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
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