by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Loyola University New Orleans can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can Loyola New Orleans offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Loyola University New Orleans.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Loyola University New Orleans, 99% of first-year full-time students received aid of some kind around 688 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $38,278 |
| Institutional grants & scholarships | 99% | $33,159 |
| Federal Pell grants | 41% | $6,206 |
| State/local grants | 38% | $6,052 |
| Federal student loans | 60% | $5,576 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Loyola New Orleans, around 90% of undergraduate students received gift aid averaging $32,732 (covering around 2877 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $32,732 |
| Federal Pell grants | 37% | $5,962 |
| Federal student loans | 53% | $6,697 |
On-campus students receiving title-IV aid were awarded grants averaging $40,461.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,288 |
| $30,001 – $75,000 | $20,181 |
| Over $75,000 | $28,698 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,696 |
| Off-campus title-IV students | $22,762 |
To project your own net price, use Loyola New Orleans’s net price calculator: www.loyno.edu/admissions/tuition-financial-aid/net-price-calculator.
Graduating students at Loyola New Orleans carry a median federal student debt of $18,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,500 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Loyola New Orleans.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $8,980 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,417 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,875 |
| Middle income | $19,460 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,432 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $12,502 |
A handful of calculated indicators summarize the debt outlook at Loyola New Orleans.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Loyola New Orleans:
| Metric | Value |
|---|---|
| Stafford loan recipients | 19096 |
| Total Stafford loan amount | $592,730,152 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 45 |
| Total GI Bill amount | $1,220,357 |
| Average GI Bill amount per recipient | $27,119 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.