2020-2021 Undergraduate Academic Catalogue 
    
    Aug 10, 2020  
2020-2021 Undergraduate Academic Catalogue

Financial Aid



Application Process

To be considered for need-based financial aid, applicants must file the Free Application for Federal Student Aid (FAFSA) and the CSS Profile.  Students may begin submitting both applications by October 1. The timeline and application process for applying for financial aid varies by the type of student. Follow the appropriate process below to ensure you receive the maximum consideration for scholarships and financial aid.

Learn more here:

Loyola Programs

Merit-Scholarships Offered by the Office of Undergraduate Admission


All students (first-year, transfer, and international) are eligible to receive merit-based scholarships, and every student who completes an application for admission is automatically considered for merit scholarship funding. No separate application is required, and you will be notified of your merit scholarship at the time of admission.

Merit-based Scholarships for First-Year Students

Academic scholarships are reserved for entering first-year students and are awarded for four years, provided the student maintains the GPA requirements provided with the award at the time of admission. These scholarships provide financial assistance to students with strong academic ability and achievement and are awarded based on a student's GPA, course selection, and test scores (if submitted). As a test-optional school, SAT/ACT scores are not required for consideration but will be reviewed if provided by the applicant during the admission process.

Access award ranges for the current academic year and retention criteria by selecting the award listed below. 

Presidential Scholarship 

Dean's Scholarship

Loyola Scholarship

Merit-based Scholarships for Transfer Students

Transfer scholarships are awarded on a competitive basis to students with strong academic records. These awards are renewable for up to three academic years of full-time undergraduate study. You will automatically be considered for merit scholarships with your application for transfer admission.

Loyola Transfer Scholarship 

Merit-based Scholarships Administered by the Office of Financial Aid

Mount Saint Agnes/Sisters of Mercy Scholarship

The Mount Saint Agnes Alumnae Association funds an annual scholarship for high school seniors applying to Loyola University Maryland.  High school seniors who are direct descendants or nieces or nephews of Mount Saint Agnes alumnae are eligible to apply as well as students who are 2020 graduates of a Mercy-affiliated high school.  The scholarship application deadline is March 15, 2020.

Marion Burk Knott Scholarship

Named in honor of his wife, the Marion Burk Knott Scholarships are made possible by a generous gift to the Archdiocese of Baltimore from Henry J. Knott, Baltimore businessman and philanthropist. These scholarships are four-year, full-tuition awards available on a competitive basis to Catholic students residing in the Archdiocese of Baltimore. Scholarships are limited to incoming freshmen who, in the judgment of the Scholarship Committee, are most deserving of assistance because of academic merit. Additional consideration is given to students demonstrating financial need. To be considered for a Marion Burk Knott Scholarship, a student must apply for admission to Loyola by January 15.

The Maguire Scholars Program Scholarship

The Maguire Foundation will provide "last dollar" scholarship support to students graduating from the listed Philadelphia area high schools for four years of matriculation. Maguire Scholars who are selected by their respective institutions must maintain a minimum cumulative GPA of 3.000 or higher. The student also must be an active participant in his/her school through extra-curricular activities and/or community service.

Loyola CPaMs (Computer Science, Data Science, Physics, and Mathematics Statistics) Scholars Program https://www.loyola.edu/join-us/cpams-program

Loyola Grants

Non-Need Based Grants

Family Grant (award anchored on this page, https://www.loyola.edu/department/financial-aid/undergraduate/programs/grants)

Starting with the Fall 2020 semester, the Family Grant will be awarded to admitted first year, full-time students whose sibling(s) concurrently enroll at Loyola. Each student will receive a $3,000 family grant as long as two or more siblings are concurrently enrolled full-time in an undergraduate program.

Magis Grant (award anchored on this page, https://www.loyola.edu/department/financial-aid/undergraduate/programs/grants)

Starting with the Fall 2020 semester, a $3,000 Magis Grant will be awarded to an admitted first year, full-time student who graduated from a Jesuit high school. 

