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Loras College

Dubuque, IA 52004-0178 — Private Nonprofit

Value Score: 70/100 | ROI Score: -63 | Affordability Score: 55/100

Tuition (In-State): $39,824 | Out-of-State: $39,824

Acceptance Rate: 99.9% | Graduation Rate: 68.7% | Retention Rate: 82.3%

Median Earnings (10yr): $58,289 | Median Debt: $26,000

Student Body Size: 1,083 (small)

Pell Grant Recipients: 23.4% | Federal Loan Rate: 58.1%

Average Faculty Salary: $7,039/month

Tuition & Affordability Analysis

In-state tuition at Loras College is $39,824 per year, which is near the national average for private institutions.

Out-of-state students pay $39,824/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.

Estimated four-year tuition cost: $159,296 (tuition only, not including room, board, and fees).

What You Actually Pay: Net Price by Family Income

The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Loras College:

  • Families earning $0–$30,000: $20,479/year
  • Families earning $30,001–$48,000: $17,033/year
  • Families earning $48,001–$75,000: $15,624/year
  • Families earning $75,001–$110,000: $20,233/year
  • Families earning $110,000+: $23,039/year

Low-income families receive an average discount of $19,345/year, paying just 51% of the sticker price.

Admissions Snapshot

Loras College has an acceptance rate of 99.9%, placing it in the Open Admission (85%+) category. This means roughly 271 students apply each year.

Loras College accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.

Graduate Outcomes & Return on Investment

68.7% of students at Loras College complete their degree, 11% above the national average. This is a solid graduation rate.

First-year retention rate: 82.3% (near the national average). This indicates most students are satisfied enough to return for sophomore year.

Graduates of Loras College earn a median salary of $58,289 ten years after enrollment, 43% above the national average. This represents a $23,289/year earnings premium over the average high school diploma holder, or $698,670 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $26,000, 21% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $282/month, with a total repayment of $33,840 (including $7,840 in interest).

Debt-to-Earnings Ratio: 0.45x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from Loras College pays for itself in approximately 7 years. This is a reasonable investment timeline.

Financial Aid Profile

23.4% of students at Loras College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 29% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.

58.1% of students take federal loans, 24% above the national average. This is a moderate borrowing rate.

Average faculty salary: $7,039/month, 19% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Loras College enrolls 1,083 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.

Diversity Index: 44/100 (higher = more diverse). The student body is less diverse than average.

Student body composition: White 75%, Hispanic 8%, Black 4%, Asian 1%.

Loras College: High Accessibility with Mixed Academic Outcomes

Report Card: Overall Grade D+

Loras College receives an overall grade of D+ based on six dimensions:

  • Academics: D+
  • Value: F
  • Outcomes: B
  • Affordability: C+

College Analysis

Loras College is a Private Nonprofit institution in Dubuque, IA with approximately 1,083 students. Loras College has a high admission rate, indicating strong accessibility. The college's graduation rate is below the national average, suggesting potential challenges in student retention. Median earnings 10 years post-graduation are above the national average, indicating good career outcomes.

The Verdict: Is Loras College Worth It?

Based on the data, Loras College presents a challenging value proposition. With an annual tuition of $39,824 and a median 10-year earnings of $58,289, the sticker price is high relative to the average post-graduation income. The median debt of $26,000, combined with the negative ROI Score of -63, strongly suggests that for many students, Loras College is an overpriced investment. A negative ROI score indicates that, on average, the financial benefits of attending Loras do not outweigh the costs over a 20-year period, especially when compared to a high school diploma or other educational paths. To put it plainly, Loras College is not a good deal for the average student paying full tuition. While a median earning of nearly $60,000 is respectable, the high tuition means it would take a significant portion of those earnings to pay off the $26,000 median debt, likely extending beyond the typical 10-year repayment plan without substantial financial aid. For students who receive generous scholarships and grants that significantly reduce the net cost, the value proposition improves dramatically. However, for those paying near sticker price, the financial burden and negative ROI make it difficult to recommend as a sound financial investment. Prospective students must aggressively pursue financial aid to make Loras a viable option; otherwise, it risks being a financially burdensome choice.

Return on Investment

The degree from Loras College is worth the cost for students who prioritize career outcomes and accessibility, but the high tuition might be a concern for others.

