Loyola University Chicago

Using State Grants at Loyola

Illinois residents considering Loyola should be sure to look into the MAP program. In-state students who demonstrate financial need can qualify for MAP grant money from the state as long as the program is on the list of approved colleges. The program can pay up to $8,400 per year towards your education. Approved schools include both public and private options.

Loyola University Chicago Financial Aid

Students who are applying for financial aid at Loyola University Chicago need to submit the Free Application for Federal Student Aid (or FAFSA). The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.

The FAFSA code for Loyola University Chicago is 001710.

If you are looking for more information on how to complete the FAFSA, check out our How to Complete the FAFSA Guide.

National Merit Scholarships

If you scored exceptionally high on the PSAT/NMSQT, you may have been named a National Merit Scholarship Finalist. Did you know that this distinction could earn you a scholarship at Loyola University Chicago? Loyola offers scholarship money to National Merit Scholarship Finalists, although terms may vary. Some schools require you to list them as your first choice in order to receive the benefit, and others may impose additional need-based or academic requirements. Be sure to check Loyola's website for more information!

Pell Grants at Loyola University Chicago

23% of students at Loyola University Chicago receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to Loyola University Chicago.

You can learn more about Pell Grant eligibility here.

Outside Scholarships

Loyola students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:

• Top scholarships for high school seniors
• Top scholarships for college students
• Scholarship database

1228 is the median SAT score and 30 is the median ACT score for admitted students at Loyola. A score that is close to this median value indicates that you have a good chance of admission to the institution. However, it’s important to remember that colleges judge applications holistically. If the rest of your application is strong, it’s possible to make up for lower test scores.

Does Loyola University Chicago charge an application fee?

Good news! Loyola University Chicago does not charge application fees, so you can apply for free. If you think there is any chance you’d like to attend Loyola University Chicago, consider sending in an application since it will not cost you anything.

Is Loyola test-optional?

Loyola University Chicago is test-optional, which means that it does not require applicants to submit their SAT or ACT scores. That means that some students will submit their test scores and others will not. If you choose not to submit your ACT or SAT score, the admissions officers will weigh your grades, extracurricular activities, essays, and interviews more heavily. If you are not sure whether you should submit your standardized test scores, our guide on submitting scores to test-optional schools can help.

What SAT/ACT score do you need to get into Loyola University Chicago?

Colleges use standardized tests like the SAT and ACT as one of many factors to determine their admissions decisions. A high score on one of these tests does not guarantee admission to a college, and a low score does not guarantee rejection. However, the majority of accepted applicants to Loyola University Chicago receive between a 27 and a 31 on their ACT, or a 1140 and a 1340 on their SAT.

Rolling deadline at Loyola

Loyola University Chicago accepts applications on a rolling basis. That means that the earlier you submit your application, the better chance you have of gaining admission and strong financial aid. Many schools with rolling admissions have priority deadlines, which means that students that submit their application before these dates have a better chance of receiving financial aid. Be sure to check Loyola's website to become familiar with their admissions dates.

What is the graduation rate at Loyola University Chicago?

71% of students who start at Loyola University Chicago end up finishing their degree within six years of enrolling. This is 13% more than the national median. A higher graduation rate indicates that students have better experiences at an institution.

How much do graduates of Loyola University Chicago go on to earn?

10 years after starting school at Loyola University Chicago, the median earnings among students who received federal financial aid was $71,530. This is $21,139 more than the national median.

Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.

How much do students at Loyola take out in loans?

Graduates of Loyola have to take out a median of $24,157 in federal student loans. This is $10,657 more than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.