Loyola University Maryland Tuition 2021| The College Monk

$47,520

Tuition

$66,200

Cost of Attendance

$39,027

Net Price

Loyola University Maryland Tuition and Fees

Loyola University Maryland is known for offering a wide range of undergraduate, postgraduate, and doctoral programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at LUM is quite high. The average annual cost for students opting to pursue undergraduate programs at the university is estimated to be around $50,100, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing facilities, books and supplies, and other expenses cost $14,710, $1,250, and $1,645, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$48,920	$48,920
Book & Supplies	$1,250	$1,250
Room & Board cost	$14,430	$14,430
Other Expenses	$1,600	$1,600
Total Cost of Attendance	$66,200	$66,200

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. They will be required to plan for various other expenses associated with the cost of attendance, including lodging, dining, textbooks, supplies, and the cost of living, among other things. What's more, at Loyola University Maryland, the total tuition and fees for the enrolled students come out to be around $50,100 in a year. Other than that, they will need to shell out an amount of $1,250 for books and supplies, $11,360 for room and boarding charges, and $1,645 toward other expenses on average in a year. So, the overall cost of attending LUM comes out to be about $64,355 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$39,027

Family Income

Avg. Net Price

$0 to $30,000

$29,831

$30,001 to $48,000

$31,065

$48,001 to $75,000

$32,631

$75,001 to $110,000

$34,176

$110,000+

$44,500

The net price of attending Loyola University Maryland is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $37,918 at LUM. For students with a family income below $30,000, the estimated net price is $29,156, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $31,027. The amount stands at $33,680 for an annual income between $48,001 and $75,000, $32,878 for the $75,001-$110,000 income bracket, and $40,026 for a family income above $110,000.

Student Loans

Example Loans

$112,472

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

N/A

Example monthly payment

$1,167

Total interest paid

$27,594

Sum of Loan Payments

$140,066

To have a realistic understanding of how much it will cost to study at Loyola University Maryland here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $112,472 for example. This will result in a $14,007 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a NA repayment plan. Then the total payment made towards the loan is $140,066 which is $27,594 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$48,920	$48,920
Room & Board Cost	$14,430	$14,430
Total Tuition & Fees	$63,350	$63,350

At Loyola University Maryland, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $50,100 per year. Alongside that, they will likewise need to shell out around $11,360 toward their room and boarding charges. Accordingly, the overall cost for undergraduate students at the university totals about $64,355 per year, based on the available data.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$17,460	$17,460
Fees	$60	$60

Now, coming to the tuition and fees charged for students seeking to pursue postgraduate courses at LUM, the amount totals around $17,970. This includes $17,910 for the graduate tuition as well as an amount of $60 for the graduation fees.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$970
Undergraduate	2018 - 2019	$765

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Loyola University Maryland varies between graduate and undergraduate degrees. The cost per credit hour for graduate degrees sits at $299, while that of undergraduate degrees is $385, as per the 2019-2020 fee structure. At present, Loyola University Maryland also offers various online programs to students across as many as 57 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$14,430	$8,010
Other Expense	$1,600	$1,690
Book & Supplies	$1,250	$1,250

Now, coming to the lodging and related expenses at LUM, the actual amount to be paid varies based on whether the candidate opts to live on-campus or off-campus. The on-campus logding facilities cost $16,310 per year, while students have to pay $9,700 a year for off-campus housing. For on-campus students at the university, the room and board charges total around $14,710 per year, while the amount charged for off-campus candidates stands at $8,010. In addition to that, the candidates will have to pay an amount of about $1,250 for books and supplies. The other expenses that students should plan for come to around $1,600 for on-campus candidates and $1,690 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$14,430

Off Campus

$8,010

Housing & Other Expenses

Other Expenses

On Campus

$1,600

Off Campus

$1,690

Housing & Other Expenses

Book & Supplies

On Campus

$1,250

Off Campus

$1,250

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Masters	$32,835	$995

Loyola University Maryland offers 1 online programs across 1 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Loyola University Maryland is around $323,471 as per official data. In contrast, the total expenses for undergraduate students amounted to $37,918 in 2018-2019, $39,027 in 2017-2018, and $36,820 in 2016-2017.