Fees

Loyola University Maryland understands that the costs associated with high quality education are of concern to students and their families. Accordingly, the University has been diligent in managing its resources and flexible in its approach so that a Jesuit education in the Loyola tradition is available to all who want to pursue it. This section outlines the costs for graduate students, including tuition and fees. Department and general fees are nonrefundable.

Tuition/Department Fees

Psychology

School of Education

Montessori Education

School of Business and Management

General Fees

Refund Policy (Tuition Only)

When official withdrawal is granted and has been properly approved, a refund of tuition will be made according to the schedules below. The date that determines the amount of refund is the date on which a written petition for official withdrawal from a course or courses is received by the department chair or appropriate administrator.

Per Credit

For students enrolled in programs where tuition is paid on a per credit basis*:

After three weeks of a semester, there will be no tuition refund

Flat Rate

For students enrolled in programs with a flat rate tuition in full-time academic year programs:

After five weeks of a semester, there will be no tuition refund

Graduate Continuing Education

For non-degree seeking students taking graduate courses that are not applicable to a graduate degree.

After first meeting, there will be no tuition refund

Federal Return of Title IV Funds Policy

The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60 percent of a payment period or term. Federal Title IV financial aid programs must be recalculated in these situations.

If a student leaves the institution prior to completing 60 percent of a payment period or term, the Financial Aid Office recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula: percentage of payment period or term completed equals the number of days completed up to the withdrawal date, divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid.

Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula: aid to be returned equals 100 percent of the aid that could be disbursed, minus the percentage of earned aid, multiplied by the total amount of aid that could have been disbursed during the payment period or term.

If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds, and the student would be required to return a portion of the funds. Keep in mind that when Title IV funds are returned, the student borrower may owe a debit balance to the institution.

If a student earned more aid than was disbursed, the institution would owe the student a post-withdrawal disbursement which must be paid within 180 days of the student's withdrawal. The institution must return the amount of Title IV funds for which it is responsible no later than 45 days after the date of the determination of the date of the student's withdrawal. Refunds are allocated in the following order:

• Direct Unsubsidized Loans;
• Federal Direct Graduate PLUS Loans;
• Federal TEACH Grants for which a return of funds is required;
• other assistance under this Title for which a return of funds is required.

Payment Options

Payment in full for tuition and all fees is required at the time of in-person or mail-in registration. Payment may be made by cash, personal check, or money order. Payment by Visa, MasterCard, Discover, or American Express may only be made online via Self-Service and are assessed a 2.5% fee. Third party billing, employee tuition remission benefits, graduate assistantships, scholarships, and approved financial aid are also acceptable payment methods. All registrations requiring third party billing, including tuition remission, must be accompanied by an immediately executable authorization (on official organization letterhead) or purchase order.

When registering via web registration, all payments or required payment authorization documents must be received by the University no later than 10 days after the registration request information is submitted. Failure to meet payment requirements will result in an immediate hold being placed on the student's account and may result in cancellation of the requested registration information. There will be no exceptions to this policy.

All application materials for a Federal Direct Unsubsidized Loan must be completed and received by the Office of Financial Aid at least four weeks prior to registration to ensure that loan proceeds are available for payment of University charges. Late applicants must pay all University charges when registering for classes.