Legacy Grant (award anchored on this page, https://www.loyola.edu/department/financial-aid/undergraduate/programs/grants)

The Legacy Grant will be awarded to an admitted first year, full-time student who had at least one parent, stepparent, grandparent, guardian, or sibling graduate from Loyola. The grant will be $3,000. 

Athletic Grant

Athletic grants are offered to students by the Director of Financial Aid upon the recommendation of the Director of Athletics and the head coach of the sport. Full and partial awards are available. Men may qualify for basketball, golf, lacrosse, soccer, or swimming grants. Women may qualify for basketball, cross country / track, lacrosse, soccer, swimming, tennis, or volleyball grants. Financial need is not considered in awarding athletic grants. For more information contact the Athletic Department.

Need-Based Grant

Loyola Grant

The Loyola Need-Based grant is available to full-time students based on the results of the FAFSA and CSS Profile applications.

Loyola Endowed/Privately Funded Scholarships

The Office of Financial Aid administers a limited number of endowed and privately funded scholarships that are awarded to qualified members of the sophomore, junior and senior classes. Members of the senior class are given priority in the evaluation process. Students must have a minimum GPA of 3.000 to be considered for a scholarship and will be evaluated on their academic performance, co-curricular activities, awards and honors, and other criteria as specified by the donor of the endowed fund or the sponsor of the privately funded scholarship program.  Applicants are normally informed of the Scholarship Committee's decisions during the fall semester.

Students who wish to be considered for a privately-funded or endowed scholarship should complete the General Scholarship Application.  Applicants will need their Loyola University username and password to access the application form.  Information collected on the application will be used by the Scholarship Committee to match students' characteristics and credentials with scholarship selection criteria. By completing this application, students are certifying that the information provided on this form is true and accurate to the best of their knowledge and are also giving Loyola's Office of Financial Aid permission to share this information with private scholarship providers or endowed scholarship donors.

Note: The receipt of a privately funded or endowed scholarship may result in an adjustment in your current financial aid package. All scholarship awards must be considered an additional resource in meeting a student's demonstrated financial need.  Therefore, it may be necessary to adjust a student's eligibility for Federal Work Study, the Federal Direct Subsidized Stafford Loan, Federal Perkins Loan, Loyola Student Loan, or institutional grant assistance if awarded an endowed or privately funded scholarship.

Loyola Endowed Scholarship Funds

The following scholarship funds have been established and named in honor of friends and families of the Loyola community. Awards from these funds are made to students selected by the Office of Financial Aid according to criteria specified by the scholarship donor. Loyola University Maryland expresses its sincere appreciation to these individuals, families, and groups for their generous assistance to many deserving students.

Carol Nevin "Sue" Abromaitis Catholic Studies Scholarship

Michael J. Abromaitis, '62 Men's Lacrosse Scholarship

Alpha Sigma Nu Scholarship Fund

Alumni Association Scholarship Endowment Fund

Stephen Alvarez, '91, Memorial Endowed Fund for Study Abroad Students

American Citizens for Italian Matters Scholarship Fund

The Armiger Family Scholarship Fund

Stuart W. and Joanna Armiger Edwards Scholarship Fund

Associated Italian American Charities Scholarship Fund

Rita Corasaniti Ayd Scholarship Fund

Rita C. and Frank J. Ayd, Jr., M.D., Fellowship Fund

Claudia Northrop Bailey Scholarship Fund

Ralph E. Bailey Family Scholarship Fund

George and Jane Baker Scholarship Fund

Johnny Bass Endowed Scholarship Fund

John and Elizabeth Dodson Bodrozic Entrepreneurship and Innovation Scholarship Fund

