Understand My Costs

As you develop a plan to finance your college education, it is important to understand the total cost. Total cost is a combination of direct and indirect costs. Direct costs include tuition, fees, room and meal plan.  These are the costs most students consider first when budgeting for their education. In addition to direct cost, students should consider indirect costs such as books, transportation and living expenses. A sound plan needs to account for both direct and indirect cost.

The resources below may help you form a clearer picture of the costs you’ll need to meet through both financial aid and/or an out-of-pocket family contribution.

Direct Costs

For the 2018-19 academic year, a full-time undergraduate living in the typical residence hall and signed up with the typical meal plan would have the following direct costs:

Tuition                                 $38,126
Fees                                      $1,876
Room                                    $7,370
Meal Plan                               $5,370

Total Direct Costs             $52,742

Indirect Costs

Indirect costs are different for each student. These costs may include books, supplies, computer, transportation, air travel, recreation and others.  You should be thorough in calculating your indirect costs so that your budget will be as accurate as possible.

Net Price Calculator
Clink the link above to get an early approximation of your family’s net contribution for your first year at Loyola.

You and your family have several options for meeting remaining costs. Read more about financing options.
 

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Cost Worksheet 2018-19.pdf27.98 KB