Loyola University Maryland

Office of Financial Aid

Affordability and Price

We do all we can to make sure all students accepted to Loyola can afford it.

As a Jesuit university, we are committed to making a Loyola education affordable and attainable for students from all financial backgrounds. That’s why 99% of students currently enrolled at Loyola are receiving some form of aid—and our average net price for first-time students who receive aid is $25,782.

When you’re considering Loyola, you and your family may have a lot of questions about how you will cover the costs of tuition, housing, and other expenses, and our financial aid team is here to help! Our experienced financial aid counselors are dedicated to helping each family plan for their educational expenses at Loyola.

A Loyola education is more affordable than you think

Once you factor in merit scholarships and other forms of financial aid, you may discover that the actual out-of-pocket cost to attend Loyola is more affordable than you think. Our generous financial aid packages can help fill the financial gap between the total cost of attendance and what your family can contribute.

$40,603 Average need-based financial aid package for first-time students
98% of students receive a Loyola-funded scholarship or grant
99% of students receive financial aid
$25,782 Average net price for first-time students who received need-based aid

Tuition, Price, and Affordability

Loyola’s commitment to affordability and transparency

As part of our commitment to making a Loyola education affordable and accessible for all students, we are also dedicated to maintaining transparency in our pricing. A Jesuit education is an active transformation and to benefit fully from it, it must be directly taught, personally experienced, deeply understood, and put into living practice. Loyola deploys its full resources to ensure that these transformative experiences are accessible to each student—wherever their minds and hearts lead, from the day they arrive on our campus to the moment they set foot in the world. This is why at Loyola, our tuition cost is inclusive of many experiences and activities that other schools often charge separately for.

Here are a few ways Loyola makes a difference when it comes to affordability and cost to maximize your experience:

We've made the financial aid application process easier for you

Incoming and returning students can now apply for financial aid in one easy step—by filing the Free Application for Federal Student Aid (FAFSA). Please note that International, DACA, and undocumented applicants must submit the CSS Profile Application to be considered for need-based aid.

No comprehensive fee

Loyola doesn’t charge a separate comprehensive fee in addition to tuition. This fee can be as much as $1,500 a year at other institutions.

No hidden fees after you enroll

Most universities charge additional non-academic fees for orientation, transcript requests, graduation, etc., but Loyola is different. The price you see below includes all costs directly billed by Loyola. We don't have hidden fees or surcharges, so you won't be surprised when you get your bill.

Study abroad is included in your tuition

At Loyola, you'll be able to choose from study abroad programs in more than 25 countries around the world. And any financial aid you receive from Loyola (scholarships, grants) can be used for all semester and year-long study abroad programs sponsored by Loyola.

Your merit scholarship is locked in for four years

Your merit scholarship is automatically renewed for four years (8 semesters, fall and spring) provided you maintain full-time enrollment each term (minimum 12 credits per semester), and a cumulative grade point average of at least 2.0.

Laundry is included in your room rate

You won’t need to dig out quarters for laundry on the Evergreen Campus because laundry is already included in your housing room rate. This includes two wash/dry cycles per week for a total of 30 loads per semester.

We accept outside scholarships and transfer credits

Our goal is to incorporate privately-funded awards and awards from other outside sources in a student's financial aid package as favorably as possible. Your outside scholarships will always be added to your aid package to fill in any unmet need first. You earned that outside scholarship, and we want you to receive the fullest benefit possible.

Loyola also accepts transfer credits and credit by exam, which helps to reduce the number of credit hours you need to take to graduate.

Two free summer courses for transfer students

We understand that transferring to a new college can be a difficult adjustment. That’s why Loyola offers transfer students the opportunity to take up to two free summer courses after one full semester at Loyola. These free summer sessions give students the opportunity to catch up or even get ahead in their major or core curriculum.

Programs enhancing access and affordability

In addition to providing grants and scholarships, Loyola continues to seek new and innovative ways to assist students and families with the rising costs of higher education. These initiatives include our Charm City Promise Program, Community College Partnerships, Seamless Transfer Program, and participation in the Yellow Ribbon Program.

Double Greyhound Alumni Discount

Once a Greyhound, always a Greyhound. Through our Double Greyhound Alumni Discount program, a 15% tuition discount is available to students who graduated with a degree from Loyola University Maryland and are in enrolled in a qualifying master’s degree program.

Tuition, room, and meal plan costs

While the tuition, housing, and food costs for 2023-2024 are $72,360, the actual cost most families pay is much lower due to financial aid, grants, and scholarships.

When calculating your financial aid eligibility, Loyola considers additional expenses which you may incur outside of your bill from the University—such as books and supplies, transportation, and miscellaneous personal expenses—to estimate your overall financial need.