Boehl Family Scholarship Fund

Ellen T. Bogue Scholarship Fund

Marjorie W. Bookhout Scholarship Fund

The Bozzuto Group Endowed Business Leader of the Year Scholarship Fund

Phyllis B. Brotman Memorial Scholarship Fund

Stephanie Raphel Brown Memorial Scholarship

Margaret H. Bruder and Margaret E. Harron Scholarship

William Ambrose Burke III, '82, MBA '85 and Cindy M. Burke Scholarship Fund for International Studies

Linda Schaefer Cameron, EMBA '03 Scholarship

Gerard F. Case, Jr. Memorial Scholarship Fund

Anna R. and Michael R. Cataneo Scholarship Fund

John and Agnes Caulfield Scholarship

Barbara and Bob Cawley Family Scholarship Fund

Francis P. Chiaramonte, M.D. Scholarship

Sister Helen Christensen Athletic Scholarship

Charles J. Cirelli and Son Scholarship Fund

Edward O. and Penny R. Clarke Scholarship

Clarke Preministerial Fund

Class of 1999 Scholarship Fund

Class of 2000 Scholarship Fund

Class of 2002 Scholarship Fund

Class of 2007 Diversity Scholarship Endowment

Class of 2009 Scholarship Endowment

Class of 2011 Scholarship Fund

Cochran Family Scholarship Fund

Donald E. Cohill Commuter Scholarship Fund

Reverend John M. Comey, S.J. Scholarship Fund

George and Eugene Conner Scholarship Fund

Lawrence and Carolyn Conway Scholarship Fund

Corporate Office Properties Trust Business Leader of the Year Scholarship Fund

Patrick J. and Winifred L. Coughlin Scholarship Fund

Linda A. Cronin, '92 Memorial Scholarship

Cross Country Alumni Scholarship

Frank W. and Florence B. Cuccia Memorial Scholarship Fund

Cunnion Family Fellowship in Education

Jan and Bill Davis Scholarship Fund

Ralph A. DeChiaro Endowed Scholarship Fund

DeSantis Family Scholarship

Dickerson Family Scholarship

Didusch Memorial Fund

Erik R. Dietzel Memorial Scholarship Fund

Charles C. Diggs Jr., '69 Ph.D. Memorial Fellowship Fund

Dircks Family Men's Lacrosse Scholarship Fund

Walter B. Doggett III Accounting Fellowship Fund

Donovan Family Scholarship

Doyle Family Endowed Scholarship Fund

Dunbar Family Fellowship

H.A.B. Dunning Foundation Fund

Kenneth H. Ekin Endowed Scholarship Fund

Eloquentia Perfecta Scholarship

Empowering Baltimore Youth Scholarship Fund

Christine Everitt Scholarship Fund

Francis P. and Eleanor R. Fairbank Scholarship Fund

Duard L. and Mary L. Ferguson Scholarship Fund

Miguel B. Fernandez Family Foundation Scholarship Fund

William and Mary Fisher Scholarship Fund

Ford Foundation Fund

France-Merrick Foundation Scholarship Fund

George R. Frank Legacy Fund

Fredericks Family Scholarship Fund

Timothy J. Galla Memorial Scholarship

McKenzie R. Gaw, '18 Endowed Scholarship

Geraldine Johnson Geckle Scholarship

Hanna Geldrich-Leffman Scholarship Fund

Isaac S. and Mary Josephine George Fund

Diane Geppi-Aikens Women's Lacrosse Scholarship Fund

Bernardo and Doris Gigliotti Scholarship

Faith D. Gilroy Fellowship Fund

Aurora Granofsky Scholarship Fund

Mannes Greenberg Memorial Scholarship Fund

Maurice R. Greenberg Scholarship Fund

Alan and Mary Greenblatt Endowed Scholarship Fund

Greyhounds Track & Field Alumnae Scholarship

Grillo Family Fellowship

Elaine and Anthony Grillo Endowed Scholarship in Education

Fred Grimmel Memorial Scholarship Fund

Grzymski Family Scholarship Fund

Adelaide M. Gunther Fund

Alexander M. Haig, Jr., Hauber Fellowship

Jere O. Hamill Endowed Scholarship Fund

Michael & Ann Hankin/Brown Advisory Business Leader of the Year Scholarship

Hanway Family Scholarship

Mary A. Dudas Harris Fund

Rev. Gregory Hartley, S.J. Memorial Scholarship Fund

Hauber Physics Fellowship

Hauber Scholars Fund in honor of Dr. Robert Pond, Jr., Natural and Applied Sciences

