Rising college costs are a serious concern for most families. Although 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. For more information please visit: www.loyola.edu/financialaid.
|Charge||Fall 2013||Spring 2014||Total|
|Housing Damage Deposit||$45||-||$45|
|Room||First-Year Student Rate||$4,650||$4,650||$9,300|
|Meal Services||First-Year Student Rate||$1,500||$1,500||$3,000|
Beginning Fall 2013, dining services will include meal plans. Our plans will offer "All-You-Care-to-Eat" meals focused on fresh, made-from-scrath seasonal items with new menus daily. Students will have a choice of a wide variety of delicious and healthy meals featuring local and sustainable foods with selections for every diet including vegan, vegetarian, and gluten-free. The plans will also offer Greyhound Express meals for students who are short on time and seeking healthy meal options. More information may be found at www.loyola.edu/mealplan.
Applicants are selected for academic scholarships based on a comprehensive review including strong academic performance while pursuing the most demanding curriculum available at their schools. In addition, candidates have explored various opportunities outside of the classroom (e.g., community service, employment, athletics, and/or leadership, etc.) SAT and ACT scores are not required for consideration. Financial need is not a factor in determining eligibility for academic scholarship.
All recipients of merit-based scholarships will be notified no later than April 1. A separate scholarship application is not required.
Applicants for need-based financial aid must file the 2013-2014 CSS PROFILE Application, and the 2013-2014 Free Application for Federal Student Aid (FAFSA). The financial aid application filing deadline was Feb. 15. Students who met this deadline will be notified of their eligibility for financial aid no later than April 10.
Successive rounds of financial aid decisions will be made on a weekly basis until all federal and institutional financial aid funds available for entering first-year students have been exhausted. Therefore, if you have not filed the CSS PROFILE Application and the FAFSA, you should do so as soon as possible. All applicants for financial aid must provide their Social Security Number (SSN) to the office of financial aid if it was not provided on the application for admission. The SSN is a primary identifier and is required to assure the accurate electronic transmission of the data supplied on the CSS PROFILE Application and the FAFSA.
For more information visit: www.loyola.edu/financialaid.
The studies and statistics are consistent and irrefutable. There is a definite link between the level of education achieved, an individual's income and the unemployment rate in 2012. The following data was collected by the Bureau of Labor Statistics, Current Population Survey.
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.