Yes. At Loyola, the interviewer would make the call and give you "a score" while you were walking back to the admissions office. At UIC, you had your interviews before the tour/lunch/etc., so when you got back, they confirmed no one needed a third interview.
As for the comment above about one student and one faculty, I only had two faculty interviews at RFU and Loyola, and no student interviewer at all. However, at RFU, I believe that you're usually supposed to have one with a student, but no students were available that day to interview any of the interviewees in my group.