Emily Cotter Hauze Memorial Scholarship Fund

Joseph M. Healy Memorial Scholarship Fund

William Randolph Hearst Foundation Scholarship Fund

Herget Foundation Scholarship Fund

Hinkey-Benson Family Scholarship Fund

William J. Holman Scholarship Fund

Holthaus Family Scholarship Fund

Holthaus Family Athletic Scholarship Fund

Leonard and Gwynne Horwits Endowed Scholarship Fund

Mary B. and Sigmund M. Hyman Scholarship Fund

Sigmund M. and Mary B. Hyman Fellowship Fund

Sigmund M. and Mary B. Hyman Fund in the Natural and Applied Sciences

Sigmund M. and Mary B. Hyman Summer Fellows Fund

Thomas and Jacqueline Iacoboni Scholarship

Ingersoll Family Scholarship

Nina Irvin Fund

The Irwin Foundation Scholarship

Jennings Family International Summer Research Scholarship for Undergraduates

Jesuit Community Scholarship Fund

John Jordan Economics Scholarship Fund

Joseph Scholarship Fund

Carl T. Julio Scholarship

Kaiser Family Scholarship Fund

Therese and John Karl Endowed Scholarship in Elementary Education

Kashlak Family Scholarship Fund

James and Nora Keelty Memorial Scholarship Fund

Kelly Family Athletic Scholarship

J. Russell Kimmel Scholarship Fund

Louis H. and Judith R. Kistner Scholarship

Henry Knott Scholarship Fund

Marion Burk Knott Scholarship Fund

Marion I. and Henry J. Knott Scholarship Fund

Kollman Family Scholarship Endowment

Stanley "Stan" Koziol Memorial Scholarship

Kroneberger Family Scholarship

Susanna M. Lackey Fund

Alice M. Lage Memorial Fund

Bernard and Alexandra Lajoux Scholarship

Ann Lambdin Beetz Huntington's Disease Memorial Fellowship Fund for Speech-Language-Hearing Sciences

