Costs
The sticker price at Loyola is $65,788. This sticker price includes costs for tuition, books and supplies, room and board, and other miscellaneous expenses.
It’s also important to note that the cost of attendance can vary from year to year and typically it will rise over your four years in college. With that said, your financial aid will also be recalculated every year to take any price increases, as well as any changes in your financial situation, into account.
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.
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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 opens up on October 1st, and students should apply as soon as they can! 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!
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Pell Grants at Loyola University Chicago
22% 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: