Loyola University Chicago Scholarships & Financial Aid

Dreaming of a Loyola education but worried about the cost? You’re not alone. College expenses can feel overwhelming, but the Loyola University Chicago scholarships are changing the game. Thanks to a historic $100 million donation, more students are getting the financial support they need to succeed. And the best part? No extra hassle. Most scholarships don’t require a separate application, your admission application is your scholarship application. Opportunities are waiting. Let’s explore how Loyola University Chicago scholarships can help fund your future!

Loyola University Chicago Scholarships Overview

To be considered for Loyola University Chicago scholarships, students must submit a completed application for undergraduate admission, as there are no separate Loyola scholarship requirements. Freshman applicants should apply by December 1, 2024, and must be admitted by February 1, 2025, to be considered for scholarships. Transfer students must be admitted by June 1, 2025, to qualify. Scholarships are competitively awarded based on academic achievement, with applications reviewed on a first-come, first-served basis. Financial need is not a factor in awarding academic scholarships, as they are granted solely based on the information provided in the admission application. Loyola University Chicago scholarships for international students include merit-based awards automatically considered during Loyola University admission requirements, with limited need-based financial aid available.

Loyola University Chicago Scholarship Details

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Aspect	Details
Tuition Fees	For the 2025–2026 academic year, undergraduate tuition is $54,530, with additional fees of $1,530, and room and board averaging $17,920, totaling an estimated annual expense of $73,980.
Scholarship Portal	Students can explore and apply for various scholarships through the Loyola Scholarship Connection.
Scholarship Requirements	Merit-based scholarships are automatically considered upon admission; some specific scholarships may require separate applications or criteria, such as maintaining a minimum GPA or demonstrating financial need.

Top 12 Loyola University Scholarships

Loyola University Chicago scholarships come in various forms to support students in funding their education. Loyola University offers merit-based scholarships, automatically awarded based on academic excellence, and need-based grants for students demonstrating financial need. Additionally, departmental scholarships are available for students pursuing specific majors, while athletic scholarships support student-athletes excelling in sports. For those interested in Loyola study abroad programs, there are specialized scholarships to help offset international education costs.

Types of Loyola University Scholarships

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Scholarship Name	Amount Granted	Minimum GPA	Deadline	Eligibility & Details
Academic Scholarships	$14,000–$31,000 per year	Not specified	N/A	Merit-based scholarships are awarded upon admission. Includes Presidential, Damen, Loyola, Trustee, Dean, and Regent's Scholarships. Renewable for up to four years.
Dreamer Scholarship	Full tuition, on-campus room & board, and mandatory fees	Not specified	Varies (Check status page)	Awarded to five newly admitted freshman and transfer students with undocumented status. Finalists must attend an on-campus interview.
Departmental Scholarships	Varies by department	Not specified	N/A	Available to students beyond freshman year based on major.
Athletic Scholarships	Varies	Not specified	N/A	Awarded to student-athletes based on athletic performance and recruitment.
Accounting and Business Law (ABL) Scholarships	Varies	Not specified	N/A	Available to business students specializing in accounting and business law. Awarded based on academic performance and financial need.

1. The Deloitte Accounting Scholarship

‍Amount Granted: $7,500 in tuition reimbursement over three semesters
Minimum GPA: 3.0
Deadline: Not specified

The Deloitte Accounting Scholarship is exclusively available to Sophomore and Junior accounting majors enrolled in the Quinlan School of Business who demonstrate financial need and have a strong interest in pursuing a career in public accounting. In this Loyola University Chicago scholarship, preference is given to students for whom English is a second language and/or those who are first-generation college students.

2. Martin J. Svaglic Humanities Scholarship

Amount Granted: Not specified
Minimum GPA: 3.8
Deadline: March 3rd

As part of Loyola University Chicago scholarships, the Martin J. Svaglic Humanities Scholarship is awarded to two qualified new freshman or transfer students admitted into humanities programs. Eligible majors include Art History, Fine and Performing Arts, Classical Studies, Dance, English and Creative Writing, French, History, Italian, Latin, Music, Philosophy, Religious Studies, Spanish, Theatre, Theology, and Visual Communications. This Loyola University Chicago scholarship application is available on the student’s application portal.