Debt Reality Check

Median student debt at Loras College: $26,000. Monthly payment on a standard 10-year plan: $295/month. Total repaid: $35,400 ($9,400 in interest).

Breakeven vs high school diploma: 0.9 years. Debt burden: Manageable. Salary needed for comfortable repayment: $35,400.

Strengths

  • High accessibility and strong career outcomes
  • Good earnings potential

Weaknesses

  • Below-average graduation rate
  • Moderate affordability

Academic Profile

Retention Rate: 82.3%.

Loras College prides itself on a rigorous yet supportive academic environment rooted in the Catholic intellectual tradition, emphasizing critical thinking, ethical reasoning, and a commitment to service. With a student body of just over 1,000, the student-faculty ratio is exceptionally favorable, ensuring personalized attention and strong mentorship opportunities that are a hallmark of the Loras experience. Faculty members are not just instructors but mentors, often engaging students in research and real-world projects.

While Loras offers a comprehensive liberal arts curriculum, several departments stand out for their strength and popularity. The Education program is highly regarded, known for producing exceptional teachers through extensive field experience and a strong theoretical foundation. The Francis J. Noonan School of Business offers robust programs in Accounting, Finance, Marketing, and Sport Management, with a strong emphasis on practical application and ethical leadership. The Nursing program is also highly competitive and respected, preparing students for vital roles in healthcare. Additionally, Loras has strong pre-professional tracks for students aspiring to careers in medicine, law, and engineering (often through 3+2 programs with larger universities).

Undergraduate research is a significant component of the Loras academic experience. Students across disciplines have opportunities to collaborate directly with faculty on research projects, present at conferences, and even publish their work. The annual 'Loras College Research & Scholarship Celebration' showcases this vibrant research culture. The Honors Program provides an enriched curriculum for high-achieving students, offering interdisciplinary seminars, enhanced research opportunities, and a capstone project.

For students looking to broaden their horizons, Loras offers a variety of study abroad programs, with popular destinations including Ireland, Italy, and Central America, often with a focus on service learning or cultural immersion. Academic support is robust, with a dedicated Academic Resource Center offering free tutoring, writing assistance, and study skills workshops. Career Services also plays a vital role, providing guidance on internships, resume building, and job placement, leveraging Loras's strong alumni network to connect students with opportunities. The emphasis here is on holistic development, ensuring students are not only academically prepared but also ethically grounded and career-ready.

Financial Aid Guide for Loras College

Pell Grant recipients: 23.4%. Students taking federal loans: 58.1%.

Navigating financial aid at Loras College is a crucial step for most families, especially with a tuition of $39,824. The good news is that Loras is committed to making its education accessible, and a significant percentage of students receive some form of financial assistance. Given the 99.9% admission rate, Loras actively seeks to enroll students and uses financial aid as a key tool to attract a diverse and talented class.

Merit-based scholarships are a cornerstone of Loras's aid strategy. These are awarded based on academic achievement, leadership, and extracurricular involvement, regardless of financial need. Incoming freshmen with strong high school GPAs and impressive resumes can expect to be considered for scholarships ranging from $10,000 to $25,000 annually. Examples include the 'Presidential Scholarship' for top academic performers or the 'Dean's Scholarship' for strong students. There are also specific scholarships for leadership, service, and even talent-based awards in areas like music or art. Applying early often gives students the best chance for these competitive awards.

Need-based aid, determined by the Free Application for Federal Student Aid (FAFSA), is also widely available. This includes federal Pell Grants (for which many Loras students qualify), Federal Supplemental Educational Opportunity Grants (FSEOG), and the Iowa Tuition Grant, which can provide up to $7,000 annually for eligible Iowa residents attending private colleges. Federal Direct Student Loans are a common component of aid packages, with typical annual amounts ranging from $5,500 for freshmen to $7,500 for upperclassmen. Federal Work-Study is also offered, allowing students to earn money for educational expenses through part-time campus jobs, typically paying around $10-$12 per hour.

