Understanding Loyola University New Orleans Tuition Fees and Costs

Planning for college expenses is a crucial step in the application process. Loyola University New Orleans, like any higher education institution, involves various costs that prospective students should understand. This article breaks down the tuition fees, cost of attendance, financial aid options, and net price considerations at Loyola University New Orleans.

Cost of Attendance: The Sticker Price

The "Cost of Attendance" represents the total amount of money the average student pays before financial aid. Consider it the sticker price of attending Loyola University New Orleans. This figure encompasses tuition, room and board, books, supplies, personal expenses, and transportation.

For the 2024-2025 academic year, the expenses represent the estimated cost of attendance for full-time undergraduate study at Loyola University. This covers two semesters, with students taking between 12 and 21 credit hours each semester. Note that all online students are charged per credit hour.

For the 2025-2026 academic year, the expenses represent the estimated cost of attendance for full-time undergraduate study at Loyola. This covers two semesters, with students taking between 12 and 23 credit hours each semester. Note that all online students are charged per credit hour.

Because of the uncertainty of the economy and budgetary projections, Loyola University reserves the right to change tuition, fees, or other charges printed herein.

Financial Aid: Making College Affordable

The initial Cost of Attendance can be daunting. Fortunately, financial aid opportunities can significantly reduce the out-of-pocket expenses for students. Loyola University New Orleans provides financial aid through grants, scholarships, and loans. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

Loyola’s financial aid counselors are available to help navigate expenses and make the cost of attending as affordable as possible.

Grants and Scholarships: Gift Aid

Grants and scholarships are the most desirable forms of financial aid because they don't require repayment. A significant percentage of Loyola University New Orleans students receive grant aid, suggesting that the university offers competitive financial assistance.

In fact, more students are getting financial aid, and each award size is higher. The grant dollar amounts include aid from all sources, both federal and institutional.

Institutional Aid: Loyola's Commitment

Institutional aid refers to financial aid dollars awarded by Loyola University New Orleans itself (excluding federal aid). Because more Loyola University New Orleans students get institutional aid, it likely offers relatively competitive financial aid.

Read also: Applying for Loyola Scholarships

Student Loans: An Important Consideration

Student loans are another way to finance a college education, but they require repayment with interest. Minimizing student debt is crucial. It's generally a bad sign if a school has many students taking out a lot of loans.

At Loyola University New Orleans, 67% of all students take out federal loans, and 4% of students take out private loans. The average annual federal loan amount is $5983, and the average private loan amount is $10710. High numbers of students with loans is a red flag, and Loyola University New Orleans is above average.

Federal loans tend to have low interest rates, which means they cost less in the long run. The percentage of students getting federal loans is greater than those getting private loans, which is a good sign.

The typical amount of loans a student must pay back is $29,362.

Net Price: Your Actual Cost

The Net Price is the total cost of attending Loyola University New Orleans after subtracting grants and scholarships. This represents the amount you'll have to pay out of pocket.

Read also: ACT Scores for Loyola

To estimate your Net Price, use Loyola University New Orleans's Net Price calculator.

The average net price is $26,150 per year. This net price is specific to you because it’s based on your personal circumstances and the college’s financial aid policies.

Net Price by Household Income

Understanding the average net price based on household income can provide a clearer picture of affordability.

Expected Family Contribution (EFC)

The US government uses a standardized formula to determine how much a typical family can afford to pay for college, known as the Expected Family Contribution (EFC). Colleges use the EFC as a guideline when awarding financial aid.

Determining the Value of a Loyola Education

Loyola University New Orleans is considered a high-value school in its category. This generally means that the net price is low compared to other schools of similar reputation. Attending Loyola University New Orleans is a solid option.

Financial Aid Details

Students Receiving Financial Aid: 72%
Average Aid Package Awarded: $47,218
Need-Based Scholarship or Grant Award: $37,673
Need-Based Loan Amount: $4,483
Non-Need-Based Aid: $25,150

Important Financial Aid Dates

Application Due: February 15 (Applications received prior to this date will be given the strongest consideration. Still apply for financial aid if you don’t make this due date.)
Priority Application Due: February 15
Notification Date: March 1 (When students receive a letter with the amount and types of aid the college is offering.)
Response Due: Not available (The deadline for students to respond to the college’s aid offer.)

College of Law Tuition and Fees

Applicants for admission to the College of Law and students who need assistance in paying for their education are encouraged to apply for financial aid. The College of Law has instituted the Semester-Based Tuition Policy. Semester tuition is required to be paid for six (6) full-time semesters or eight (8) part-time semesters.

University General Fees are assessed at the full-time rate to all J.D. students (regardless of whether the student is full-time or part-time for tuition purposes). University General Fees are assessed at the full-time rate to all LL.M. and Masters students enrolled in 6 or more hours and at the part-time rate to those LL.M.

It is in the best interest of the student (academically and financially) to maintain a course load of 15-16 hours per semester for full-time day students and 11-12 hours per semester for part-time day students, beyond the established first year class schedules. Incoming full-time day students should plan for 6 semesters in residence and part-time day students should plan for 8 semesters in residence. Modification of the RESIDENCY REQUIREMENT will occur when a student transfers from part-time status to full-time status, or vice versa. Students are not permitted to complete the 90 academic hour requirement in fewer than 3 years of full-time study or 4 years of part-time study. Tuition will be charged based on a student's classification for the semester - full-time, part-time day, or part-time evening. Students will ordinarily be allowed to enroll in a maximum of 8 hours total in summer classes.

Requires 90 hours in the JD program plus 15 hours of LL.M. Following the completion of the JD program at the full-time or part-time rate, students will be charged the standard hourly rate per credit for the 15 hours of LL.M. coursework. LL.M. Students in the LL.M. programs will be charged at the standard hourly rate per credit for a given academic year. M.A.

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