2024-2025 Undergraduate Academic Catalogue

Nov 21, 2024

2024-2025 Undergraduate Academic Catalogue

Financial Aid

Application Process
FAFSA Changes
Scholarships
Loyola Endowed Scholarship Funds
Grants
Maryland State Scholarship and Grant Opportunities

National Fellowships & Scholarships
Army ROTC Scholarships
Title 38 Policy
Monthly Payment Plan
Financial Aid Policies
Financial Aid Eligibility, Terms and Conditions

Application Process

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.

First-Year Domestic Applicants

For U.S. Citizens or Permanent Residents attending college for the first time.

Merit-Based Scholarships

All students 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.

Need-Based Financial Aid

Application Deadlines & Notification Dates

Fall First-Year Applicants

Submit Your FAFSA

Visit the FAFSA website and indicate Loyola University Maryland as your school of choice using Federal School Code No. 002078. Should you need more time beyond the May 1 deposit deadline to make an informed decision after receiving your package, simply let us know.

FAFSA Corrections

For those who have already submitted the FAFSA but need to make corrections, the Department of Education has announced that applicants may now make updates to your FAFSA form. Please visit the FAFSA website to access your existing 2024-25 form to make these changes urgently, so we can finalize your financial aid package.

Timing of Official Financial Aid Packages

Financial aid offers are sent to students who have submitted the FAFSA daily. Loyola is committed to releasing additional financial aid packages as swiftly as possible once we receive your updated FAFSA data. Students are notified by email as soon as the FAFSA data from the Department of Education has been received and again when the official award is ready to be viewed.

Flexible Enrollment Decision Support

Given the shortened timeframe from when aid packages are available to the traditional May 1 enrollment deposit deadline, Loyola has adopted a flexible stance. Extensions are granted to any student requiring more time beyond May 1 to make an informed enrollment decision.

Support and Communication

Loyola is committed to providing support and clear communication throughout this process. The Financial Aid Office closely monitors developments and is prepared to offer guidance and assistance as needed. If you do not plan to complete the FAFSA, please inform the Financial Aid Office to adjust your records accordingly.

Next Steps

Submit or correct your FAFSA: If you have not yet submitted the FAFSA, or need to make corrections, please do so as soon as possible.
Visit Us: A campus visit can enrich your understanding of what it means to be part of the Loyola community.
Stay in contact with your personal admission counselor and financial aid counselor for updates and support.
Check your email regularly for important updates from Loyola.

Spring First Year Applicants

All Spring Admission applicants must apply for admission and financial aid by the November 15.

How to Apply

Complete the 2024-2025 Free Application for Federal Student Aid (FAFSA)
If you are a dependent student, you and your parent must provide consent and have a FSA ID to electronically sign the FAFSA. Loyola University's FAFSA School Code Number is 002078.

Transfer Applicants

For U.S. Citizens or Permanent Residents transferring to Loyola from another college or university.

Merit-Based Scholarships

Need-Based Financial Aid

All Spring Admission applicants must apply for admission and financial aid by November 15.

How to Apply

Complete the 2024-25 Free Application for Federal Student Aid (FAFSA)
Complete the FAFSA online. If you are a dependent student, you and your parent must have a FSA ID to electronically sign the FAFSA. Loyola University's FAFSA School Code Number is 002078.

Application Deadlines & Notification Dates

Fall & Summer Transfer Applicants

	Priority	Regular
Financial Aid Application Deadline	March 15	July 15
Financial Aid Notification	Rolling	Rolling

Submit Your FAFSA

FAFSA Corrections

Timing of Official Financial Aid Packages

Flexible Enrollment Decision Support

Support and Communication

Next Steps

Submit or correct your FAFSA: If you have not yet submitted the FAFSA, or need to make corrections, please do so as soon as possible.
Visit Us: A campus visit can enrich your understanding of what it means to be part of the Loyola community.
Stay in contact with your personal admission counselor and financial aid counselor for updates and support.
Check your email regularly for important updates from Loyola.

Spring Transfer Applicants

All Spring Admission applicants must apply for admission and financial aid by the November 15.

International Applicants

For international students attending college for the first time or transferring from another college or university.

Merit-Based Scholarships

Need-Based Financial Aid

How to Apply for Need-Based Financial Aid

Loyola is able to provide a limited amount of need-based aid to international students. Need-based awards are intended to supplement the amount that a student can pay in order to reach the full cost of attendance. Our need-based awards can cover up to the cost of full tuition, though these cases are extremely rare.

International students are considered for admission and institutional need-based financial assistance based upon a review of the academic qualifications, financial need, and availability of student aid resources. In some cases, especially for students with high financial need, we are unable to make an offer of admission if our funding will be insufficient. Loyola is unable to increase scholarship awards once they are allocated, and we are unable to guarantee that 100% of a student's financial need will be met.

Scholarship and need-based awards are renewable for the same amount for up to four years (eight semesters, fall and spring) provided the student maintains full-time enrollment, meets the minimum grade point average (GPA) and Satisfactory Academic Progress requirements, and there is no change in immigration status.

As part of the need-aware review process, all international students must submit the International Student Certification of Finances form and a Bank Letter or Statement.

Students seeking consideration for need-based financial assistance are also required to submit the CSS Profile at the time of application. When completing the CSS Profile, Loyola University Maryland's CSS School Code Number is 5370. Please be aware that we may ask for further financial documentation per U.S. government regulations at a later date should you be admitted and choose to enroll. International students seeking additional financial assistance are also encouraged to contact local or international agencies in their home country.