A typical aid package for a student with a 3.5 GPA and moderate financial need might look like this: a $18,000 merit scholarship, $6,000 in federal grants, and $5,500 in federal student loans, bringing the initial cost down by over $29,000. For families with higher need, additional institutional grants may be layered in. It is absolutely realistic to negotiate your financial aid package at Loras, especially if you have received a more generous offer from a comparable institution. Contact the financial aid office with your competing offers and a polite request for reconsideration; they are often willing to work with families to make Loras a viable option. The median debt of $26,000 upon graduation suggests that while loans are part of the picture, Loras strives to keep borrowing manageable.

Hidden Costs at Loras College

  • Beyond the stated tuition, students should budget approximately $1,200-$1,500 annually for textbooks and course materials, which can vary significantly by major.
  • While most students live on campus, upperclassmen choosing off-campus housing in Dubuque should anticipate rent and utility costs averaging $600-$800 per month.
  • Even with a meal plan, students often spend an additional $500-$800 per year on snacks, coffee, and dining out with friends in Dubuque.
  • Mandatory fees, including technology, activity, and health service fees, typically add an extra $1,000-$1,500 to the annual bill.
  • Students bringing a car to campus will need to purchase a parking permit, which usually costs around $150-$200 per academic year.
  • Personal expenses, such as toiletries, entertainment, and miscellaneous shopping, can easily amount to $1,500-$2,000 annually.
  • For students not covered by a family plan, health insurance through the college or a private provider could add $2,000-$3,000 per year.

Alumni Outcomes & Career Paths

Loras College, situated in Dubuque, Iowa, prepares its graduates for a diverse range of career paths, primarily within the Midwest region. Given its liberal arts foundation, alumni often excel in fields requiring strong communication, critical thinking, and problem-solving skills. Major employers that frequently recruit Loras graduates or where alumni cluster include regional healthcare systems like MercyOne Dubuque Medical Center and UnityPoint Health – Finley Hospital, which seek graduates for roles in nursing, allied health, and administration. The education sector is another significant destination, with alumni finding positions in the Dubuque Community School District, Western Dubuque Community School District, and other regional K-12 institutions, as well as higher education roles.

In the business and finance sectors, companies such as Dupaco Community Credit Union, American Trust & Savings Bank, and Honkamp Krueger & Co., P.C. (accounting) are common employers. Manufacturing giants with a regional presence, like John Deere (Waterloo/Dubuque operations) and Hormel Foods, also attract Loras talent, particularly in business, supply chain, and engineering-related roles. Social services and non-profit organizations, including Catholic Charities and local government agencies, also benefit from Loras's commitment to service.

While specific graduate school placement rates are not publicly detailed, Loras College's strong academic foundation often prepares students for advanced studies in law, medicine, education, and various humanities and social science disciplines at institutions across the Midwest. The college's Career Services office plays a crucial role, offering personalized advising, resume workshops, interview preparation, and networking events. They actively cultivate relationships with regional businesses and organizations to establish internship pipelines, providing students with valuable real-world experience before graduation. These internships often convert into full-time employment, particularly in Dubuque, Cedar Rapids, and the Quad Cities. Geographically, the majority of Loras alumni tend to remain in Iowa, Illinois, and Wisconsin, leveraging the college's strong regional network.

Campus Life & Culture at Loras College

Loras College primarily attracts students from Iowa and the surrounding Midwest states, creating a regional yet welcoming atmosphere. While efforts are continuously made to enhance diversity, the student body largely reflects the demographics of the area. The ideal Loras student thrives in a close-knit, supportive community, values personalized attention from faculty, and is eager to engage in a faith-informed liberal arts education that emphasizes service and holistic development.

Life on 'The Hill' at Loras College is defined by a strong sense of community, where students quickly find their niche and feel a genuine connection to their peers and the institution. As a private Catholic liberal arts college, Loras fosters an environment where faith, service, and intellectual curiosity intertwine with a vibrant social scene. Most first-year students reside in traditional residence halls like Keane Hall or Becket Hall, which are known for their tight-knit communities and active Resident Assistants who organize frequent social events. Upperclassmen have options ranging from suite-style living to campus apartments, providing a gradual transition to more independent living while remaining connected to campus.

The main dining hall, the Loras Dining Hall, serves as a central hub for meals and casual gatherings, offering a variety of options to cater to different tastes and dietary needs. Beyond the main hall, students can grab a quick bite or coffee at the Pub or the Duhawk Market. Weekends at Loras are far from dull; while Dubuque offers some local attractions, much of the social life revolves around campus events. The Student Union is often buzzing with activities, from movie nights and trivia contests to open mic sessions.

