Understand My Costs

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, university fees, room and meal plan. These are the costs most students consider first when budgeting for their education. In addition to direct costs, students should consider indirect costs such as books, transportation and living expenses. A sound plan should account for both direct and indirect costs.

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

Direct Costs

For the 2026-2027 academic year, a full-time undergraduate living in a typical residence hall and enrolled in the Maroon and Gold 12 Meals per Week plan would have the following estimated direct costs:

Tuition & University Fees        $53,148

Residence Hall Room          $9,560

Meal Plan                         $6,500

Total Direct Costs           $69,208

Incoming freshmen: Please plan to add an additional one-time orientation fee of $260.

The residence hall estimate is based on the average cost of a double-occupancy room in Buddig Hall or Francis Family Hall. Lab fees for disposable materials are not included.

Indirect Costs

Indirect costs are different for each student. These costs may include books, supplies, transportation, travel to Loyola, and other miscellaneous or personal expenses. You should be thorough in calculating your indirect costs so that your budget will be as accurate as possible.