Loyola University Chicago

Overview of Loyola University Chicago

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The total student enrollment is just over 17,000, which is mid-sized, and the student-to-faculty ratio is 14 to 1, which is good. This university is a private, not-for-profit institution, so attendance will cost a little more than it does at a public university. After you’re admitted to Loyola University, you’ll likely want to sign up to live in the dorms; you’ll save yourself some money by living on-campus.

Top Rankings For Loyola University Chicago

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LUC Acceptance Rate and Admissions

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Tuition Cost & Financial Aid

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All of the costs related to attending Loyola University Chicago are rolled into the total cost. This includes tuition, room and board, books, supplies, and other various costs and fees. Altogether, this comes up to around $63,000.

However, you aren’t likely to have to pay all of this on your own. If you qualify for financial aid, the amount you’re charged can come down significantly. In a recent academic year, the ‘average net price’ (cost after financial aid is applied) was $36,388. Even then, the more financial aid you qualify for, the less you pay.

Almost every incoming freshman qualified for financial aid in this same year. About 98% were awarded grants or scholarships of $22,998. The same percentage of students received an average of $20,918 in institutional grants and scholarships.

Sticker Price

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Academics

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The retention rate at Loyola University Chicago is 85%. This means that 85 out of 100 freshman decide to stay beyond their first year. When you sign up for your second year of classes, the university includes you in this statistic.

Additionally, the 4-year graduation rate is 66% and the 6-year graduation rate goes up to 74%, both of which are around the national average.

Luckily, there are accessibility options, in that you will have access to at least some online courses. The five most popular degree programs offered at Loyola University Chicago are business, management, marketing and related support services; biological and biomedical sciences; health professions and related programs; psychology; and social sciences.

Student Population Total

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Outcome & Salary

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After you put your graduation cap and gown away, you may turn to job-seeking, or you may be prepared with a job you will start working shortly after graduating. Graduate’s average overall salaries are $67,306, their early-career salaries average around $54,800, and their mid-career salaries rise to as much as $103,700.

Your 4-year cost of education at Loyola is $145,552. Based on this and the average salary of a graduate, you can expect a 10-year salary earnings potential is $673,060 and a 20-year earnings potential of $1,710,060. After subtracting your 4-year education cost, your 10-year projected ROI (return on investment) is $527,508 and your 20-year ROI is $1,564,508.

That’s especially incredible when you compare it to a high school graduate’s national average salary of $37,969. Additionally, their 10-year projected income is $387,920 and their 20-year projected income is $775,840.

Photos & Videos

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