2012 Tuition Update
January 26, 2012
I wanted to give you as much advance notice as possible regarding tuition and other fees for the 2012-2013 academic year. In order to maintain the quality of our academic programs, the University's Board of Trustees has approved an increase of 2.75 percent, effective fall 2012, in undergraduate tuition for the 2012-2013 academic year. In addition to tuition, room rates will increase by an average of 3 percent, and full-time student activity fees will increase by 5 percent.
I understand that news of a tuition increase is rarely welcome. You should know that our management and Board of Trustees carefully scrutinize our financial resources and needs to be sure that our increases are necessary and prudent. We work to keep these increases to a minimum while providing you with the level of education you expect and deserve for your investment in Loyola. For example, we have added new faculty this year to maintain appropriate classroom sizes. We are also improving facilities to include more modern classrooms, a true student center, and remodeled athletic facilities, while optimizing the costs for these essential projects.
We have taken actions across the board to improve efficiency as well as quality of experience. For example, students are now permitted to take up to 21 credit hours per term at the standard tuition cost, and summer online courses are now available to help students graduate on time. And, in keeping with our mission, Loyola continues to provide $134 million in annual financial aid to our students, approximately 93 percent of which is funded from operations.
For details about tuition, fees, and room and board costs for the 2012-2013 academic year, please visit LUC.edu/bursar. Thank you for being a valued part of the Loyola community. My best wishes to you for a successful spring semester.
Michael J. Garanzini, S.J.
President and CEO