Loyola named to Princeton Review’s 2016 list of “Colleges that Pay You Back”
Loyola University Maryland was recognized by The Princeton Review as a best value in higher education in its 2016 guide to “Colleges that Pay You Back.”
This is the second year in a row Loyola was included on The Princeton Review’s list of 200 U.S. colleges and universities that lead the nation in a blend of stellar academics, affordable cost, and strong career prospects of graduates.
“I am thrilled that once again our commitment to ensuring Loyola’s transformative educational experience remains accessible to all students, regardless of their financial situation, has been lauded by The Princeton Review,” said Rev. Brian F. Linnane, S.J., president of Loyola. “The immediate contributions our alumni make in the workplace and in the community is a testament to our efforts to prepare students who strive for leadership in everything they do.”
The Princeton Review gave Loyola a financial aid rating of 94 out of 99, indicating the University awards a substantial amount of institutional financial aid and students are highly satisfied with that aid. For the 2015-16 academic year, Loyola-funded grants and scholarships totaled nearly $69 million, representing 3,784 awards and 72 percent of all the financial aid received by undergraduate students. In addition, the number of first-year Loyola students who receive federal Pell grants has more than doubled over the past decade.
“Loyola University Maryland truly believes that a high-quality education should be available to anyone, no matter their financial circumstances. And the financial aid office works tirelessly to help students in whatever manner they can,” The Princeton Review noted in the ‘Bang for Your Buck’ section of Loyola’s profile.
Ninety-seven percent of the undergraduate Class of 2014, the most recent surveyed, is either employed or in graduate/professional school.
"Students at [the schools on our list of “Colleges that Pay You Back”] … have access to extraordinary career services programs from their freshman year on, plus a lifetime of alumni connections and post-grad support,” said Robert Franek, The Princeton Review’s Senior VP/Publisher and lead author of the guide.
The Princeton Review developed a “Return-on-Education” (ROE) rating to choose 200 colleges and universities from 650 considered for the guide, which does not rank schools individually. ROE weighs dozens of data points covering academics, costs, financial aid, student debt, graduation rates, and alumni salaries and job satisfaction. The data were collected from institutional and student surveys and from PayScale.com’s alumni career and salary statistics.
In January 2016 Loyola was named a “Best College Value” by Kiplinger’s Personal Finance magazine. In 2015, PayScale.com ranked Loyola in the top 5 percent of U.S. universities for mid-career salary potential of graduates and in the top 6 percent of U.S. universities for return on investment. Last year Loyola’s value was also lauded by Money Magazine and recognized by the Brookings Institution.
More information about Colleges That Pay You Back: The 200 Schools That Give You the Best Bang for Your Tuition Buck - 2016 Edition is available at princetonreview.com/colleges-pay-you-back.