The Value of a Loyola University Maryland Education
Rising college costs are a serious concern for most families. The rate of increase slowed during the last year, costs do continue to rise. But a college education plays a critical role in providing better career options, employment security, and a more productive, healthier, and happier life. It's an investment which continues to appreciate for the rest of your life.
The studies and statistics are consistent and irrefutable. There is a definite link between the level of education achieved and an individual's income and household net worth and displayed by the data collected by the U.S. Federal Reserve in its 2007 Survey of Consumer Finances.*
| Education Level (Head of Household) | Percentage of U.S. Population in Group | Average Pretax Household Income | Average Household Net Worth | Median Household Net Worth |
|---|---|---|---|---|
| No High School Diploma | 13.5% | $31,300 | $142,900 | $33,000 |
| High School Diploma | 32.9% | $51,100 | $251,600 | $80,300 |
| Some College | 18.4% | $68,100 | $365,900 | $84,700 |
| College Degree | 35.5% | $143,800 | $1,097,800 | $280,800 |
Estimates by the International Monetary Fund and World Bank put this return on an investment in higher education at between 20 and 30 percent.
It's more than just the money.
Everyone can agree that a college degree is more than just potential earning power and return on investment. Understanding history, art, science, philosophy and all the liberal arts disciplines that help explain the tapestry of the world and our place in it requires the systematic learning offered by higher education. A broadened, more tolerant mind and a sharpened intellect are benefits that cannot be displayed on statistical charts and graphs. Studies also consistently show that the better educated you are, the happier and more productive you're likely to be. You'll probably find few things during the rest of your life on which money can be better spent.
In short, we believe the high quality, values-based, Jesuit education provided by Loyola is worth the cost. We take great pride in the academic talent of the students who apply for admission to Loyola and of those who ultimately enroll. Likewise, we are very proud of the quality of our academic programs and the many positive influences provided through our residential life programs that supplement the formal classroom experience.
Recognizing that a college education is one of the single biggest investments a family makes, Loyola is willing to serve as a major partner, along with the family, federal and state government, and private organizations in making a Loyola degree possible. A reasonable level of financial commitment will be expected, but we believe that affordability should not be a barrier to choosing Loyola.
If you have not already done so, visit the financial aid website to learn more about Loyola' s need-based financial aid programs in addition to a variety of financing and monthly payment plan options.
*The most recent data collected from the 2010 U.S. Federal Reserve Survey of Consumer Finances will be available in the first half of 2012.
Undergraduate Admission
4501 N. Charles Street, Baltimore, MD 21210
410-617-5012 | Toll Free: 1-800-221-9107
