Princeton Review names Loyola to list of “Colleges that Pay You Back” for 2017
Loyola University Maryland was recognized again as a best value in higher education by The Princeton Review in its annual guide to “Colleges that Pay You Back.” Loyola has appeared on this list in each of the three years it has been published.
The 200 U.S. colleges and universities on the 2017 list offer students a rigorous academic experience that builds outstanding career foundations, all at an affordable cost.
“A Loyola education in the Ignatian tradition prepares students for a lifetime of contributing to the workplace and to society, and we have a responsibility to continue ensuring this education is accessible to exceptionally promising students regardless of financial need,” said Rev. Brian F. Linnane, S.J., president of Loyola. “Meeting, and ultimately exceeding, that responsibility requires the tireless commitment of every member of our campus community. I am grateful for their dedication, and honored to know their work has again placed Loyola among the most prestigious institutions in the country.”
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 2016-17 academic year, Loyola-funded grants and scholarships totaled more than $75 million, representing 4,270 awards and 74 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 increased substantially over the past decade.
Loyola’s profile in the guide noted that “the financial aid office works tirelessly to help students in whatever manner they can. To that end, the university offers undergrads a variety of scholarships and grants.” The Princeton Review also reported that the average total need-based gift aid Loyola awards first-year students is $21,995, and the average for all undergraduates is $22,245.
“The colleges we have identified offer superb value,” said Robert Franek, The Princeton Review’s editor-in-chief. “Students at these colleges have access to extraordinary career services programs from their freshman year on, plus a lifetime of alumni connections and post-grad support.”
Ninety-six percent of the undergraduate Class of 2015, the most recent surveyed, is either employed, enrolled in graduate/professional school, or engaged in full-time service. In accordance with its new strategic plan, Loyola will make career outcomes a distinctive feature of graduate, undergraduate, and alumni experiences through a variety of key initiatives.
The Princeton Review selected Loyola and 199 other schools based on a comprehensive analysis of more than 650 colleges that weighted more than 40 data points to tally return on investment ratings. Data analyzed covered academics, cost, financial aid, graduation rates, student debt, and the results of an online compensation survey by PayScale.com on starting and mid-career salaries of alumni from each school. Loyola ranked in the top 6 percent nationally for this metric in PayScale’s 2016-17 report.
More information about the “Colleges that Pay You Back” guide is available at princetonreview.com.