Tuition Information for the Academic Year 2019-20
January 22, 2019
Dear Members of the University Community,
We would like to share information about the 2019-20 tuition and fees at Loyola University Chicago, as well as provide additional fiscal context. The Board of Trustees has approved a 3.3 percent raise in undergraduate tuition for 2019–20. Most residence hall rates will have modest increases of 2 percent or less. Meal plans will increase by 2.5 percent for the five- and seven-day all-access plans to correlate directly with increased costs. There will be no increases in student activity or technology fees. These rates will go into effect for the fall 2019 semester. Additional information can be found at LUC.edu/bursar and LUC.edu/reslife.
The decision each year to determine the tuition rate involves consideration of current needs and priorities with projections of future costs, revenue, opportunities, and anticipated challenges. Throughout the process, we strive to balance Loyola’s commitment to educational excellence and competitive compensation with our coequal commitment to educational access and affordability for our students and families. The increase for the 2019-20 academic year will help provide needed investment in academic programs and strategic priorities as well as support meaningful financial aid to the greatest number of students. It will also enable us to offer faculty and staff a moderate salary increase in an era of increasing competition to attract and retain the best talent, along with continuing to support rising costs for health insurance and other benefits.
We are making new investments in Campus Safety and fortifying our information technology infrastructure and cybersecurity. We are fulfilling commitments to campus upgrades that improve the quality of education and campus life, including the construction of a new residence hall on Winthrop Avenue to open in the fall of 2020, and ongoing upgrades to other residence halls. We are refurbishing Sean Earl Field, which will open in summer 2019, alongside the Alfie Norville Athletic Practice Facility. One of our largest continuing mission investments is in need- and merit-based financial aid for talented students from all backgrounds. This fall we enrolled our most diverse and talented class in our history, and we must continue to provide the resources that ensure access and excellence.
Rising costs, decreasing state and federal support, and other factors are placing upward pressure on tuition throughout higher education. This has caused some to question the value of college and professional study. Yet higher education—especially schools like Loyola University Chicago with a large number of first-generation college students—is one of the principal drivers of social and economic mobility in the United States. We work diligently with our students to provide needed financial aid, advice, and counsel that enables them to succeed in college without incurring inordinate debt. A Loyola education remains a good investment in a fast-changing economy in which nine out of 10 new jobs created require a college or professional degree. Throughout the 2018-19 academic year, we will award more than $170 million in financial aid to students; we expect this number to continue increasing. We remain committed to enhancing fundraising results, diversifying revenue, controlling expenses through ongoing reductions and efficiencies, and advocating for programs that assist in keeping college and professional education accessible and affordable.
In 2020 we will celebrate Loyola’s 150th anniversary. It is a time both to reflect on our past and prepare for a dynamic future. We remind ourselves how Loyola—with its Jesuit, Catholic mission—has shaped so many lives, shaped a city, and has influenced the world throughout the years. Our powerful legacy supports high expectations for the future and moves us to ensure that as many students as possible have access to a transformative education. We continue to engage actively in a mission of service supported by faith that shapes society for the better. Our principal focus is to enhance Loyola’s distinctive educational mission lived by its people and to strengthen the financial stewardship that makes excellence possible.
Jo Ann Rooney, JD, LLM, EdD