In 1964 the entire block north of Santo Domingo was purchased for a new building completed in 1971 . The 1972 Nicaragua earthquake devastated the area , but the new school remained intact . Classes opened in 1973 under the new name Instituto Loyola , which now included secondary school , the first Jesuit secondary school in Central America to admit girls . This came about through the reduction of the local population and consequent closing of the night school after the earthquake . In 1979 the school began operating in two shifts : morning elementary and afternoon secondary . The same year the Sandinistas assumed power . State subsidies diminished , and ended in 1993 . The school is an active member of ACOSICAM ( Association of Schools of the Society of Jesus in Central America ) and FLACSI ( Latin American Federation of the Society of Jesus )
1972 Nicaragua earthquake
1972 Nicaragua earthquake
Instituto Loyola