3. Ignatian Scholarship Loyola Chicago

Amount Granted: Full tuition
Minimum GPA: Not specified
Deadline: Not specified

The Ignatian Scholarship is a full tuition award granted to selected freshman students on an invite-only basis. Candidates for this highly competitive Loyola University Chicago scholarship must participate in a virtual interview with faculty and administrators in late March. This Loyola scholarship is renewable based on the Scholarship Renewal Policy.

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4. James Wesley White, Jr. Scholarship

Amount Granted: $2,000
Minimum GPA: Not specified
Deadline: April 1, 2025

The James Wesley White, Jr. Scholarship is awarded annually in honor of James “Jay” Wesley White, Jr. This Loyola scholarship is available to current sophomores and juniors majoring in theatre. It recognizes students with exceptional talent, dedication, and passion for the performing arts. Recipients are selected based on academic achievement, artistic excellence, and commitment to their craft.

5. Gannon Scholars

Amount Granted: $8,000 per year
Minimum GPA: Not specified
Deadline: February 1, 2025

The Gannon Scholars Program awards ten $8,000 scholarships annually to students who demonstrate exceptional leadership, scholarship, and service while supporting the mission of the Gannon Center for Women and Leadership. This Loyola scholarship is renewable for three additional years, provided the recipient actively participates in the Gannon Scholars Leadership Program. Applicants will be notified of their status via email in early March, with final scholarship decisions announced in early April.

6. Immaculata High School of Chicago Alumnae Association Scholarships

Amount Granted: Varies (Based on financial need)
Minimum GPA: Not specified
Deadline: May 1, 2025

Among the Loyola University Chicago scholarships, the Immaculata High School of Chicago Alumnae Association Scholarships are available to alumnae of Immaculata High School of Chicago and their eligible family members. Qualified applicants include children, stepchildren, adopted children, nieces, nephews, grandchildren, and descendants of spouses of alumnae.

7. Jesuit, Blessed Virgin Mary (BVM), and Sisters of Christian Charity High School Scholarship

Amount Granted: Half tuition
Minimum GPA: 3.0 (at application), 2.0 (for renewal)
Deadline: March 15, 2025 (Nomination submission)

As part of Loyola University Chicago scholarships, this half-tuition scholarship is awarded to one student from each Jesuit, B.V.M., and Sisters of Christian Charity high school in the United States, Canada, and Puerto Rico. Candidates must be nominated by their high school principal or designated representative (one nomination per school). Nomination forms are sent to eligible high schools in January. This Loyola scholarship recipient must maintain a 2.0 cumulative GPA at Loyola University Chicago to retain the award.

8. Latino Art Beat Scholarship at Loyola University Chicago

Amount Granted: $8,000 total ($2,000 per year for four years)
Minimum GPA: Not specified
Deadline: Not specified

Among the Loyola University Chicago scholarships, the Latino Art Beat Scholarship awards two scholarships to three new students who are accepted to Loyola University Chicago and recognized as winners in Chicago’s Latino Art Beat competition. This scholarship, granted by Mr. Don Rossi Nuncio, president of Latino Art Beat, is tuition-restricted and distributed as $2,000 per year for four consecutive years.

9. National Merit/National Achievement Finalists Scholarship

Amount Granted: Full tuition (select recipients) or $2,000 per year
Minimum GPA: 3.4 (for full tuition recipients), 3.0 (for $2,000 scholarship recipients)
Deadline: March 1, 2025

As part of Loyola University Chicago scholarships, one full-tuition scholarship is available to students who have been named National Merit/National Achievement Finalists by the National Merit Corporation. Qualified students must submit a copy of their award letter from the National Merit Corporation as their application for this scholarship. A selection committee reviews Loyola University Chicago applications based on admission materials, writing samples, and transcripts. Any finalist not awarded the full-tuition scholarship will receive a $2,000 Loyola-sponsored scholarship instead. To be eligible, students must name Loyola University Chicago as their first-choice school with the National Merit Corporation.

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10. David Prasse Community Schools Scholarship

Amount Granted: Varies
Minimum GPA: Not specified
Deadline: March 3, 2025

The David Prasse Community Schools Scholarship awards five scholarships of varying amounts through a selective process to students admitted from Senn High School. Eligible students must graduate from Senn High School by the summer term. Applicants are encouraged to file the Free Application for Federal Student Aid (FAFSA) as soon as possible to qualify for the Illinois Monetary Award Program (MAP). Undocumented students are also invited to apply. This University of Chicago scholarship recipients will participate in a comprehensive program designed to enhance their academic, social, spiritual, community, and professional experiences during college. Students can find the application on their admitted student status page.

