Financial Aid

Loyola Chicago Merit Scholarships and Financial Aid

Loyola Chicago gave merit aid averaging $27,362 to 842 first-year students who had no financial need, about 98% of the freshmen without need.

Merit aid

Scholarships Loyola Chicago gave to first-year students who had no financial need.

Average merit award

$27,362

Freshmen who got one

842

of 2,605 in the class

Share of those without need

98%

who received merit aid

Need-based aid

For first-year students the college found to have financial need.

Average need-based grant

$35,854

Average percent of need met

83.8%

Freshmen with need

67%

1,743 students

The average total aid package, which can include loans and work-study, was $47,627.

How to read these numbers

Merit aid is awarded for grades, scores, or talent. Need-based aid is awarded for family finances. A student can receive both.
The merit figures count only students with no financial need, so they show what a family that will not qualify for need-based aid can expect.
A grant does not have to be repaid. A package can include loans, which do.

Email me Loyola Chicago's aid numbers

A link to this page, plus the merit aid comparison for every college we track.

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Frequently asked questions

Does Loyola Chicago give merit scholarships?

Loyola Chicago gave merit aid averaging $27,362 to 842 first-year students who had no financial need, about 98% of the freshmen without need.

How much is the average merit scholarship at Loyola Chicago?

$27,362 for first-year students without financial need, according to Loyola Chicago's 2025-26 Common Data Set. That is an average across everyone who got an award, so individual offers run higher and lower.

Does Loyola Chicago meet full financial need?

Loyola Chicago reports meeting 83.8% of need on average for first-year students who were awarded need-based aid. A figure under 100% means the average student was left with a gap to cover.

What share of Loyola Chicago freshmen have financial need?

1,743 of 2,605 first-time, full-time freshmen, or 67%, were found to have financial need.

Source: Loyola Chicago’s own Common Data Set 2025-26, Section H, for first-time, full-time freshmen. Last checked 2026-10-08. These are averages for one entering class, and some colleges report the prior year’s class in this section. Your own offer depends on your family’s finances and your application.