Head-to-head comparison
Luther College vs Loras College: which has better ROI?
Option A Decorah, IA
Luther College
- Net price / year
- $23,097
- Earnings, 10 years
- $59,850
- Payback
- 8 yrs
Option B Dubuque, IA
Loras College
- Net price / year
- $20,716
- Earnings, 10 years
- $58,289
- Payback
- 8.3 yrs
Luther College has the better ROI: it clears its 4-year net cost of $92,388 in 8 years versus 8.3 years at Loras College, on median earnings of $59,850 vs $58,289 ten years out. (Scorecard, 2026 · our math.)
| Measure | Luther College | Loras College |
|---|---|---|
| Net price / yr | $23,097 | $20,716 |
| Total net cost | $92,388 | $82,864 |
| Median earnings, 10 yrs | $59,850 | $58,289 |
| Median debt | $27,000 | $26,000 |
| Payback | 8 yrs | 8.3 yrs |
| 20-year net return | $137,412 | $115,716 |
College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.
The short answer
Which is cheaper, Luther College or Loras College?
Loras College, at $20,716 a year after aid versus $23,097 — a gap of $2,381 a year, or $9,524 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.
The short answer
Do Luther College or Loras College graduates earn more?
Luther College graduates report a median $59,850 ten years after entry, $1,561 more than the $58,289 at Loras College. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.
The short answer
Which leaves students with less debt, Luther College or Loras College?
Loras College: its completers carry a median $26,000 in federal loans versus $27,000 at Luther College, a difference of $1,000. The figure counts students who finished; it excludes private loans and anyone who left before graduating.
The short answer
Which graduates more of its students?
71% of students finish at Luther College, against 68% at Loras College. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.