by our College Data Analytics TeamMany students attending Loyola University New Orleans can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$31,848.00 is the typical Loyola University New Orleans’s first year financial aid package. 99% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Loyola University New Orleans.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers listed below make reference to help that is offered by Loyola University New Orleans.
99% of incoming freshmen (820 total) were awarded scholarships at Loyola University New Orleans, averaging $27,560.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 41% of freshman students (342 total) obtained federal grant aid, averaging $5,696.00 a piece.
Amount of Financial Assistance Per Income Level
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 20.92% | $37,810.00 |
| Income 30k-48k | 11.97% | $37,406.00 |
| Income 48k-75k | 11.97% | $36,913.00 |
| Income 75k-110k | 9.19% | $31,785.00 |
| Income 110k + | 19.83% | $27,062.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
99% of the 827 undergraduates at Loyola University New Orleans receive some sort of grant aid. This is a total of about 820 students getting an average of $31,848.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.