John Joseph Langan, Jr., '59 and Mary Ann Barlow Langan Scholarship Fund

Edward H. Latchford Scholarship Fund

Latchford Family Scholarship

Thomas J. Lawler Scholarship Fund

Legg Mason Business Leader of the Year Scholarship

Mary T. and Joseph M. Linnane Scholarship Fund

Francis E. Litz, Sr. Memorial Scholarship

Mary and Daniel Loughran Scholarship Fund

William and Laura Lowe Hauber Summer Research Fund

Maguire Scholars Program Endowment

Helen Pise Malko Memorial Scholarship Fund

Nick and Mary Mangione Scholarship Endowment Fund

Mary C. and Nicholas B. Mangione, Sr. Family Athletic Scholarship

Thomas and Mary Marcin Scholarship Fund

McCartney Family Scholarship Fund

McCormick & Company, Inc. Scholarship

McCormick & Company, Inc., Business Leader of the Year Scholarship

McCormick & Company, Inc. Current Use Scholarship

John McFadden Family Endowed Scholarship Fund

McGonigle Family Endowed Scholarship Fund

McGrath Family Scholarship

Dr. Daniel M. McGuiness Scholarship Fund

Drs. Daniel M. and Ilona M. McGuiness Scholarship Fund

The Rev. Daniel J. McGuire, S.J. Fund

George W. McManus, Jr. Scholarship

Men's Lacrosse Alumni Scholarship Fund

Mercy Health Services Business Leader of the Year Scholarship

Anne M. Merrick Scholarship Fund

Joseph Meyerhoff Scholarship Fund

George W. Mitchell Fund

John R. Mohler Scholarship Fund

Monahan Endowed Scholarship Fund

Moriconi Family Soccer Scholarship Fund

Mount Saint Agnes College Scholarship Fund

Mount Saint Agnes College Class of 1965 Scholarship

Thomas Murphy, Jr. Scholarship Fund

Kelly Murray Memorial Fund

Louis A. and Josephine Natale Scholarship Fund

Ness Family Endowed Scholarship

Donald F. Obrecht Scholarship Fund

Frank and Betty Otenasak Memorial Scholarship

David and Diana Owens Science and Engineering Scholarship

Mary E. Pabst, MS, Ph.D., RN Fellowship Fund

Antoinette Paterakis Lambros and John Paterakis, Sr. Endowed Scholarship Fund

Jimi Patrick, '20 Memorial Scholarship Fund

Perna Family Scholarship

Gerard and Mary Perseghin Scholarship

Ronald R. Peterson Business Leader of the Year Scholarship

Michael T. Petrash Rising Scholar Scholarship Fund

Quirk Family Scholarship

Raab Scholarship Fund

Veronica K. Rachuba Memorial Quasi Endowed Scholarship

Nancy M. and G. Edward Reahl, Jr. Scholarship Fund

Joseph A. and Patricia A. Reiter Endowed Scholarship Fund

Lefty and Marge Reitz Scholarship

Hon. Barry D. Richmond Scholarship Fund

Ridle and Mahoney Scholarship Fund

Father Ridley Memorial Scholarship

William C. Rogers, Sr. Scholarship Fund

Rosinsky Family Scholarship Fund

Ruane Family Scholarship

Bernard A. Saltysiak Memorial Endowment Fund

Joseph G. Schaffner, Sr. Scholarship Fund

Joseph M. Scharfenberger Family Endowed Scholarship

Lily and Christine Sehn Scholarship

Sellinger Graduate Alumni Fellowship

Reverend Joseph A. Sellinger, S.J., Memorial Scholarship

Joseph A. Sellinger, S.J./Bank of America Scholarship Fund

Senker Family Scholarship Fund

Thomas B. and Elizabeth M. Sheridan Foundation Scholarship

Skesavage Family Athletic Scholarship Fund

Spillane Family Endowed Scholarship Fund

Michael D. Sullivan Scholarship Fund

Ralph C. Wright and Ingrid M. Sunzenauer Fine Arts Scholarship

T. Rowe Price Business Leader of the Year Scholarship

Thompson Seminary Scholarship

Helen and Charles Toennies Memorial Scholarship Fund

Transamerica Scholarship Fund

Transamerica Scholarship for Women in Business Scholarship Fund

Andrew H. and Lillian H. Trost Memorial Scholarship

Truitt-Tilghman Family Endowed Scholarship Fund

Tuohy Family Men's Basketball Scholarship

Robert Jay Turner Memorial Scholarship Fund

Doris Van Doren Scholarship Fund

Vintz Family Scholarship

Gladys J. Vocci Justice and Frank J. Vocci '49 Scholarship Fund

Waesche Family Scholarship Fund

Judith Ann Walsh Scholarship Fund

James & Patricia Werther Scholarship Fund for International Study

James E. and Carol White Endowed Merit Scholarship

Hans Wilhelmsen, M.D., DDS, '52 and Leah Wilhelmsen President's Endowed Scholarship Fund

Wipf Family Scholarship Fund

Colleen J. Zirkle, '16, Memorial Scholarship

 

Federal Programs

Federal Grant Programs

Federal Pell Grant

The Federal Pell Grant Program is the largest federal need-based student aid program, providing grant assistance to undergraduate students who are enrolled in a degree or certificate program and have not received their first bachelor's degree. Eligibility is based on demonstrated financial need, cost of education, and enrollment status. The amount of the student's award is determined using the Federal Institutional Student Information Record (ISIR), Expected Family Contribution (EFC) and the Payment Schedule provided by the U.S. Department of Education.

