Financial Aid and Tuition

Loyola believes that the cost of a high-quality education should not be a deterrent to prospective applicants. In recognition of the concern students and families have with finding adequate resources to meet these costs, our financial aid program is designed to make Loyola affordable to those students we admit. Approximately 85 percent of all undergraduates receive some form of aid from federal, state, institutional, and private sources. Of that aid, 74 percent is a Loyola-funded scholarship or grant. Loyola also offers several merit-based scholarships, awarded to students based on their academic achievements.

Learn about the value of a Loyola education

Need-Based Financial Aid

Need-based financial aid is administered by the office of financial aid.

  • To be considered for need-based financial aid, applicants must file the CSS PROFILE Application and the Free Application for Federal Student Aid (FAFSA)
  • For more information regarding need-based financial aid deadlines, please visit
  • International applicants are not eligible for need-based financial aid

Learn about the financial aid application process

Merit-Based Scholarships

Merit-based scholarships are administered by the undergraduate admission office.

First-Year Merit Scholarships

  • All first-year applicants are eligible to receive merit-based scholarships
  • No separate application is needed to be considered for merit-based scholarships
  • If you receive a merit-based scholarship, you will be notified at the time of admission
  • Early Action first-year applicants receive priority consideration for merit-based scholarships
  • Financial need is not a factor in determining merit-based scholarship eligibility
  • The undergraduate admission office administers three merit-based scholarships: the Presidential Scholarship, the Loyola Award, and the Magis Award

Transfer Merit Scholarships

  • All transfer applicants are eligible to receive merit-based scholarships from $10,000-$20,000
  • Eligibility is based on the student's academic performance in college-level coursework
  • Financial need is not a factor in determining merit-based scholarship eligibility

First-year and Transfer students can also apply for additional scholarships administered by different departments. Learn about other scholarship opportunities.