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TUITION & FEES
For the 2010-11 school year, tuition is $28,000. Please note that books and school clothing are additional expenses, and other fees may apply depending on the students’ year and/or class schedule. Families are also asked to make a minimum commitment to cafeteria purchases.

A $4,000 enrollment deposit is due with the signed enrollment contract as a condition of enrollment. Families who pay their balance in full no later than July 1, 2010 will receive a 2% discount. Monthly installment plans are available over 12 months and 10 months. Families interested in an installment plan should return the installment plan application form to the Business office.

SCHOLARSHIPS AND FINANCIAL AID

Merit-based scholarships

Loyola offers a limited number of full and partial merit scholarships to incoming ninth-grade students. Applicants are considered based on their entrance exam results, grades, recommendations, and written essay; finalists are invited to interview with Loyola’s Scholarship Committee. Families need not contact the admissions office regarding these awards, as qualified applicants will be invited to interview. Families will be notified of merit scholarships at the same time they receive notice of admission.

Need-based financial aid

Financial aid is awarded to incoming freshmen and transfer applicants as demonstrated through the evaluation of a financial aid application package by Loyola’s Financial Aid Committee. Please note that while Loyola’s admissions decisions are needs-blind and we do strive to maximize financial assistance, we are not able to meet the financial needs for all students offered admission. Families interested in being considered for aid should check the proper box on in the admissions application, and they will receive a letter with instructions on how to apply. Families will be notified of need-based financial aid award decisions at the same time they receive notice of admission.

Returning families may apply for need-based financial aid if they can demonstrate a significant and unanticipated change in their financial condition has occurred since their decision to enter the school. Siblings entering college or other private schools does not constitute an unanticipated change. Awards to returning families and transfer applicants are subject to the availability of resources as determined by the School’s annual operating budget.

Financial Aid FAQ's

1. Does applying for financial aid influence the admission decision?
Loyola’s admissions decision is independent of the financial aid decision. Therefore a family’s expression of interest in applying for financial aid has no bearing on whether the student is offered admission.

2. Who may apply for financial aid?
Financial aid is awarded principally to incoming freshmen, and, on a limited basis, to transfer students. Returning families who were not awarded aid upon admission may apply in subsequent years only if they have experienced a significant and unanticipated change in financial circumstances. The committee focuses primarily on changes in a family’s income, with the expectation that expenses are generally more controllable. Please note that the onset of other children in the family entering private schools or colleges does not constitute an unanticipated change.

3. How is financial aid awarded?
Loyola School’s Financial Aid Committee considers applications for financial aid. To assist the committee, Loyola School makes use of an outside data collection and analysis organization called the School and Student Service for Financial Aid (“SSS”) which assists independent schools in determining a family’s financial need. Families must complete a Parent Financial Statement (“PFS”) and submit copies of their tax returns to SSS, which then generates a Report of Family Contribution (“RFC”). The RFC contains an Estimated Family Contribution (“EFC”) which provides some guidance to the Financial Aid Committee in evaluating need, but is not a binding conclusion.

4. Do all families with financial need receive an award?
No, Loyola is not able to make awards to all families with demonstrated need. Generally Loyola makes between 15 and 20 awards to incoming freshman out of roughly 100 who have been offered admission and applied for financial assistance.

5. If I do not receive a financial aid award, can my son or daughter still attend Loyola?
The choice to give your son or daughter an independent school education is a special gift, but it is also a significant, four-year financial commitment. Financial assistance is available after entering the school only under very limited circumstances (see below) and therefore families are urged to realistically consider their ability to pay full tuition without the benefit of financial assistance.