Loyola University Maryland

In 2022, tuition for full-time students at Loyola University Maryland was $55,480 a year.

Tuition increased 3.84% in 2023–from $53,430 the prior year. On average, colleges raise tuition about 3% each year.

If these numbers seem daunting, remember, the total cost of tuition isn't the final cost for attending college. Many students pay much less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theactual cost of attending college more manageable until after graduation.

Loyola University Maryland meets 82% of the demonstrated financial need for undergraduates. First-year students that attend Loyola University Maryland full-time are awarded $43,608 a year in financial aid, on average.

The average student debt for graduates in the class of 2023 was around $37,594 per student, not including those with no debt.

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 students from Maryland as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for students who are residents of that state.

Choosing a college where you qualify for in-state status can cut the cost of college tuition. Don't forget to verify your state's criteria for as an in-state resident. 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 additional requirements too, depending on the state you and your parents currently reside in.

Explore other Maryland colleges

Loyola University Maryland International Student Tuition

Tuition at Loyola University Maryland is the same for each student.

International students usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or Loyola University Maryland-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may be eligible for the following types of financial support at Loyola University Maryland:

•Loyola University Maryland-specific scholarships

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

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Loyola University Maryland Room, Board, Fees, and More

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Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Loyola University Maryland.

House and Food Costs at Loyola University Maryland

Housing and campus dining at Loyola University Maryland is $18,310 a year. This number includes the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat in the school dining halls. Students who do not live on-campus but still want to use the dining facilities can opt-in for a meal plan. The cost of board-only is $7,790.

Meal-plan costs may vary depending on the number of meals you intend to eat on-campus

How Much Do Books Cost at Loyola University Maryland?

The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Yearly Fees

The majority of colleges also have fees to help cover the cost of facilties, like the library, gym and computer labs.

There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have ways for students with financial need to find ways to lower or eliminate these costs.

Planes, Trains, and Automobiles: Transportation costs at Loyola University Maryland

The cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or will you need to use public transportation? All of these factors can make a big difference in your estimated cost of transportation. At Loyola University Maryland, freshman are not allowed to park on campus.

The location of a college or university can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area may be costly, but there may be more buses, trains or low-cost flight options to actually get to school. Loyola University Marylandis located in a city in Maryland, not far from Washington and DC.

Other Costs

When creating a budget for college, be sure to consider the cost of things like entertainment, clothes, furnishings and toiletries.

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Financial Breakdown for Loyola University Maryland

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Now, let’s look at the breakdown of all expenses, to get a better idea of how much students can expect to shell out for Loyola University Maryland.

How Much Does Loyola University Maryland Cost?

What will the cost of attending Loyola University Maryland be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$55,480
Room and Board	$18,310
Board Only	$2,980
Other expenses	$1,070

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

Total Estimated Costs
On-Campus	$74,860
Off-Campus	$59,790

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 both full and part-time students

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Loyola University Maryland Financial Aid

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The majority of Loyola University Maryland undergrads use financial aid to to cover the cost of tuition. In 2023, 2,191 of the 3,977 undergrads enrolled received financial aid. Loyola University Maryland meets 82% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $43,608 a year. Around 61% 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 $37,594 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$22,299
Loyola University Maryland-Specific Loans	$1,178
Private Loans	$56,553

Most Common Loans for Loyola University Maryland Students
Federal Loans	58%
Institutional Loans	9%
Private loans	17%

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 2023, Loyola University Maryland awarded 1,850 need-based scholarships to students, giving away total of $77.9 million to help students with financial need cover the cost of school. An additional $31.81 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Loyola University Maryland

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 $43,608 in 2023. 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	$31,252
Off-Campus	$16,182

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 get a better idea of 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.

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.

Does Loyola University Maryland Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

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'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 Loyola University Maryland's endowment was $291 million. The average college endowment was $905 million in 2021. For each full-time student, Loyola University Maryland spends about $11,909 a year.

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Learn More About Loyola University Maryland

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