#6 Best Private Colleges in Illinois

Loyola Tuition & Cost

Chicago, Illinois

 4 Reviews

How much does it cost to attend?

Sticker Price
Costs for Loyola University Chicago
Fee Cost
Books and Supplies$1,200
Other Fees$1,438
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 2018/2019 is $63,123 for all students regardless of their residency. This fee is comprised of $44,105 for tuition, $14,780 room and board, $1,200 for books and supplies and $1,438 for other fees. Out of state tuition for Loyola University Chicago is $44,105, the same as Illinois residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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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 2018/2019
Net Price by Income Loyola University Chicago
Family Income Net Price Paid
$0 to $30,000$29,440
$30,001 to $48,000$29,788
$48,001 to $75,000$32,259
$75,001 to $110,000$36,700

The average reported annual net price for Loyola University Chicago for students receiving grants or scholarship aid was $36,388 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Costs for Similar Colleges

Financial Aid

98% 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 $22,998 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 64% of students received Federal Student Loans averaging $5,450 and 10% of undergrads took out private student loans averaging $22,684.

Finanical Aid Loyola University Chicago
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $22,998 98%
Institutional Grants and Scholarships $20,918 98%
Pell Grants $4,802 23%
Other Federal Grants $611 11%
State and Local Grants $4,671 19%
Federal Student Loans $5,450 64%
Other Student Loans $22,684 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
Year All Residents
1 $63,123
2 $65,903
3 $68,805
4 $71,835

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 $252,492 - assuming graduation in normal time. The estimation assumes a 4.4% 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 $814 $2,442 $3,256

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.