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@phoenixloyola
Loyola students will see an additional $2,170 added on to their annual tuition bills as the university’s Board of Trustees announced a 4.5% increase in the cost of undergraduate tuition for the 2023-24 academic year, bringing the annual total to $50,270. This total doesn’t include room and board and meal plans fees, which are also set to increase along with tuition, according to the Jan. 23 letter sent to students. Tuition for graduate and professional programs will also increase up to 4.3%. The increase is higher than the 3.65% increase the university implemented for the 2022-23 school year and is the largest increase in nearly a decade, The Phoenix previously reported. The 4.5% undergraduate increase is higher than the average increase over the past 10 years of 3.6%, but is within the university’s promise to not stray 1.5% above this average with annual increases, according to the letter. Wayne Magzdiarz, the university’s senior vice president, chief financial officer and chief b...

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