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Colleges / Loyola University Maryland

Loyola University Maryland Tuition Information

In 2021, tuition for full-time students at Loyola University Maryland was $52,130 a year.

Tuition increased 4.89 percent in 2021, from $49,700 the prior year. On average, colleges raise tuition about 3 percent each year.

If these numbers seem daunting, remember, the "sticker price" of tuition doesn't give you enough information to determine the actual cost. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college more manageable.

Does Loyola University Maryland Offer In-State and Out-of-State Tuition?

Loyola University Maryland is a private, religious institution, so it has the same tuition for residents of Maryland as it does for residents from 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 can cut the cost of college tuition. Every state has their own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school.

Explore other Maryland colleges

Loyola University Maryland International Student Tuition

Loyola University Maryland has the same tuition for international students as for those from out of state.

International students are not eligible for federal financial aid, but may be eligible for school-specific aid and scholarships.

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

Loyola University Maryland Living Expenses and Other Costs

In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies.

Room and Board at Loyola University Maryland

Room and board at Loyola University Maryland is $16,100 a year. This includes the cost of living in dorms or other campus housing, plus a meal plan that allows you to eat in the school dining facilities. Students who live off campus but still want to use the dining facility can pay for a meal plan. The cost of board-only is $7,000.

Board costs may vary depending on how many meals are included in the meal plan you choose.

Cost of Books at Loyola University Maryland

The cost of books often surprises first-year college students. At Loyola University Maryland, you can expect to pay about $1,100 a year for books and supplies. This does not count the initial cost of a computer or other technology. The actual cost of books depends on the courses you take and the materials required.

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.

There may also be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team, may mean additional fees.

Transportation costs

The total cost of transportation in college can really vary. It depends on if you drive or fly to get to school, own a car, or if you prefer to walk or take public transportation to get around campus.

A school's location can impact transportation costs. The Loyola University Maryland campus is in a urban setting in Maryland, not far from Washington and DC. First-year students are not allowed to park a car on campus.

For Loyola University Maryland students, $500 is good ballpark for transportation costs for on-campus students. $2,940 is a good estimate for transportation costs for students who live off campus.

Other College Costs

When creating a budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.

Let’s look at the breakdown of all expenses, which can add up for both on-campus and off-campus students.

How much does Loyola University Maryland cost?

2021 Total Tuition and Expenses
Tuition $52,130
Room and Board $16,100
Board Only $2,940
Books and Supplies $1,100
Transportation $500
Other expenses $1,070
Total Estimated Costs
On-Campus $70,400
Off-Campus $57,500

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

Loyola University Maryland’s tuition and fees change based on: Course load for part-time students

Financial Aid at Loyola University Maryland

The majority of Loyola University Maryland undergrads use financial aid to finance their education. In 2021, 2,087 of the 3,822 undergrads enrolled received financial aid. Loyola University Maryland meets 85 percent of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $37,290 a year. Around 62 percent of Loyola University Maryland undergrads take out student loans to cover any remaining costs. Loyola University Maryland graduates who have student loans graduate with an average of $39,177 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans $24,100
State Loans $0
Loyola University Maryland-Specific Loans $4,222
Private Loans $51,015
Most Common Loans for Loyola University Maryland Students
Federal Loans 58%
Institutional Loans 1%
Private loans 18%

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 Loyola University Maryland financial aid, keep reading, or visit their financial aid website.

Scholarships at Loyola University Maryland

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 2021, Loyola University Maryland awarded 1,629 need-based scholarships to students, giving away total of $64,197,503 to help students with financial need cover the cost of school. An additional $29,391,009 in merit-based scholarship money was awarded to students without demonstrated financial need.

Loyola University Maryland 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 Loyola University Maryland 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 Loyola University Maryland was $37,290 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Loyola University Maryland seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus $33,110
Off-Campus $20,210

What will attending Loyola University Maryland 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 Loyola University Maryland's net cost calculator on their website.

Loyola University Maryland Tuition Payment Plans

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

Loyola University Maryland does not have guaranteed tuition.

The school offers a Prepaid Tuition Plan, which is a type of college savings plan that enables people to purchase future credits for their children at today's rate. It is best for people who are sure they or their child will attend a public school in their state.

Loyola University Maryland offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Loyola University Maryland Tuition Waivers

Schools sometimes offer tuition waivers to certain groups to cover some or all of the cost of tuition. Some schools offer them for employees and their family, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student

Loyola University Maryland has some full or partial tuition waivers available for: Employees or Children of Employees

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

Loyola University Maryland Tuition & Fees

Tuition & Fees

$69,330

In State

$69,330

Out-of-State
Cost Breakdown
In State
Out-of-State
State Tuition
$52,130
$52,130
Fees
Unknown
Unknown
Housing
$16,100
$16,100
Books
$1,100
$1,100

Loyola University Maryland Financial Aid

Students Who Receive Need-Based Aid

42%

Average Financial Aid Package

$36,690

© 2021 College Confidential / Concentrical LLC, Data provided by IPEDs and Peterson's Databases, © 2020 Peterson's LLC.

Quick Facts

Total Enrollment

5,282

Campus Setting

Urban

Acceptance Rate

80%

Tuition and Fees

In State

$52,130

Out-of-State

$52,130

Fall Freshmen
Application Deadline

Jan 15
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