Loyola University Chicago is in one of the best-known cities in the world. Because the university is located within the city, you’ll be able to leave the campus for relaxing days when you don’t have to study. Stop at Millennium Park, located next to the Chicago River or discover some new favorite places to eat, relax, and shop. After arriving at Loyola, it’ll be better to get to know where your classes are scheduled early. The campus is large, and you’ll find that you may need to drive from one side of campus to the next so that you can get to your classes on time.
Overview of Loyola University Chicago
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.
|School Type||Private not-for-profit|
|Campus Setting||City: Large|
|Student Faculty Ratio||14:1|
Top Rankings For Loyola University Chicago
#11 in Marketing Colleges
#59 in Finance Colleges
#77 in Part Time MBA
#7 in Illinois MBA Colleges
#51 in MBA Accounting Colleges
#9 in MBA Economics Colleges
#47 in MBA Entrepreneurship Colleges
#29 in MBA Global Management Colleges
#100 in MBA Finance Colleges
#11 in MBA Human Resources Colleges
#38 in MBA Information Systems Colleges
#89 in MBA Marketing Colleges
Loyola University Chicago Reviews
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LUC Acceptance Rate and Admissions
|High School GPA||Required|
|High School Rank||Recommended|
|High School Transcripts||Required|
|College Prep Courses||Recommended|
|TOEFL (Test of English as a Foreign Language)||Required|
|Application Deadline||December 1|
|Common Application Accepted||No|
Tuition Cost & Financial Aid
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.
- Families earning up to $30,000 paid around $29,440
- Families earning between $48,001 and $75,000 paid around $29,788
- Families earning more than $110,001 paid around $39,048
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.
|Average net price||2018-2019|
|Average Total Aid||$22,998|
|Students Receiving Financial Aid||99%|
|Room & Board||$14,780|
- Tuition In-State - $45,543
- Tuition Out-of-State - $45,543
- Books and Supplies - $1,200
- Room & Board - $14,780
- Other - $1,600
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
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||637 Total Graduates / 23%|
|Marketing/Marketing Management, General||112 Graduates|
|Finance, General||106 Graduates|
|Management Information Systems, General||98 Graduates|
|Office Management and Supervision||90 Graduates|
|All Biological & Biomedical Majors||411 Total Graduates / 15%|
|Biology/Biological Sciences, General||309 Graduates|
|Neurobiology and Neurosciences, Other||36 Graduates|
|Neurobiology and Behavior||15 Graduates|
|Health Professions and Related Programs||374 Total Graduates / 13%|
|Registered Nursing/Registered Nurse||295 Graduates|
|Physical Therapy/Therapist||41 Graduates|
|Health/Health Care Administration/Management||38 Graduates|
|All Psychology Majors||245 Total Graduates / 9%|
|Psychology, General||232 Graduates|
|Applied Psychology||13 Graduates|
|All Social Science Majors||226 Total Graduates / 8%|
|Political Science and Government, General||105 Graduates|
|International Relations and Affairs||67 Graduates|
|All Other Diplomas||32%|
Outcome & Salary
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.
|College Grads Early Career Salary||$54,800|
|College Grads Average Salary||$67,306|
|College Grads Mid Career Salary||$103,700|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$673,060|
|20 Year Salary Earnings Potential||$1,710,060|
|Cost of Education (Net Price) 4 Year||$145,552|
|10 Year Projected ROI||$527,508|
|20 Year Projected ROI||$1,564,508|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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