over 80 countries are represented at Luther. The most popular countries sending students to the school are Vietnam, Swaziland, and Zimbabwe.

Online Learning at Luther College

In 2019-2020, 1,802 students took at least one online class at the school.

This is the #1,506 largest growth rate of all schools that are only partially online. This refers to all students at Luther regardless of major.

Luther College Business Concentrations

The table below shows the number of awards for each concentration.

Major	Bachelor’s	TOTAL
General Business Administration and Management	33	33
Accounting	15	15
General Economics	2	2
TOTAL	50	50

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• National Center for Education Statistics
• Image Credit: By Prizm under License

More about our data sources and methodologies.