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#6 Best Private Colleges in Illinois

Loyola Tuition & Cost

Chicago, Illinois

 6 Reviews

How much does it cost to attend?

Sticker Price
$63,640
Costs for Loyola University Chicago
Fee Cost
Tuition$45,500
Books and Supplies$1,200
Other Fees$560
Room and Board $14,780
Other Expenses Budget$1,600

Annual Prices

The annual list price to attend Loyola University Chicago on a full time basis for 2020/2021 is $63,640 for all students regardless of their residency. This fee is comprised of $45,500 for tuition, $14,780 room and board, $1,200 for books and supplies and $560 for other fees. Out of state tuition for Loyola University Chicago is $45,500, the same as Illinois residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Loyola University Chicago when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$37,731
Net Price by Income Loyola University Chicago
Family Income Net Price Paid
$0 to $30,000$29,263
$30,001 to $48,000$29,357
$48,001 to $75,000$32,229
$75,001 to $110,000$36,291
$110,000+$40,835

The average reported annual net price for Loyola University Chicago for students receiving grants or scholarship aid was $37,731 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

99% of full-time undergrad Loyola University Chicago received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $23,357 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 60% of students received Federal Student Loans averaging $5,426 and 10% of undergrads took out private student loans averaging $23,918.

Finanical Aid Loyola University Chicago
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $23,357 99%
Institutional Grants and Scholarships $21,323 98%
Pell Grants $4,774 21%
Other Federal Grants $1,354 9%
State and Local Grants $5,050 17%
Federal Student Loans $5,426 60%
Other Student Loans $23,918 10%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Loyola University Chicago, we've modeled a ten year student loan with an original principal value of $115,904. The loan balance of $115,904 is a four year multiple of the $28,976 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,106 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $115,904
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,105.85
Total Interest Paid $16,798.24
Sum of All Loan Payments $132,702.24

Projected 4 Year Degree Price

4 Year Sticker Price
$254,560
Year All Residents
1 $63,640
2 $65,712
3 $67,851
4 $70,061

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Loyola University Chicago to be $254,560 - assuming graduation in normal time. The estimation assumes a 3.3% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Loyola University Chicago
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $840 $2,520 $3,360

Estimated cost for a class at Loyola University Chicago based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Loyola University Chicago versus other colleges.

Tuition Payment Plans Available

Loyola University Chicago Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=146719 IPEDS survey data for Loyola University Chicago.