Loyola University Chicago

In 2022, tuition for full-time students at Loyola University Chicago was $50,270 a year.

Tuition increased 4.51% in 2023–from $48,100 the previous year. On average, colleges raise tuition about 3% each year.

Remember, the displayed price of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students pay much less than the total tuition after grants, scholarships, and tuition discounts are awarded. And, student loans can make theprice of collegemore manageable until after graduation.

Loyola University Chicago meets 85.7% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Loyola University Chicago is around $41,181 a year.

In 2020, students graduated with an average of $35,489 in student loans for each student with debt.

In-state vs. Out-of-state Tuition at Loyola University Chicago

Loyola University Chicago is a private, religious institution, which means it has the same tuition for students from Illinois as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you are eligible for in-state tuition can save significant money on the total cost of attending college. Take the time to confirm your state's requirements for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently reside in.

Explore other Illinois colleges

Is Loyola University Chicago's Tuition Different for International Students?

Loyola University Chicago has the same tuition for international students as for those from out of state.

Students from outside of the U.S. usually do not qualify for for federal financial aid, but should research private or school-specific aid and scholarships.

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Loyola University Chicago Living Expenses, Fees, and More

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In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Loyola University Chicago.

Room and Board Costs at Loyola University Chicago

Room and board at Loyola University Chicago is $13,275 a year. This covers the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the Loyola University Chicago's on-campus cafeterias and dining halls.

Meal-plan costs may vary depending on the number of meals you intend to eat on-campus

How Much Do Books Cost at Loyola University Chicago?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

There may be optional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have ways so that those who may struggle to participate because of cost can get help covering these fees.

Transportation costs

The cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you own a car, or will you need to use public transportation? All of these questions can make a big difference in your estimated cost of transportation. Keeping in mind, first-year students are not allowed to park a car on campus.

A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area could be expensive, but there may be more trains, busses or low-cost flight options to actually get to school. Loyola University Chicagois located in a city in Illinois, near Chicago Metropolitan.

Other Costs

When budgeting for college, be sure to factor in personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Financial Breakdown for Loyola University Chicago

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Now, let’s go over all of the costs we've covered, to get a better idea of what is really costs to go to Loyola University Chicago.

How Much Does Loyola University Chicago Cost?

What will the cost of attending Loyola University Chicago be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$50,270
Room and Board	$13,275
Other expenses	$1,600

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$66,581
Off-Campus	$53,306

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Loyola University Chicago Financial Aid

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The majority of Loyola University Chicago undergrads use financial aid to help pay for school. In 2023, 6,726 of the 11,703 undergrads enrolled received financial aid. Loyola University Chicago meets 85.7% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $41,181 a year. Around 60.7% of Loyola University Chicago undergrads take out student loans to cover any remaining costs. Loyola University Chicago graduates who have student loans graduate with an average of $35,489 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$22,438
Loyola University Chicago-Specific Loans	$1,000
Private Loans	$57,650

Most Common Loans for Loyola University Chicago Students
Federal Loans	59.9%
Institutional Loans	0.2%
Private loans	14%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Loyola University Chicago financial aid, keep reading, or visit their financial aid website.

Scholarships at Loyola University Chicago

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Loyola University Chicago awarded 6,381 need-based scholarships to students, giving away total of $169.6 million to help students with financial need cover the cost of school. An additional $95.41 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Loyola University Chicago

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Loyola University Chicago students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Loyola University Chicago was $41,181 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Loyola University Chicago seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$25,400
Off-Campus	$12,125

What will attending Loyola University Chicago really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Loyola University Chicago's net cost calculator on their website.

Loyola University Chicago Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Loyola University Chicago does not have guaranteed tuition.

Loyola University Chicago offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Loyola University Chicago Tuition Waivers

Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.

Loyola University Chicago has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Loyola University Chicago's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Loyola University Chicago's endowment was $900.1 million. The average college endowment was $905 million in 2021. The school spends $12,412 for each full-time student enrolled.

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Learn More About Loyola University Chicago

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

Academics

Admissions

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