GIFTS FROM INDIVIDUALS ARE VITAL.
Churchwide and synodical support covers only 12 percent of Luther
Seminary’s $17.2 million dollar budget. Generous gifts from donors
make up 41 percent of the seminary’s budget.
Make a gift now.
GIFTS SUPPORT STUDENTS. In
2006-07, Luther Seminary awarded more than $2.3 million in seminary
grants and scholarships. In addition, congregations provided over
$1.2 million in gifts directed to specific students. Programs like
the ELCA’s Fund for Leaders in Mission and the Fund for Theological
Education provide additional support.
When added together, this means the average student receives
$5,821.44 in scholarships and grants. As the
sample student budget below shows, this leaves a significant gap
for students to fill.
2006-2007 Fiscal Facts
Tuition and Living Expenses for Full-Time Study
$9,700
Annual tuition $13,000–$25,000 Annual
living and book expenses
Student Debt
30% graduate without
educational debt. 70% graduate with
educational debt. (Median indebtedness for these students is
$41,681, including both undergraduate and seminary loans.)
How Luther Seminary Is Financially
Supported
Gifts, Grants:
$7,670,000
Tuition, Fees:
4,700,000
Endowment Income:
2,700,000
Churchwide/ Synod
Support:
2,100,000
Total Income Budget:
$17,170,000
How Luther Seminary Spends Its Money
Student Educational & Support Programs:
$8,000,000
Institutional Support:
5,900,000
Grants, Scholarships:
2,300,000
Physical Plant, Maintenance:
970,000
Total Budget
Expenses:
$17,170,000
Budget Facts
$17.2 million - Annual
educational and general budget
$82.2 million - Size of
endowment
Every dollar spent on fundraising returns
$7.60 to Luther Seminary’s educational programs.
Luther Seminary provides more than
$2.3 million in financial aid to students each year.
In addition, local congregations provide another
$1.2 million in assistance.
On average, these efforts cover approximately
two-thirds of the cost of
tuition, but students still incur significant living expenses that
must be covered through employment, loans or other sources of
income.
Interactive Tour
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At-A-Glance Statistics
Read quick facts about students,
faculty, financial aid and the budget.
Can't find what you're looking for?
semrel@luthersem.edu
651-641-3448 or 1-888-3LUTHER.
Scholarships Allow More Students to Say "Yes"
Students enter into the ministry at great cost
to themselves. The cost of a seminary education
is rising and with it the level of student debt.
Thirty percent of seminary graduates leave
without educational debt. For the remaining
70 percent, the average educational indebtedness
was $41,681. High debt levels limit the types of
calls students can accept, especially to rural or
inner-city congregations that cannot pay high
enough salaries to allow students to cover
their debt payments.
Scholarship gifts are an
important way to help curb student debt and
allow more students to say “yes” to God's call.
A Luther Seminary Student Budget*
The average student receives $5,821.44 in scholarships and
grants. As the sample student budget below shows, this leaves a
significant gap for students to fill.
*Figures
are for a typical single student, living on campus for the 2006-07
school year.
Luther Seminary educates leaders for Christian communities
called and sent by the Holy Spirit
to witness to salvation through Jesus Christ
and to serve in God's world.
