Loyola University Chicago Nursing Tuition Cost: A Comprehensive Overview

Loyola University Chicago, established in 1870, is a Catholic, Jesuit university with a significant presence in the city of Chicago. With four campuses in the Chicago area, including the main Lake Shore Campus along Lake Michigan, the Water Tower Campus in downtown, the Health Sciences campus in Maywood, and the Loyola Retreat and Ecology Center in Woodstock, Loyola provides a diverse and comprehensive educational environment. The university also extends its reach internationally with the John Felice Rome Center in Italy and a center in Ho Chi Minh City, Vietnam. Comprising 14 schools, colleges, and institutes, Loyola offers a wide array of academic programs, including over 80 undergraduate majors, 80 minors, and more than 45 five-year dual degree Bachelor’s/Master’s programs. As an NCAA Division 1 school, Loyola fields 13 men’s and women’s teams, fostering a vibrant campus life.

This article aims to provide a detailed overview of the tuition costs associated with the nursing program at Loyola University Chicago, along with additional expenses, financial aid options, and other factors that prospective students should consider.

Tuition and Fees

Understanding the direct expenses associated with attending Loyola University Chicago is crucial for financial planning. For the nursing program, the tuition is $55,730. The general tuition for other programs is $54,530. In addition to tuition, students should budget for room and board, which averages around $17,920, and estimated fees of $1,530. Consequently, the estimated total expense for a year at Loyola, encompassing tuition, room, board, and fees, amounts to $73,980. It is important to note that these figures are subject to change.

Loyola University Chicago's tuition is $56,060, which includes both tuition and fees, often referred to as the sticker price. Compared to the national average cost of tuition of $46,950, Loyola University Chicago is more expensive. Fees can vary by institution and may support library services, student gym facilities, student centers, technology resources, and campus health centers.

In-State and Out-of-State Tuition

Loyola University Chicago does not differentiate between in-state and out-of-state tuition. Both are $51,716.

Additional Costs

Beyond tuition and fees, students should also consider the cost of books and supplies, which can amount to approximately $1200. Room and board expenses are also significant, averaging $16,894. This figure represents a weighted average that accounts for students living on-campus, off-campus with family, and off-campus not with family. The calculation is as follows: (amount for on-campus room, board, and other expenses * # of students living on-campus + amount for off-campus (with family) room, board, and other expenses * # of students living off-campus with family + amount for off-campus (not with family) room, board, and other expenses * # of students living off-campus not with family) divided by the total # of students.

Financial Aid and Scholarships

Loyola University Chicago offers various forms of financial aid to help students manage the cost of their education. These include need-based scholarships and grants, as well as merit-based scholarships. In fall 2023, 69% of first-year students received need-based financial aid.

Need-Based Aid

Need-based scholarships and grants are awarded based on a student’s financial status. The average need-based scholarship or grant awarded to first-year students at Loyola University Chicago was $34,898. Need-based self-help aid, which includes federal loans and work-study, averaged $5,079 for first-year students. Loyola University Chicago met 83% of its students’ financial aid need.

In the academic year, Loyola University Chicago awarded a total of $208,653,904 in needs-based scholarships and grants.

Merit-Based Aid

Merit-based aid, also known as non-need-based aid, is awarded for specific talents or academic achievements. The average non-need-based scholarship or grant awarded to first-year students at Loyola University Chicago - excluding any athletic scholarships, if applicable - was $25,498. In total, Loyola awarded $96,218,692 in non-need-based scholarships and grants.

Read also: Applying for Loyola Scholarships

Types of Aid Available

Loyola University Chicago participates in the G.I. Bill and the Yellow Ribbon Program, providing additional financial support to eligible veterans and their dependents.

Student Loans and Debt

Student loans are a significant consideration for many students. At Loyola University Chicago, the median federal loan debt among borrowers who completed their undergraduate degree is $24,157. The median monthly federal loan payment for these borrowers, assuming a 10-year repayment term at a 5.05% interest rate, is $256.

Private Loans

In addition to federal loans, some students also take out private loans. At Loyola University Chicago, 14% of graduating students took out private loans, with an average private loan debt of $55,541 at graduation.

Average Indebtedness

The average total indebtedness of the 2024 graduating class was $36,636, with 55% of graduating students having borrowed some type of loan.

Additional Resources

Loyola University Chicago offers several resources to help students manage their finances and explore job opportunities:

Read also: ACT Scores for Loyola

Work-Study Programs: Loyola participates in work-study programs, allowing eligible students to earn money while attending school.
Campus Jobs: Students can find part-time jobs on campus to help offset their expenses.
Financial Aid Office: The financial aid office provides guidance and support to students and their families throughout the financial aid process.

Campus Life and Student Experience

Beyond the financial aspects, Loyola University Chicago offers a rich and diverse campus life. The university prides itself on its openness to students of all races, religions, and backgrounds. Students have access to numerous resources and opportunities, including:

Student Resource Groups: Loyola has various student resource groups, including LGBTQIA and cultural groups.
On-Campus Women's Center: The university provides support and resources for women through its on-campus women's center.
Study Abroad Programs: Loyola encourages students to study abroad through programs at the John Felice Rome Center and the Beijing Center.
Internships and Research: The university supports students in pursuing internships and research opportunities.
Athletics: As an NCAA Division 1 school, Loyola offers a range of athletic programs for students to participate in and support.

Student Perspectives

Several students have shared their experiences at Loyola University Chicago, highlighting the university's strengths and unique aspects:

Academics: Students praise Loyola's challenging yet rewarding academic environment, with experienced and passionate professors who are dedicated to their students' success.
Jesuit Tradition: The university's Jesuit tradition encourages students to think critically and consider different perspectives.
Location: Loyola's location in Chicago provides students with access to a wide range of opportunities, from internships to cultural events.
Nursing Program: Students in the nursing program appreciate the early involvement in major-related classes and the encouragement to take initiative in the nursing field.

Admissions

Loyola University Chicago has specific admissions requirements:

Transcripts: Yes
SAT Subject Tests: Yes
AP Course Credit: Yes
Dual Enrollment: Yes

The average SAT composite score for admitted students is 1263.

Post-Graduation Outcomes

Graduates of Loyola University Chicago have positive post-graduation outcomes:

Average Salary: Graduates earn a competitive average salary six years after graduation.
Loan Default Rate: The loan default rate is lower than the national average.

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