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In the 2008-2009 academic year, Graduate School students at Loyola University Chicago received approximately $6 million in assistantship and fellowship stipends, as well as about $4 million in tuition scholarships. These awards are offered on a competitive basis to Loyola's most talented Graduate School students and normally range from $14,000 to $25,000. Most awards are announced in the spring preceding enrollment and most are renewable, based on academic performance, and can be held for up to four or five years.
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The American Marketing Association defines marketing as, "the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives.".
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