As a parent, I looked into this in detail before my daughter started there this year. Quick synopsis of what I found: Katrina hurt Tulane and Loyno dramatically - financially and in terms of enrollment. (Tulane closed for the year and Loyno reopened 2nd semester I believe.) The 6-year graduation rates that are quoted everywhere start w/data from about 2 years previous,then go back 8-10 years, so current/recent stats still reflect the impact of Katrina upon students. And those stats affect ratings, which affect applications. But Tulane has a much higher endowment to fall back upon. In the years post-Katrina, Loyno started belt-tightening and reduced student aid - too precipitously, the school now admits. They also ran a deficit & cut non-teaching staff due to the deficit. Then there was a population dip in the number of high school graduates about 3 years ago and many small liberal arts colleges, including Loyno, had a dip in enrollment. (St. Mary’s in Maryland actually fired its president as a result.) Loyno’s enrollment has continued to be less than it was pre-Katrina, which means fewer funds. When I asked admin staff about the trend, they said true but that the retention rate of students has improved as their student body has become smaller. I believe they have cut the deficit dramatically but recently announced an examination or possible reorganization of some departments. Some of the faculty has recently been upset and critical of the president, but last month the university announced faculty raises so that may have helped Personally - my daughter loves it there, I have been impressed with the caliber of administrators & professors (lectures I heard on Family Weekend), class size, & the facilities appear to be in fine shape. My sources of info: friends who teach at other Jesuit schools, national media, talks I’ve had with admission & administrative staff, and The Maroon (the award-winning student newspaper, which pulls no punches.