Federal Supplemental Educational Opportunity Grant (SEOG)

In awarding Federal Supplemental Grants, a Federal Campus-Based Program, priority is given to Pell Grant recipients with the highest demonstrated financial need. Loyola limits awards through this program to a maximum of $1,000 per year.

Federal Work-Study Program (FWS)

Eligibility for this Federal Campus-Based Program is determined via the results of the Free Application for Federal Student Aid (FAFSA) and offers full-time students valuable work experience and flexibility to work around their class schedule. 

Federal DVA Yellow Ribbon Program

The Yellow Ribbon Program is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008 (GI Bill ®). Under this program, the act provides payment for tuition, fees, a books and supplies stipend, and a housing allowance for qualified veterans who have served on active duty since September 11, 2001. Veterans who wish to be considered for this educational benefit must apply, qualify, and be approved by the Department of Veterans Affairs. Once approved, veterans may apply to transfer the benefit to qualified dependents.

Colleges and universities enter into matching agreements with the Department of Veterans Affairs (DVA) to pay veterans' tuition and fee costs above those covered by the GI Bill ® benefit. The maximum tuition and fees benefit available for the 2020-21 academic year is $25,162.14.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at www.benefits.va.gov/gibill.

Federal TEACH Grant

The Teacher Education Assistance for College and Higher Education (TEACH) Grant program provides up to $4,000 per year in non-need-based grants for undergraduate students who must, in turn, teach full-time in high-need subject areas for at least four years at schools that serve students from low-income families. Students may receive up to $16,000 for undergraduate study. Part-time students are eligible, but the maximum grant will be reduced.

Current legislation has identified the following as meeting the definition of a high-need subject area for the TEACH Grant Program: Bilingual Education and English Language Acquisition; Foreign Language; Mathematics; Reading Specialist; Science; and Special Education. Failure to complete the teaching obligation will cause the TEACH Grant to be permanently converted to a Federal Direct Unsubsidized Loan with interest accrued from the date the grant funds were first disbursed. Once a grant is converted to a loan, it cannot be converted back to a grant.

Federal Student Loan Programs

The U.S. Department of Education's federal student loan program is the William D. Ford Federal Direct Loan Program. Under this program, the U.S. Department of Education is your lender.

Federal Direct Stafford Loan (Subsidized and Unsubsidized)
https://www.loyola.edu/department/financial-aid/undergraduate/programs/loans

Federal Direct Parent PLUS Loan
https://www.loyola.edu/department/financial-aid/undergraduate/programs/loans

State Grant & Scholarship Programs

The Maryland Higher Education Commission (MHEC) has a variety of financial aid programs in the form of grants, scholarships and other awards to assist students in paying for a college degree. A complete list of programs and application requirements is available on the MHEC site,  https://mhec.maryland.gov/preparing/Pages/FinancialAid/index.aspx.

National Fellowships and Scholarships

The National Fellowships Office assists Loyola undergraduate students, graduate students, and alumni in finding and applying for competitive fellowships, scholarships, summer programs, and awards, such as the ones listed below:


Fulbright
Graduate School Mentoring Awards
Prestigious Fellowships
Post Graduate Opportunities
International Funding
Undergraduate Research Opportunities
Undergraduate Scholarships

For additional information, contact Dr. Maiju Lehmijoki-Gardner, Director of Pre-Health Programs and National Fellowships at nationalfellowships@loyola.edu.

