Loyola University Chicago (LUC) Loans, Tuition, Costs & More

This is the complete guide to Loyola University Chicago (LUC) tuition, costs and student loans. If you’re considering Loyola University Chicago (LUC), you’re likely focussed on that huge, glaring sticker price: $N/A.

If you’re still trying to figure out if you can get into the school, try our college chances calculator for Loyola University Chicago (LUC)

That expensive sticker price can be extremely misleading and does not usually represent the true cost of Loyola University Chicago (LUC). The reality is that a huge percentage of students who attend Loyola University Chicago (LUC) do not pay that number.

What you are most likely concerned with is what you and your family will pay for Loyola University Chicago (LUC), which is dependent on a range of factors from family income to state residency.

Before we get started, if you have any doubts about your ability to afford Loyola University Chicago (LUC) and are interested in student loans to support your education, the below vendors specifically lend to Loyola University Chicago (LUC) students - click any of them to learn more about their rates and requirements.

Now, let’s break down that scary sticker price first.

How much is Loyola University Chicago (LUC) tuition?

The average annual cost for students at Loyola University Chicago (LUC) is $34024. The dictionary definition of average annual cost covers expenses like tuition, books and fees, and other miscellaneous items. That’s an important distinction from the total cost of attending Loyola University Chicago (LUC).

Essentially, tuition is only what you pay to attend classes at Loyola University Chicago (LUC). The annual charge of $N/A often excludes dozens of other expenses. Therefore, the true cost of Loyola University Chicago (LUC) is much higher than either of these prices (more on this later).

At the same time, however, tuition does not take into account factors that can help a student or family afford college, such as scholarships, student loans and grants.

Therefore, although an important benchmark, the $44048 for Loyola University Chicago (LUC) is likely not a good indicator of what you can expect to pay if you attend the school.

What is the total cost of Loyola University Chicago (LUC)?

If you’re already thinking of this question, you’re one step ahead of us! And you’re on the right track… .The total cost of attending Loyola University Chicago (LUC) is $N/A and is much more indicative of how much you will pay over the course of one year to attend the school - with one BIG caveat: total cost excludes financial supports that help reduce the cost of attending school, like scholarships at Loyola University Chicago (LUC).

Still, if you do not plan on receiving financial aid, student loans and the like then the Loyola University Chicago (LUC) cost of attendance is the best indicator to consider.

What does the total cost of Loyola University Chicago (LUC) include?

The total cost of Loyola University Chicago (LUC) includes tuition and other common, material expenses, like textbooks and supplies, room and board, and meal costs, minus the average amount of financial aid and scholarships.

Importantly, this does not reflect the price you will likely pay based on your income bracket.

What is the price of room and board at Loyola University Chicago (LUC)?

The cost of rooming and dorms at Loyola University Chicago (LUC) is $8800

The cost of meals at Loyola University Chicago (LUC) is $5280.

Loyola University Chicago (LUC) does not fully report room and boarding charges.

How can I afford Loyola University Chicago (LUC)?

You should use a variety of financial tools to offset the cost of Loyola University Chicago (LUC).

It’s easy to lose track of all the assets at your disposal, but the most common can be categorized into grants, loans, and scholarships.

At Loyola University Chicago (LUC), 0.2578% of students receive a pell grant. Furthermore, 0.5624% of students borrow federal student loans to help pay for the school.

If you will use student loans to help pay for Loyola University Chicago (LUC), these providers below all work with Loyola University Chicago (LUC) students.

How much will I pay for Loyola University Chicago (LUC)?

This is the million dollar question - literally! Loyola University Chicago (LUC) students pay a variety of prices to attend the institution, as you already know. A very easy way to determine an average price you can expect to pay is by using your average family income and comparing it to the table below.

For additional insight, try using the Loyola University Chicago (LUC) net price calculator.

How much debt will I graduate with from Loyola University Chicago (LUC)?

Beyond the years you plan on spending at Loyola University Chicago (LUC), the financial repercussions of Loyola University Chicago (LUC) tuition will stay with you for awhile, especially if you take out loans to finance the education.

The median debt for students who have completed a degree at Loyola University Chicago (LUC) is $25000.0. We can break down this number further by household income and student type (see where you might fit in):

Is Loyola University Chicago (LUC) worth the cost?

Going to college is an investment, and like all investments, you should look at the ROI of attending Loyola University Chicago (LUC).

Luckily, we can provide some insightful data to help determine whether or not Loyola University Chicago (LUC) is worth the cost by examining what past graduates are earning now.

The average salary of students who were working six years after graduating from Loyola University Chicago (LUC) is $45200 (the median is $42700).

After 8 years, the average salary for Loyola University Chicago (LUC) graduates is $N/A.

10 years out, the average salary for Loyola University Chicago (LUC) graduates is $63500.

I think it’s particularly interesting to look at the salary 10 years after graduation, and it’s probably more indicative of whether Loyola University Chicago (LUC) is worth the cost. The real upside of a college degree is that it puts you on a path where your future salary can increase substantially, and it may be hard to achieve that upside without a college degree.

For example, after graduating from Loyola University Chicago (LUC) you may get a job where the salary is not too much more than you’d make without a college degree, and you may have taken out a lot of loans to get there!

However, if you stay in that position for 5 or 10 years, you will likely begin doubling and tripling what you’re making.

The future earnings potential is going to be much higher if you go to Loyola University Chicago (LUC) compared to not attending college at all. Therefore, it’s about maximizing that opportunity and reducing the debt needed to get there.

How do Loyola University Chicago (LUC) graduates fare compared to similar schools?

This is an important question because if you’re considering Loyola University Chicago (LUC), you likely have other options on the table.

Often times, students enroll in the cheapest university available to them. But, as we know from above, this isn’t the whole story.

For example, you would pay 5% more for a college if you knew the average salary would also be 10% higher, wouldn’t you?

There’s a lot of reasons why the average salary for Loyola University Chicago (LUC) students would differ from its peer schools. Perhaps the most popular areas of study align with higher or lower paying careers, or the school has a massive and supportive alumni network.

Here are just a few related schools to Loyola University Chicago (LUC) that may be of interest. Click on any one to break down their costs and performance outcomes further.

How much does Loyola University Chicago (LUC) cost per semester?

Assuming there are two semesters at Loyola University Chicago (LUC), you will pay $17012 per semester.

How much does Loyola University Chicago (LUC) cost per year?

This is effectively the total annual cost of Loyola University Chicago (LUC), which is $N/A. However, you can also add room and board, textbooks, and other fees listed above onto that number to better determine how you will really spend in one year of attendance.

Is it possible to attend Loyola University Chicago (LUC) for free?

In theory, yes it is possible to attend Loyola University Chicago (LUC) for free. If you are a stellar student, you may get a scholarship to cover the entire cost of the education.

Similarly, if you are a student athlete, you may receive a full scholarship to be on a sports team.

Unless you are receiving a “full ride” (e.g. full scholarship) to attend Loyola University Chicago (LUC), though, it won’t be free. If you take out loans to finance the school, you may pay very little in the near term but all of that money must still be paid off in the long term.

If you're trying to get in to Loyola University Chicago (LUC) read about the requirements here