11. Zolp Scholarship

Amount Granted: Varies (Based on fund availability and number of recipients)
Minimum GPA: Not specified
Deadline: March 1, 2025 (Application) | February 1, 2025 (Admission deadline)

As part of Loyola University Chicago scholarships, the Wm. Zolp Scholarship is an endowed scholarship that covers tuition costs for Catholic students with the last name "Zolp". This Loyola scholarship is for those people who attend Loyola University Chicago. To qualify, applicants must provide official documentation, including a birth certificate and a baptismal or confirmation certificate verifying their last name and Catholic faith. Prospective students must be admitted to Loyola University and complete their scholarship application through LUC Scholarship Connect after January 1st.

12. SIM Chicago Scholarship at Loyola University Chicago

Amount Granted: Up to $2,500 per year (for two years)
Minimum GPA: Not specified
Deadline: Not specified

Among the Loyola University Chicago scholarships, the SIM(Society for Information Management - Chicago Chapter) Chicago Scholarship awards to students pursuing a computer science-related major. Preference is given to students who are sophomores or above and who demonstrate financial need. This scholarship is sponsored by SIM Chicago, offering recipients a unique opportunity to engage with thought leaders in technology and business. This Loyola University scholarship supports SIM Chicago’s mission to develop the next generation of IT leaders, ensuring the industry’s future success. Students can apply through the portal LUC Scholarship Connect.

Other Programs Offered by Loyola University Chicago

In addition to Loyola University Chicago scholarships, the university provides special programs that support students in various academic and financial capacities.

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Program Name	Description
Catholic Heritage Award	A $2,500 award is given to incoming students who have attended a Catholic high school or are actively involved in their Catholic parish. It is renewable for four years.
The Loyola Undergraduate Research Opportunities Program (LUROP)	Loyola’s largest research program, offering students funding and guidance to conduct independent research or work on faculty-led projects. Available across multiple disciplines.
Mulcahy Scholars Program	Provides research funding to students in the College of Arts and Sciences. Scholars receive mentorship and the opportunity to present research findings at Loyola’s annual research symposium.
Cristo Rey Scholars Program	A highly selective, full-tuition scholarship for graduates of Cristo Rey High School. Scholars must demonstrate academic excellence, leadership, and financial need. Students participate in leadership development and community engagement programs.

Financial Aid Offered by Loyola University Chicago

Loyola University Chicago provides various financial aid options to support students in managing tuition costs. These include need-based aid, grants, work-study opportunities, and loans. Here’s an overview of the financial aid options available:

1. Need-Based Grants

Loyola Grant – Awarded to students based on financial need as determined by FAFSA.
Federal Pell Grant – A federal grant for undergraduate students with exceptional financial need.
Federal Supplemental Educational Opportunity Grant (FSEOG) – Additional federal funding for Pell Grant recipients with high financial need.
Illinois Monetary Award Program (MAP) Grant – Available for Illinois residents attending college in the state.

2. Federal Work-Study Program

Provides eligible students with part-time jobs on-campus or with approved off-campus employers.
Helps students earn money to cover educational expenses.

3. External & Institutional Scholarships

In addition to Loyola University Chicago scholarships, students can apply for external top scholarships in the USA from private organizations, nonprofits, and businesses.

Student Housing Near Loyola University Chicago

Loyola University Chicago scholarships help ease the cost of education, but finding affordable, student-friendly housing is just as important. Living off-campus gives students the freedom to explore Chicago’s diverse neighborhoods while staying close to Loyola’s Lakeshore Campus. Whether you’re looking for a budget-friendly studio or a spacious apartment with roommates, amber offers verified options for student housing near Loyola University Chicago that balance convenience, comfort, and affordability

The Link Evanston – Modern student apartments with premium amenities near campus.
Tailor Lofts – Spacious, fully furnished units with a strong student community.
Prairie Shores – Affordable housing with easy access to public transport.
Post Chicago – Upscale student living with city views and modern interiors.
Lake Meadows – Comfortable and budget-friendly apartments near campus facilities

Loyola University’s unwavering commitment to student success is evident, with approximately 94% of undergraduate students receiving financial aid through grants. This support empowers students to immerse themselves fully in their studies, engage in enriching extracurricular activities, and prepare for impactful careers. By investing in its students, Loyola University Chicago scholarships not only transform individual lives but also cultivate leaders poised to effect positive change in their communities and beyond.

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