Student organizations are incredibly active, with over 50 clubs ranging from academic honor societies and service groups to special interest clubs like the Loras Players (theater) or the Duhawk Dance Team. Unlike many larger institutions, Loras does not have traditional Greek fraternities or sororities, which means student leadership and social planning are distributed across a wider array of campus organizations, fostering inclusivity.

Athletics are a huge part of the Loras identity. As an NCAA Division III school, the 'Duhawks' inspire immense school spirit, particularly for football, basketball, and soccer. Attending games is a popular social activity, and the athletic facilities are top-notch. Traditions like Homecoming, the annual 'Dance Marathon' for charity, and the 'Rock the Block' street festival further cement the communal bond. The campus itself, perched atop a hill overlooking the Mississippi River, offers stunning views and a picturesque backdrop for daily life, encouraging students to explore the historic architecture and green spaces. The overall vibe is one of supportive camaraderie, where students are encouraged to participate, lead, and grow within a close-knit, faith-informed community.

Campus Highlights

  • The historic 'Hill' campus offers breathtaking panoramic views of Dubuque and the Mississippi River, providing a picturesque and inspiring learning environment.
  • A profoundly close-knit and supportive community where personalized attention from faculty and staff is the norm, fostering strong student-mentor relationships.
  • Vibrant NCAA Division III athletics, with the 'Duhawks' inspiring immense school spirit and offering numerous opportunities for student involvement and leadership.
  • A strong commitment to the Catholic intellectual tradition, integrating faith, reason, and service into all aspects of the educational experience.
  • Extensive undergraduate research opportunities across disciplines, allowing students to collaborate directly with faculty and present their findings.
  • Exceptional career outcomes, with a median earning of $58,289 ten years after enrollment, reflecting the value of a Loras degree in the job market.
  • A rich array of student organizations and traditions that ensure a dynamic social life and ample opportunities for personal growth and community engagement.

Location & Regional Advantages

Loras College's location in Dubuque, Iowa, offers a unique blend of small-city charm and regional economic opportunity, significantly influencing post-graduation career prospects. Dubuque, nestled along the Mississippi River, is a vibrant hub in the tri-state area (Iowa, Illinois, Wisconsin), providing a local job market that, while not as vast as a major metropolis, is robust in specific sectors. Healthcare, education, manufacturing, and financial services are strong industries here, with major employers like MercyOne, UnityPoint Health, John Deere, and Dupaco Community Credit Union consistently seeking talent. This means Loras graduates have immediate, accessible opportunities right in their backyard, often through established internship-to-hire pathways.

The cost of living in Dubuque is notably lower than national averages, making it an attractive place for recent graduates to start their careers without the burden of exorbitant housing or daily expenses. This affordability allows graduates to maximize their earnings and manage student debt more effectively. While Dubuque itself isn't a global industry hub, its strategic location places it within a few hours' drive of larger cities like Chicago, Milwaukee, and Minneapolis, offering access to broader job markets for those willing to relocate or commute for specific opportunities.

Quality of life in Dubuque is high, characterized by a strong sense of community, numerous parks, cultural attractions, and outdoor recreational activities along the river. The city is generally safe, contributing to a comfortable living and learning environment. Weather patterns include four distinct seasons, with cold, snowy winters and warm, humid summers. For career opportunities, the local network is strong and accessible, often leading to quicker entry into professional roles for those who wish to stay in the region. The smaller, tight-knit community fosters connections that can be invaluable for career advancement, leveraging the 'Duhawk' (Loras mascot) alumni network within the tri-state area.

How to Get Into Loras College

Given Loras College's 99.9% admission rate, the application process is less about 'getting in' and more about demonstrating that Loras is the right fit for you and that you will contribute positively to its close-knit community. The admissions office is looking for students who are genuinely interested in a liberal arts education within a Catholic framework and who are eager to engage both academically and socially.

While Loras offers Early Action (EA), which can be beneficial for receiving an admissions decision and scholarship notification earlier, it's not a make-or-break factor for admission due to the high acceptance rate. However, applying by an early deadline (e.g., November 1st or December 1st) often positions you for the best consideration for merit scholarships. Loras operates on a rolling admissions basis after these priority deadlines, meaning applications are reviewed as they are received until the class is full.

