Loyola University Maryland

In 2022, tuition for full-time students at Loyola University Maryland was $53,430 a year.

Tuition increased 2.49% in 2022–from $52,130 the previous year. Usually, colleges raise tuition about 3% each year.

If this makes attending the college of your dreams seem daunting, remember, the "sticker price" of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theprice of collegefeel more doable until you've finishing school and found a job.

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 students who live in other states.

Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing an insitution where you are eligible for in-state tuition can drastically reduce the overall cost of college. Be sure to verify your state's criteria for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. 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 Maryland colleges

Is Loyola University Maryland's Tuition Different for International Students?

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

Students from outside of the U.S. usually do not qualify for for federal financial aid, but should research private or school-specific aid and scholarships. 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

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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; 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 Loyola University Maryland.

Room and Board Costs at Loyola University Maryland

Room and board at Loyola University Maryland costs $16,500 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat in the Loyola University Maryland's on-campus cafeterias and dining halls. Students who live off campus but would like to be able to eat in the campus dining can opt-in for a meal plan. The cost of board-only is $7,000.

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

How Much Do Books Cost at Loyola University Maryland?

The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual 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 special activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges offer ways for students who may struggle to participate because of cost can get help covering these fees.

The Cost of Transportation at Loyola University Maryland

The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are not allowed to park a car on campus.

Where are a college is located can impact 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 transportation in a city is usually pricey, but there may be more trains, busses or affordable flights to actually get to school. Loyola University Marylandis in a urban setting in Maryland, near Washington and DC.

Other Costs

When you're planning for college, be sure to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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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.

Total Cost of Loyola University Maryland

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

2022 Total Tuition and Expenses
Tuition	$53,430
Room and Board	$16,500
Board Only	$2,940
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	$72,100
Off-Campus	$58,800

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 finance their education. In 2022, 2,050 of the 3,787 undergrads enrolled received financial aid. Loyola University Maryland meets 91% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $40,603 a year. Around 62% 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 $36,066 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$22,720
Loyola University Maryland-Specific Loans	$3,733
Private Loans	$52,782

Most Common Loans for Loyola University Maryland Students
Federal Loans	58%
Institutional Loans	7%
Private loans	15%

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 2022, Loyola University Maryland awarded 1,663 need-based scholarships to students, giving away total of $67.3 million to help students with financial need cover the cost of school. An additional $31.45 million 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 $40,603 in 2022. 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	$31,497
Off-Campus	$18,197

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 make more informed decisions about 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 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 make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a 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.

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Learn More About Loyola University Maryland

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

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