Loyola University New Orleans
New Orleans, LA 70118-6143

Financial Aid

Average Institutional Grant

In the 2016-2017 academic year, full-time freshman students of Loyola University New Orleans were awarded a total amount of $17,994,237 in grant and $2,736,311 in federal student loans. 98% of freshman students received some type of financial aid either in the form of grant or scholarship from the federal, state or local government and the institution. 65% of the freshman students received federal student loan.

The following tables details the breakdown of all types of financial aid awarded to full-time undergrad students who entered the college in Fall 2016

Grant & Scholarships

Students Receiving Aid Average Amount Total Amount
Pell Grant 228 34% $4,579 $1,044,025
Other Federal Grant 197 30% $731 $144,000
State Grant/Scholarships 231 35% $5,039 $1,164,075
Institutional Grant/Scholarships 646 98% $24,214 $15,642,137
Total Grant & Scholarships 647 98% $27,812 $17,994,237

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 431 65% $6,349 $2,736,311
Private Loans 44 7% $15,935 $701,137
Total Loans 435 66% $7,902 $3,437,448

Student Loan Default Rate

Current default rate
Fiscal year - 2014

The following table shows Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) borrowers statistics and default rates for Loyola University New Orleans from 2012 to 2014 and comparisons between the school's default rates and similar schools in the state and national average.

Default Rate
Fiscal Year Borrowers Defaulters School State Avg. National Avg.
2014 1,253 83 6%
2013 1,300 73 5%
2012 1,031 43 4%
  • Fiscal Year - October 1 to September 30
  • Borrowers - Total number of borrowers who entered into repayment in the fiscal year.
  • Defaulters - Number of borrowers who defaulted in the fiscal year.
  • School - Loyola University New Orleans's default rate
  • State Avg. - Louisiana's 4 year colleges average default rate
  • National Avg. - National average default rate of 4 year colleges

Financial Aid by Income Level

This section details the amount of financial aid provided to Loyola University New Orleans students over the past 5 years. The data is categorized into 5 income brackets. Click on each income bracket to view the amount of finanical aid provided and the number of recipients for the past 5 years.

Net Price

Average Net Price

Weather your family is financially well-off or unaffluent, you might be eligible for some type of financial aid in the form of grant, loan or scholarship. No matter what your situation is, you should first apply for Federal Student Aid (FAFSA). Colleges and universities use the information from your FAFSA and federal tax return to calculate your Expected Family Contribution (EFC). Your EFC determines how much financial aid you're eligible to receive.

This section details the net prices paid by students in the 2016-2017 academic year at Loyola University New Orleans. The amounts are averaged out for 5 family income brackets.

Here is a simple formula to calculate your net price or use the link below to estimate your net price more accurately.

Net Price = Sticker Price - Financial aid

Financial aid include: federal, state or local government grants and institutional grants and scholarships

Average Net Price by Family Income

Family Income Average Net Price
Less than $30,000$17,186
$30,000 to $48,000$18,769
$48,000 to $75,000$19,952
$75,000 to $110,000$24,242
Over $110,000$28,809
Get your personal estimate

Veterans and Service Members

Average Financial Aid

The following section details the amount of financial aid provided to veteran students and their family members at Loyola University New Orleans.

In 2016-2017 academic year, 81 students received an average amount of $18,574 in financial aid in the form of post-9/11 GI bill benefits and 2 students received $3,500 on average through yellow ribbon program.

Unlike other types of government financial aid, veterans financial aid is available to both undergraduates and graduate students.

Post-9/11 GI Bill

Yellow Ribbon Program

Learn more about financial aid for veterans

Financial Aid Deadlines

February 15

  • Financial aid application (priority)

March 1

  • Financial aid decisions notification
  • Transfer financial aid application (priority)

May 1

  • Student must reply to financial aid offer
  • Transfer financial aid application

June 1

  • Financial aid application (regular)

Campus Location

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