What the admissions office values most is a student's character, their potential for growth, and their alignment with Loras's mission. A solid B average (around a 3.0 GPA) in a college preparatory curriculum is generally sufficient. Loras is test-optional, so if your SAT or ACT scores don't reflect your academic potential, you are not required to submit them. If you do submit scores, they will be considered as part of a holistic review. There's no specific 'magic number' for test scores; they are just one piece of the puzzle.

Your application essay is an opportunity to showcase your personality and articulate why Loras specifically appeals to you. Strong essays often highlight personal growth, community involvement, leadership experiences, or a genuine curiosity about a particular field of study. Avoid generic essays; instead, connect your aspirations to Loras's specific programs, values, or campus environment.

Demonstrated interest is highly valued. Visiting campus, attending virtual information sessions, or engaging with an admissions counselor shows Loras that you are serious about attending. This can subtly influence scholarship decisions and ensure you're on their radar. The timeline is flexible, but aiming to complete your application by early winter (December/January) is advisable to ensure ample time for financial aid processing and scholarship consideration.

How Loras College Compares to Similar Schools

Similar schools: Clarke University (Dubuque, IA), University of Dubuque (Dubuque, IA), Mount Mercy University (Cedar Rapids, IA), Wartburg College (Waverly, IA), Augustana College (Rock Island, IL)

Advantages

  • Strong, established regional alumni network, particularly in the Dubuque tri-state area.
  • Catholic liberal arts tradition provides a values-based education and strong community focus.
  • Personalized attention and smaller class sizes due to its intimate student body.
  • Proximity to a stable, albeit smaller, local job market with established employers.

Disadvantages

  • High tuition cost relative to median graduate earnings and a negative ROI score.
  • Limited diversity in student body and geographic reach compared to larger institutions.
  • Smaller job market in Dubuque compared to schools located in major metropolitan areas.

Best For

  • Prospective students interested in a small, accessible, and affordable private college.
  • Students seeking strong career outcomes and good earnings potential.

Avoid If

  • Students looking for a high graduation rate might want to consider other options.
  • Prospective students with financial constraints might find the tuition expensive.

Frequently Asked Questions about Loras College

How much does it cost to attend Loras College?

In-state tuition at Loras College is $39,824 per year, and out-of-state tuition is $39,824 per year. The median student debt at graduation is $26,000.

What is the acceptance rate at Loras College?

Loras College has an acceptance rate of 99.9%.

What is the graduation rate at Loras College?

Loras College has a graduation rate of 68.7%.

How much do Loras College graduates earn?

The median earnings for Loras College graduates 10 years after enrollment is $58,289. With median debt of $26,000, graduates earn roughly 2.2x their debt level annually.

How big is Loras College?

Loras College has approximately 1,083 students and is classified as a small institution. It is located in Dubuque, IA and is a Private Nonprofit institution.

Is Loras College worth the cost?

Loras College has an ROI score of -63 out of 100. With in-state tuition of $39,824 per year and median post-graduation earnings of $58,289, the data suggests the return on investment may be below average.

Where is Loras College located?

Loras College is located in Dubuque, IA. It is a Private Nonprofit institution with approximately 1,083 students.

How much student debt do Loras College graduates have?

The median student debt for Loras College graduates is $26,000. With median earnings of $58,289 ten years after enrollment, graduates can expect a debt-to-income ratio of 45%.

Is Loras College a good college?

Loras College has a graduation rate of 68.7% and median post-graduation earnings of $58,289. High admission rate (99.86%)

How does Loras College compare to similar colleges?

Graduation rate of 68.69% While Loras College offers strong career outcomes, its graduation rate is lower than its high admission rate, suggesting potential challenges in student retention.

What career prospects do Loras College graduates have?

Graduates of Loras College are well-positioned for careers with median earnings above the national average.

What should prospective students know about Loras College?

Loras College holds a moderate position in the market, balancing accessibility with good career outcomes.

What makes Loras College stand out?

Median earnings 10 years post-graduation are $58,289

What are the pros and cons of attending Loras College?

Tuition is $39,824 for in-state and out-of-state students

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.