Earlier this year in a message to the Loyola community, university president Jo Ann Rooney announced tuition and fee increases for the 2018-19 school year.
Undergraduate students will see a rise in tuition and meal plan costs, in addition to a boost in residence costs, depending on where the student lives on campus.
Graduate and professional students will also see a surge in tuition rates but only in certain programs. Law, graduate medicine and nursing programs and the Master of Arts in Medical Sciences — with the exception of the RN-to-BSN program, an online Bachelor of Science program — will all experience tuition increases.
The tuition of students in the remaining graduate and professional programs, such as programs within the College of Arts and Sciences, the School of Social Work and the School of Education, won’t be rasied.
How much will tuition be increasing?
Undergraduate students will experience a 2.4 percent tuition increase, an approximate raise of $1,000 more than the 2017-18 school year.
The average total tuition amount will increase from $41,720 per year ($20,860 per semester) to $42,720 per year ($21,360 per semester) for 2018-19.
For graduate students, a 2.5 percent increase will affect members of the above programs.
Law students will see a tuition raise of $580 per semester. Students at Stritch School of Medicine will pay $700 more per semester next year.
Graduate programs in the Marcella Niehoff School of Nursing will increase to $1,130 per credit hour, $27 more per credit hour than last year. The Master of Arts in Medical Sciences will increase $45 per credit hour.
How will housing costs be affected?
Housing costs will rise anywhere from 0 to 4.7 percent, depending on where a student lives on campus.
The average increase in room rates for 2018-19 is 2.5 percent increase.
The varying increases in rates among residence halls and room types are an effort standardize room rates, according to Jennifer O’Brien from the Department of Residence Life, with the ultimate goal of categorizing rates into four categories: traditional halls, Baumhart, mid-rise apartments and high-rise apartments.
De Nobili Residence Hall, a first-year housing option, and Santa Clara Residence Hall, an upperclassman hall, are the only residence halls that won’t see an increase across all room types in 2018-19.
The double and triple rooms in Simpson Living-Learning Center, also first-year housing, will see the highest percent increase of all first-year housing options at 4 percent, or $350 per year.
The quad rooms in Bellarmine, Fairfield and Marquette residence halls will increase by 3.6 percent, the highest raise in cost of upperclassman housing options, at $310 more per year.
Graduate housing will receive the highest raise. One of three triple options offered at Baumhart Hall, which include three private rooms and a shared bath, will raise by 4.7 percent or $550 per year.
For the complete 2018-19 housing rates click here.
How will the cost of meal plans change?
The overall cost of a meal plan at Loyola will increase by 2.5 percent.
This year, students paid $2,500-2,600 per semester for one of two five-day meal plan options. Next year, students will pay an additional $55 per semester, or $110 per year.
Students paid $2,540-$2640 per semester this year for the seven-day meal plan. Next year, they will pay an additional $60 per semester, or $120 per year.
Juniors, seniors and graduate residents with one of the three declining balance plan options offered in 2017-18 paid anywhere from $795 to $1,775 per semester, depending on their dining plan.
Next year, Loyola will offer four declining balance plans instead of three. Students can choose plans that cost $820, $1,125, $1,545 or $1,835 per semester.
For complete 2018-19 meal plan rates click here.
Where will tuition money go?
The rise in undergraduate tuition aims to achieve increased investment in academic programs and strategic priorities, sufficient financial aid to students and increased salaries for faculty and staff to accommodate rising medical insurance and costs, according to Rooney’s announcement.
Funds from increased graduate tuition will be contributed directly to the price of running labs, in addition to other costs.
How does this year contrast with past increases in tuition and other costs?
Last year, Rooney announced a 2.5 percent increase in undergraduate tuition. This year’s tuition increase dipped 0.1 percent lower than last year.
For the 2017-18 school year, Rooney announced a 2.5 percent rise in housing rates compared to this year’s 0-4.7 percent raise.
A 1.9 percent rise in student development fees also occured last year. However, in 2018-19, student development fees, which help fund the Wellness Center, 8-RIDE and student organizations, will remain constant.
The 2.5 percent addition to meal plan costs presents a cost not implemented last year.
Tuition increases at Loyola have decreased in percentage yearly since 2014. This year’s increase in undergraduate tuition is the lowest upsurge in tuition by percentage in 17 years. However, tuition at Loyola has increased consistently every year since 1989.