Army ROTC Scholarships

The U.S. Army is interested in selecting the best candidates for scholarships and ultimately commissioning as the future officer leadership of the U.S. Army. ROTC scholarships cover full tuition, fees, books and supplies. Recipients also receive a tax-free subsistence allowance each month that the recipient attends classes (up to 10 months each year): $300 freshman year, $350 sophomore year, $450 junior year and $500 senior year. Students who are awarded an ROTC Scholarship in their senior year of high school also receive additional grant assistance funded by Loyola University. This grant is renewed each year a cadet retains eligibility for the ROTC Scholarship.

In addition to the ROTC national scholarship competition (applied for during a student's senior year of high school), students may apply for a three- or four-year scholarship during their freshman year of college. Sophomores may apply for a two- or three-year scholarship and juniors may apply for a two-year scholarship. Students must be enrolled in a military science class in order to compete for a campus-based scholarship. Campus-based scholarships cover the same expenses as the national scholarships. However, students who are awarded the campus-based scholarship do not qualify for additional grant assistance funded by Loyola University.

The Army ROTC program provides an academically integrated curriculum intended to train college students as officers for the United States Army. Through military science, a student gains pertinent leadership and management skills while earning a college degree. ROTC cadets may pursue any course of study, except Theology.

For additional information, please call or write Loyola's department of military science at:

Department of Military Science
Loyola University Maryland
4501 N. Charles St.
Baltimore, MD 21210-2699
410-617-2276/5179

Visit the Loyola ROTC website.

Title 38 Policy

Loyola University Maryland complies with section 3679 (e) of title 38, United States Code, regarding students using Vocational Rehabilitation and Employment (Chapter 31) or Post-9/11 GI Bill® (Chapter 33) education benefits. These students are referred to in Loyola University Maryland policy as covered students.

Covered students are permitted to attend or participate in the course of education during the period beginning on the date on which the student provides a Certificate of Eligibility or Statement of Benefits obtained from the Department of Veterans Affairs (VA), or VAF 28-1905, and ending on the earlier of the following dates:

The date on which payment from VA is made to the institution.

90 days after the date the institution certified tuition and fees following the receipt of the Certificate of Eligibility.

Loyola University Maryland does not impose any penalty upon covered students because of the individual's inability to meet financial obligations to the institution due to delayed disbursement of funding from VA under Chapter 31 or 33. Specifically, there will be no assessment of late fees, denial of access to classes, libraries, or other institutional facilities, or requirement that a covered individual borrow additional funds for covered students during the period detailed above.

United States Code Section 3679 (e) is located on the U.S. House of Representatives' Office of Law Revision Counsel United States Code website at: https://uscode.house.gov/view.xhtml?req=(title:38%20section:3679%20edition:prelim)

GI Bill® is a registered trademark of the US. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official US. government Website at https://www.benefits.va.gov/gibill

Monthly Payment Plan

The convenience of paying educational expenses on a monthly basis is an attractive alternative to many families. if you need to use savings, current income, or loans, this option will make the payments easier. Loyola University Maryland has partnered with a commercial plan available through Nelnet/TMS, to offer an interest-free monthly payment service for a one-time annual enrollment fee. The service allows families to make payments on the balance owed over a 10-month period (Fall 2020, 5-month plan/Spring 2021, 5-month plan). Please be advised that the monthly plan is semester based. You must enroll for each semester in which you want to participate.


The only cost for the Nelnet/TMS Monthly Payment Plan is a $40 per semester enrollment fee. You will make 5 monthly payments due on the 1st of each month from July - November (Fall 2020 semester) and December - April (Spring 2021 semester)

Financial Aid Policies

Policies governing the awarding and disbursement of aid are as follows:

Financial Aid Eligibility 

Terms & Conditions of Aid Awards 

Student Expense Budgets 

Study Abroad 

Tuition Exchange Programs 

Code of Conduct 

Satisfactory Academic Progress  

Federal Financial Aid and Repeated Courses