2013 Tuition Update
Tuition Update for Academic Year 2013–14
I wanted to give you as much advance notice as possible regarding tuition and other fees for the 2013–2014 academic year. In order to maintain the quality of our academic facilities and programs, the University's Board of Trustees has approved an increase of 2.5 percent, effective fall 2013, in undergraduate tuition for the 2013–2014 academic year. Room rates will increase by an average of 2 percent, and full-time student activity fees will increase by 3.3 percent.
The Board of Trustees and University administration carefully scrutinize our financial resources each year to be sure that any increase is necessary and prudent. We work to keep these increases to a minimum, while providing you with the superior level of education you expect and deserve for your investment in Loyola. This year, we hired a number of new faculty who serve our students as excellent teachers, scholars, and researchers, and they are committed to providing a transformative education to our students. We are also improving our academic and co-curricular facilities to include a student union—the Arnold J. Damen, S.J. Student Center, which will open in April 2013—as well as state-of-the-art classrooms, remodeled and enhanced athletic facilities, and other campus improvements.
We have made significant progress in helping move our students toward graduation. For example, students are now permitted to take up to 21 credit hours per term at the flat rate 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 $137 million in annual financial aid to our students, approximately 95 percent of which is funded from University operations.
For detailed information about tuition, fees, and room and board costs for the 2013–2014 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