After Martin Luther College: graduation, pay and debt
New Ulm, Minnesota · Private · 725 undergrads
71% of Martin Luther College students finish within six years, the typical student earns $47,683 ten years after starting and graduates leave with $19,500 in federal loans at the median.
The short answers
$47.7k
median pay 10 years after starting college.
71%
finish within six years.
46%
finish in four years.
85%
of first-years come back for year two.
$19.5k
median federal debt at graduation.
90%
of borrowers were paying down their loans three years after leaving.
All the federal numbers
Finishing
Finished in four yearsIPEDS, fall 2023
46%
Finished within six yearsIPEDS, fall 2023
71%
First-years who came back for year twoCollege Scorecard, fall 2024
85%
Men who finished within six yearsIPEDS, students who started in 2017
63%
Women who finished within six yearsIPEDS, students who started in 2017
81%
Students in that six-year groupIPEDS, students who started in 2017
182
Earned a degree or certificate here within eight yearsIPEDS, full-time students who started in 2015
75%
Still enrolled here after eight yearsIPEDS, full-time students who started in 2015
13%
Students in that eight-year groupIPEDS, full-time students who started in 2015
171
Pay after college
Median pay 6 years after starting collegeCollege Scorecard
$38,793
Median pay 10 years after starting collegeCollege Scorecard, 2022-23
$47,683
Earning more than $25,000 six years after startingCollege Scorecard, earlier release
52%
Debt and paying it back
Median federal debt, students who graduatedCollege Scorecard, 2024-25
$19,500
Median federal debt, everyone who borrowed (finished or not)College Scorecard, earlier release
$16,606
Median federal debt, students with a Pell GrantCollege Scorecard, earlier release
$16,164
Median federal debt, students without a Pell GrantCollege Scorecard, earlier release
$17,125
Paying down their loans 3 years after leavingCollege Scorecard, 2024-25
90%
Paying down their loans 5 years after leavingCollege Scorecard, earlier release
90%
Paying down their loans 7 years after leavingCollege Scorecard, earlier release
92%
Where these numbers come from
- Admit rate and applicants: IPEDS, fall 2024 (checked Oct 31, 2026)
- Cost, pay and debt: College Scorecard, 2024-25 (checked Oct 31, 2026)
Updated Oct 31, 2026Spot a mistake?How we get our numbers