Undergraduate students at Loyola University Chicago will see a 2.5 percent increase in their tuition for the 2017-18 academic year, resulting in about $1,000 more in tuition per year for incoming and current first-years, sophomores and juniors.
Loyola President Jo Ann Rooney announced the increase in an email sent to the Loyola community on Jan. 26. Rooney has said on multiple occasions that Loyola must stop relying on tuition increases to fund the university and even had the Board of Trustees examine a zero-increase model for the next year, but said a small increase was still necessary.
“It’s not down as far as I would like to have seen it, but it’s down as far as is prudent,” Rooney told The PHOENIX.
The increase for the upcoming school year is less than last year’s increase of 4 percent, but it follows the same across-the-board approach. Previously, incoming first-years saw annual tuition increases of 5 percent, while students already at Loyola regularly saw increases of 2 to 3 percent.
Loyola Provost John Pelissero previously told The PHOENIX the school used this graduated increase because many of the projects the tuition funds would not be completed in time to benefit older students.
Rooney said the school will keep working on trending the tuition increases downward.
“We will continue to work to make sure this is not one time we’re decreasing it,” Rooney said to The PHOENIX.
The 2.5 percent increase will help fund financial aid, salary increases for faculty and staff, and academic programs, according to Rooney’s email.
Room and board rates will also increase by an average of 2.5 percent, and student development fees — which help finance the campus shuttles, 8-RIDE and the Wellness Center — will increase by 1.9 percent.
INTERACTIVE: Hover over each bar to see tuition for incoming freshmen per year, and percentage change from the year before. (Data: StartClass)
Sophomore psychology major Michael Casarez said he is a first generation college student and the tuition increase hits him and his family differently.
“This tuition increase doesn’t look so great for my situation, so I’ve been talking to my parents and it’s very questionable for my education career,” said the 20-year-old. “[Attending Loyola] is great, but a big problem here is the financial situation because I feel a lot of students here cannot afford a school like this, but if it’s continually increasing, it’s not really helping.”
First-year student Madeline Gibula understands the increase and said she is trying to prepare for it.
“I hear it happens to every university,” said the 18-year-old information technology major. “It’ll definitely make me more cautious and aware of what I’m buying and how much I spend on books and everything else I need for school because tuition will be a little more.”
Compared to other Jesuit universities throughout the country, a tuition increase doesn’t seem too far from the norm.
Marquette University in Milwaukee, expects to see a $1,330 increase in tuition for the 2017-18 school year, according to Marquette’s Office of Undergraduate Admissions, bringing the tuition total for an undergraduate student to $39,330.
Xavier University in Cincinnati announced a $1,080 increase in undergraduate tuition, according to Xavier’s Office of the Bursar website. Xavier’s tuition for the 2017-18 school year is expected to be $37,000.
Loyola University Maryland in Baltimore will increase tuition for the 2017-18 school year by $2,070, according to the university’s Office of Financial Aid. An undergraduate student will be expected to pay $46,160 for tuition.
Loyola University New Orleans is increasing tuition by $2,554 for the 2017-18 school year, according to the university’s Undergraduate Admissions, bringing undergraduate tuition to $39,492.
Georgetown University in Washington, D.C., is keeping its tuition rate at $49,968 for the 2017-18 school year, according to Georgetown’s Office of Student Financial Services.
On the other hand, some colleges students throughout Illinois won’t see their bill go up.
University of Illinois at Chicago is continuing its tuition freeze for the 2017-18 school year, according to the Office of Student Admissions. Its rate will remain at $28,582 for undergraduate tuition for the third year in a row.
In contrast, Columbia College Chicago expects to see a $1,290 increase in undergraduate tuition for the next school year, according to Columbia’s Student Financial Services website, This brings Columbia’s tuition to $27,088 a year.
DePaul University and Northwestern University have not yet reported their undergraduate tuition rates for the 2017-18 school year.