2023-24 Academic Year Costs

  Fall 2023 Spring 2024 Total
Tuition Undergraduate (full-time), 12-18 credits/term $27,740 $27,740 $55,480
Deposit Housing Damage Deposit for new residents $45 $0 $45
Housing Residence Halls $5,635 $5,635 $11,270
Apartments $6,350 $6,350 $12,700
Food* Plan 14 (the minimum First-year Plan, which includes 14 meals/week and 200 meal points) See additional first-year and upperclass meal plan options. $2,805 $2,805 $5,610

Determining Need and Cost of Attendance

The Loyola Office of Financial Aid uses the following federal formula to determine eligibility for need-based financial aid: 

Cost of Attendance - Expected Family Contribution = Need

Cost of Attendance (COA)

The Cost of Attendance (COA), sometimes referred to as the student budget, is an estimate of what it will cost to attend Loyola for one year. It’s intended to help the applicant budget, but it’s also used by the financial aid office to determine eligibility for aid. The COA includes tuition; living expenses (housing and food); books, course materials, supplies, and equipment; transportation; personal expenses, and average student loan fees. The COA is not a bill and actual expenses will vary by student. At Loyola, students will be billed for tuition, on-campus housing, and food plans.

Expected Family Contribution (EFC)

The Expected Family Contribution (EFC) is determined based on information provided on the Free Application for Federal Student Aid (FAFSA). Some of the information used to calculate the EFC includes income, assets and demographic factors like family size, number of children enrolled in college, and age of the older parent. The EFC is calculated according to a formula established by the federal government.


Need is the difference between the Cost of Attendance and the Expected Family Contribution. Once we calculate your need, we can determine a student’s eligibility for grants, student employment and loans. Though we cannot guarantee to meet full demonstrated need, we strive to provide funding that makes it possible for students to attend. Students who have no financial need are eligible to be considered for non-need-based loans.

2023-24 Academic Year Cost of Attendance

Tuition is actual. On-campus housing is based on the average cost of all available housing. Food considers 21 meals per week. Actual costs may vary by student choices.

On-Campus - First and Second Year
Tuition $55,480
Living Expenses: Housing $11,690
Living Expenses: Food $6,550
Books, Course Materials, Supplies, and Equipment $800
Transportation $500
Miscellaneous Personal Expenses $500
Loan Fees $70
Total $75,590
On-Campus - Third and Fourth Year
Tuition $55,480
Living Expenses: Housing $11,690
Living Expenses: Food $4,600
Books, Course Materials, Supplies, and Equipment $800
Transportation $500
Miscellaneous Personal Expenses $500
Loan Fees $70
Total $73,640
Tuition $55,480
Living Expenses (housing and food) $10,770
Books, Course Materials, Supplies, and Equipment $800
Transportation $500
Miscellaneous Personal Expenses $500
Loan Fees $70
Total $68,120
Living With Parent
Tuition $55,480
Living Expenses (housing and food) $4,090
Books, Course Materials, Supplies, and Equipment $800
Transportation $500
Miscellaneous Personal Expenses $500
Loan Fees $70
Total $61,440
Estimate your out-of-pocket costs
A Loyola education is an investment in yourself

We know that while you're considering your options for college, both you and your family are looking for affordability and value. The exceptional success of our graduates demonstrates a return on your college investment. A Loyola education will prepare you not just for your first steps after graduation, but for a lifetime of personal and professional fulfillment. The people you meet, the classes you take, and the experiences you have at Loyola will inspire you to think critically, to ask the tough questions, to seek innovative solutions, and to value diverse perspectives.

That’s why our alumni are so highly sought-after by recruiters, by employers, and by graduate and professional programs—and why 98% are employed or pursuing graduate or professional degrees within six to nine months of receiving their Loyola diplomas. We invite you to learn more about how Loyola prepares you for life. All of it.

Business professor Michael Runnels speaks with students
Top 2% in the nation for long term return on investment out of 4,500 universities
A female student pointing to her research presentation poster as she speaks with three other individuals
98% of graduates are employed, in graduate or professional school, or participating in a year of service within 6-9 months of graduation since 2018
Making A Loyola Education Possible

Both our merit-based scholarships and need-based financial aid programs reflect our dedication to making a Loyola education possible. Learn more about the scholarships and grants available to students.

Students chatting with a Loyola administrator outside on the grassy Quad with flowers in the foreground

Ready to Apply?

The timeline and application process for applying for financial aid varies by the type of student. Review our Financial Aid brochure, then follow the appropriate process to ensure you receive the maximum consideration for scholarships and financial aid.

Apply for Financial Aid