<p>I know, "averages" don't mean much when it comes to scholarships/need-based financial aid. But what is the "average" per-year aid provided to Loyola students?</p>
<p>i think the average need based aid is somthing like $18000 i think. i just remember it would make the COA around $20,000</p>
<p>Thanks! Is that 18,000 per year? So 72,000 in total?</p>
<p>yeah, thats per year. im not sure how they are with merit based scholarships though.</p>
<p>[Loyola</a> University of Chicago Overview - CollegeData College Profile](<a href=“http://www.collegedata.com/cs/data/college/college_pg01_tmpl.jhtml?schoolId=809]Loyola”>http://www.collegedata.com/cs/data/college/college_pg01_tmpl.jhtml?schoolId=809)</p>
<p>Here’s a link to LUC’s page on collegedata. Click on the Money Matters tab. Average freshman award is $25K. Obviously, the scholarships are tied into academic performance. One of my old roommates had a larger scholarship (I think $16K) and needed to maintain a 3.3 GPA to keep it. Another student I know had a $9K scholarship and needed to maintain a 3.0 to keep it. Needless to say, a number of freshman are unable to meet the requirements and even after being placed on ‘scholarship probation’ some still lose the scholarship after a year or two. The average indebtedness ($32,100) of 2008 grads can attest to this. Good luck getting in!</p>