Tuition and Financial Aid | Loyola Academy

Investing in a Transformative Jesuit Education

The value of a Loyola education is measured not only by academic rigor and college readiness, but by the development of Ignatian leaders who think critically, serve generously, and lead with courage and conscience.

Financial Aid Overview

Financial Aid Process

Financial aid is awarded to qualified students on the basis of demonstrated financial need and offered in the form of grants—not loans. Awards are made annually, and families must reapply each year.

To be considered for financial aid, families must complete two application forms:

Loyola Academy has a limited financial assistance budget. Applications and supporting documents submitted after the deadline may not be considered for funding.

Application Forms

Two application forms are required to apply for financial aid:

  • Blackbaud Financial Aid Management application—our outside financial aid service. Visit Blackbaud Financial Aid Management to create an account and complete your application online. There is a $20 required application fee.
  • Loyola Academy application—download and complete the application. Submit your application to the Loyola Academy Tuition Office.
Supplemental Required Documents

For the Class of 2030: to receive a tentative award amount, the following documents must be submitted to both Blackbaud Financial Aid Management and Loyola Academy by January 6, 2026:

  • 2024 W-2 forms
  • 2024 1099 forms
  • 2024 federal tax returns

 

The following documents are request for ALL classes to receive a final financial aid award letter:

  • 2025 W-2 forms
  • 2025 1099 forms
  • 2025 federal tax returns

Note, for the Class of 2030, awards are not finalized until the applicant's 2025 W-2 forms, 1099 forms, and federal tax returns are submitted.

Key Dates
  • December 6, 2025—Financial Aid applications forms available for the Class of 2030. Please note, students must test at Loyola Academy on December 6 to be considered for financial assistance.
  • January 6, 2026—Both applications and supporting documents due to Blackbaud Financial Aid Management and Loyola Academy for the Class of 2030.*
  • February 2, 2026—Financial Aid Application forms available for all returning students.
  • April 1, 2026—Both applications and supporting documents due to Blackbaud Financial Aid Management and Loyola Academy.*
  • May 1, 2026—Financial Aid Award Letters sent. 

*Please note, Loyola Academy has a limited financial assistance budget. Therefore, applications and required forms submitted after the deadline may not be able to be considered.

Merit Scholarships: Honoring Excellence, Inspiring Potential

At Loyola Academy, we are proud to recognize and reward academic promise, leadership, and character through our merit scholarship program. These scholarships celebrate students who exemplify the values of a Jesuit education and demonstrate exceptional potential to thrive as Ignatian leaders. Merit scholarships are awarded based on specific criteria and are not tied to a family’s demonstrated financial need.

To be considered, applicants must take the Loyola Academy entrance exam, which utilizes the High School Placement Test (HSPT) and is administered at Loyola. For high-achieving students eager to make a difference in the world, a Loyola merit scholarship is both an honor and an invitation—to grow, to lead, and to set the world on fire as women and men for others.

Joe Morahan and Judy Winnick Arts Scholarship

The Joe Morahan and Judy Winnick Arts Scholarship is awarded to incoming freshmen who are passionate about the visual or performing arts and plan to pursue four years of Fine Arts coursework at Loyola Academy. Rooted in the Jesuit belief that creativity and expression are essential to the formation of the whole person, the scholarship recognizes students who will share their artistic gifts with the Loyola community through leadership, imagination, and collaboration. Recipients receive a renewable $4,000 annual scholarship, provided they remain enrolled in a Fine Arts course each year.

More info

Tuition for the 2026-27 year is $22,625

An Investment
At Loyola Academy, tuition is not just a cost—it is an investment in the formation of the whole person. Rooted in the Catholic and Jesuit tradition, our education goes beyond the classroom to shape young women and men of intellect, faith, compassion, and purpose. Through rigorous academics, transformative opportunities in athletics, the arts, leadership, and service, and a community grounded in cura personalis, students are prepared not only for college, but for lives of meaning, courage, and impact.
Tuition Policy

As a private school, Loyola Academy relies extensively on tuition to fund its operations. Consequently, it is essential that those responsible for paying a student’s tuition do so on a timely basis in accordance with their selected tuition payment plan.

If, after selecting a payment plan, a parent or guardian encounters unanticipated financial difficulty, it is the parent’s or guardian’s responsibility to notify the Business Office as soon as possible to discuss an alternative payment plan.

Failure to pay tuition in accordance with a parent’s or guardian’s selected tuition plan can result in serious repercussions for the student. If a student’s parent or guardian has an outstanding balance from a previous year, the student and any siblings will not be able to enroll and attend class until the outstanding balance is paid. If a student’s parent or guardian has not made a tuition payment prior to the start of school, the student and any siblings will not be able to enroll or attend class until the outstanding balance is paid. If tuition becomes delinquent during the school year, the student will be allowed to attended classes and sit for exams up until the end of the semester in which the delinquency occurs. However, the student will not earn credit for his or her coursework until the delinquent tuition owed to Loyola Academy is paid by the student’s parent or guardian. Also, while the student’s tuition remains delinquent, the student will not be able to participate in interscholastic athletics or other cocurriculars such as theater, dance or student council. Finally, if delinquent tuition is not paid by the end of the semester, the student will be required to withdraw from Loyola Academy.

In cases where the student is required to withdraw, the student’s official transcript will remain incomplete and will not be released until the outstanding tuition balance is satisfied. Additionally, while seniors with delinquent tuition balances will be allowed to participate in graduation exercises, they will not receive a diploma until their delinquent tuition balance or any outstanding fees are paid. Also, a senior's final and official transcript will remain incomplete and will not be released until his or her delinquent tuition balance and any outstanding fees are paid. In addition, this policy applies to unreturned library books, athletic equipment or any other property of Loyola Academy.

If you have any questions regarding our tuition policy, please feel free to contact Director of Tuition and Financial Aid Ms. Julia Biasco at 847.920.2427.

Payment Plans
Loyola Academy offers four payment plans for the 2025–26 academic year:
  • Annual — 1 installment of $22,625 due on June 15
  • Semi Annual — 2 installments of $11,312.50 due on June 15 and December 15
  • Quarterly — 4 installments of $5,656.25 due on June 15, September 15, December 15, and March 15
  • Monthly — 10 installments of $2,262.50 due on June 15, July 15, August 15, September 15, October 15, November 15, December 15, January 15, February 15, March 15
Required Fees
  • Class of 2030 iPad Device Fee — $635 — Due on June 15
  • Class of 2029 and 2030 Technology Fee — $190 — Due on June 15
  • O'Shaughnessy Program Fee — $750 — Due on August 15
  • Clavius Scholars Honors Program Fee — $150 — Due on September 15
  • Dumbach Scholars Honors Program Fee — $150 — Due on September 15
  • Ricci Scholars Honors Program Fee — $150 — Due on September 15
  • STEAM Leaders Program Fee — $150 — Due on September 15
  • EBook Fee — $175 — Due on June 15

Late Payment Fee $40 fee will be assessed to all accounts delinquent five days after payment due date.

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