by our College Data Analytics TeamMany students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Loyola University Maryland can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Loyola Maryland deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Loyola University Maryland.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Loyola University Maryland, 99% of new full-time first-years were awarded at least some aid some 1104 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $41,341 |
| Institutional grants & scholarships | 99% | $38,876 |
| Federal Pell grants | 22% | $5,484 |
| State/local grants | 14% | $8,232 |
| Federal student loans | 54% | $5,328 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Loyola Maryland, some 98% of undergraduate students received gift aid averaging $39,294 (across approximately 3905 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $39,294 |
| Federal Pell grants | 20% | $5,580 |
| Federal student loans | 52% | $6,226 |
For students living on campus and receiving title-IV aid, grants averaged $43,481.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,356 |
| $30,001 – $75,000 | $26,007 |
| Over $75,000 | $32,615 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $30,574 |
| Off-campus title-IV students | $29,633 |
For an estimate tailored to your family circumstances, see Loyola Maryland’s NPC: www.collegenpc.com/LoyolaUniversityMaryland.
A typical borrower at Loyola Maryland leaves with $23,882 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,882 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Loyola Maryland.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,500 |
| 75th percentile | $27,500 |
| 90th percentile (highest-debt students) | $31,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $21,500 |
| Middle income | $27,000 |
| High income | $23,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $25,000 |
| Continuing-generation students | $23,398 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $24,249 |
| Independent students | $12,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Loyola Maryland.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Loyola Maryland:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14776 |
| Total Stafford loan amount | $370,711,710 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 34 |
| Total GI Bill amount | $415,401 |
| Average GI Bill amount per recipient | $12,218 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 14 |
| Total DoD amount | $60,415 |
| Average DoD amount per recipient | $4,315 |
References
More about our data sources and methodologies.