Loras College

Usually, college tuition rises about 3% year.

If these numbers seem daunting, remember, the total cost of tuition isn't the final cost for attending college. Many students owe much less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make the amount you do have to pay for college feel more doable until you're done with college.

Loras College meets 90% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Loras College is around $29,556 a year.

In 2020, students graduated with an average of $35,674 in student loans for each student with debt.

Does Loras College Offer In-State and Out-of-State Tuition?

Loras College is a private, religious institution, so it has the same tuition for students from Iowa as it does for students who live in other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Be sure to verify your state's guidelines for how to qualify for in-state residency. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria too, depending on where you live.

Explore other Iowa colleges

Tuition for International Students at Loras College

Tuition at Loras College is the same for all students.

Students from outside of the U.S. are not eligible for federal financial aid, but should research private or school-specific grants, scholarships, and other funding opportunities. International students with need may be eligible for the following types of financial support at Loras College:

•Loras College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

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Loras College Room, Board, Fees, and More

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In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Loras College.

Room and Board Costs at Loras College

Board costs vary based on on how many meals are included in the plan you choose.

How Much Do Books Cost at Loras College?

The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

The majority of colleges charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be other costs associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools have ways for students with financial need to get help covering these costs.

Planes, Trains, and Automobiles: Transportation costs at Loras College

The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these factors can make a big difference in your transportation budget. At Loras College, freshman are allowed to park on campus.

A school's location can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in an urban area might be pricey, but there may be more buses, trains and affordable flights to actually get to school. Loras Collegeis located in a suburb in Iowa.

Other Costs

When estimating your budget for college, be sure to consider personal expenses, like entertainment, clothes, furnishings and toiletries.

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The Full Cost of Attending Loras College

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Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Loras College.

Total Cost of Loras College

What will the cost of attending Loras College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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Financial Aid at Loras College

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The majority of Loras College undergrads use financial aid to help pay for school. In 2023, 839 of the 1,315 undergrads enrolled received financial aid. Loras College meets 90% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $29,556 a year. Around 76% of Loras College undergrads take out student loans to cover any remaining costs. Loras College graduates who have student loans graduate with an average of $35,674 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$27,898
Loras College-Specific Loans	$6,469
Private Loans	$27,541

Most Common Loans for Loras College Students
Federal Loans	76%
Institutional Loans	15%
Private loans	19%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Loras College financial aid, keep reading, or visit their financial aid website.

Scholarships at Loras College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Loras College awarded 828 need-based scholarships to students, giving away total of $19.8 million to help students with financial need cover the cost of school. An additional $8.29 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Loras College Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Loras College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Loras College was $29,556 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Loras College seem more manageable.

What will attending Loras College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Loras College's net cost calculator on their website.

Loras College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Loras College Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Loras College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Loras College's endowment was $44.5 million. The average college endowment was $905 million in 2021. The school spends $7,835 for each full-time student enrolled.

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Learn More About Loras College

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