Cost of Attendance

2024-25 Academic Year

First-Year On-Campus Cost of Attendance
Tuition	$57,150
Living Expense: Housing	$11,500
Living Expense: Food	$6,170
Health Care*	$3,741
Additional Estimated, Unbilled Costs**
Books and Course Materials, Supplies, Equipment	$800
Miscellaneous Personal Expenses	$750

*The figure for the 2025-26 academic year will be available in May 2025.

**These amounts may increase or decrease depending on a student's personal spending habits.

Undocumented & DACA Applicants

For non-citizens living in the United States attending college for the first time or transferring from another college or university.

Merit-Based Scholarships

Need-Based Financial Aid

Undocumented and DACA students are considered for need-based financial like any other domestic student. Because federal financial aid is not available for undocumented and DACA students, Loyola provides institutional financial aid in its place.

Need-based awards are intended to supplement the amount that a student can pay in order to reach the full cost of attendance. Our need-based awards can cover up to the cost of full tuition, though these cases are extremely rare. Undocumented and DACA students will be considered for admission and institutional need-based financial assistance based upon a review of the academic qualifications, financial need, and availability of student aid resources. Loyola is unable to increase scholarship awards once they are allocated, and we are also unable to guarantee that we will meet 100% of a student's financial need.

Application Deadlines & Notification Dates

Fall Undocumented and DACA Applicants

	Early Decision I	Early Action	Early Decision II	Regular Decision
Financial Aid Application Deadline	November 15	November 15	January 15	February 1
Financial Aid Notification	By late December	February 1	By early March	Late March

Spring Undocumented & DACA Applicants

All Spring Admission applicants must apply by November 15.

How to Apply

Complete the 2024-25 CSS Profile Application

Complete the Profile online at https://cssprofile.org. Loyola University's CSS Code Number is 5370. While filling out the application, you will most likely encounter a pop-up on the site indicating Loyola does not accept this application. Please bypass all warnings and continue to complete and submit the application.

Check out the CSS Profile Student Guide for more complete information on the Profile completion process. CSS Profile Customer Support can be reached at 844-202-0524 or the College Board's contact us page.

Loyola will request your 2022 Federal Tax Return and your parents' 2022 Federal Tax Return information to verify the financial information reported on the CSS Profile application. After you file the CSS Profile Application, Loyola will email you instructions for submitting your Federal Tax Return forms.

MHEC One-App

Maryland applicants who are ineligible to receive federal aid using the Free Application for Federal Student Aid (FAFSA), can apply for various state financial aid grants and scholarships through the MHEC One-App.

Returning Students

For all current undergraduate students returning to Loyola (sophomores, juniors, seniors, etc.)

Merit, Athletic, and Non-Need-Based Grant Aid

Students receiving the following awards and who are not interested in applying for need-based grants, loans, and work study are not required to complete the FAFSA for renewal: Presidential Scholarship, Dean's Scholarship, Loyola Scholarship, Loyola Transfer Scholarship, Athletic Grants, Baltimore Diocesan Grant, Community College Grant, Evergreen Grant, Evergreen Community Grant, Family Grant, Legacy Grant, Magis Grant, and Phi Theta Kappa Grant. These awards are automatically renewed for students meeting the retention requirements.

Need-Based Financial Aid

Students must complete the FAFSA every year to be considered for aid from any of the following programs: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study, Federal Direct Student Loans (subsidized and unsubsidized), Federal Direct Parent PLUS Loan, Maryland Educational Assistance Grant, Maryland Guaranteed Access Grant, and Loyola Grant.

There are major changes coming to the Free Application for Federal Student Aid (FAFSA) application for the 2024-25 aid year. Historically, the FAFSA has been available beginning October 1 each year. Although it is now available, the 2024-25 FAFSA was delayed because of significant changes to the application and the rebuild of the FAFSA processing system. Loyola will continue to monitor this progression and provide updates as they become available.

FAFSA Corrections

New Applicants (Students who have not filed a FAFSA for a previous academic year.)

Students and parents will need to create a FSA ID to complete the FAFSA. The FSA ID is a username and password combination that serves as your legal signature.

Need-Based Financial Aid Deadline

Given the delay of the FAFSA release and the processing system setbacks, the priority deadline has been extended to May 1, 2024.

Students are strongly encouraged to meet the May 1 deadline for maximum consideration for all forms of need-based financial assistance, including the Maryland State grant assistance for Maryland residents. The funds available through the federal campus-based student aid programs (FSEOG and Federal Work Study) and Loyola's institutionally funded need-based grant program are limited. Late awards are not guaranteed and will be made on a funds available basis. The following dates and award calculations are subject to change based on the availability of funds.

FAFSA applications submitted between June 15 and June 30 - Up to 90% calculated Loyola grant eligibility.
FAFSA applications submitted between July 1 and July 31 - Up to 80% calculated Loyola grant eligibility.
FAFSA applications submitted between August 1 and August 31 - Up to 70% calculated Loyola grant eligibility.
FAFSA applications submitted after August 31 - Up to 60% calculated Loyola grant eligibility.

Satisfactory Academic Progress

Students must be making Satisfactory Academic Progress (SAP) to receive federal, state, and Loyola need-based aid. SAP is defined as the successful completion of coursework toward your degree. The federal government requires the Office of Financial Aid to monitor SAP to ensure financial aid recipients make progress toward graduation.

Loyola Merit & Non-Need-Based Grant Retention Policy

Students receiving Loyola merit awards and Loyola non-need-based grants must meet enrollment and cumulative GPA retention requirements for renewal.

Financial Aid Eligibility Notification

Financial aid packages will be available via Self-Service by June 15. Students will be directed to Self-Service via your Loyola email account when your award is ready. Students selected for verification and/or are required to submit additional documentation as requested by the Office of Financial Aid will not be packaged until all required information is received. Monitor your financial aid self-service checklist and your Loyola email account to ensure your file is complete.

2024-2025 FAFSA Changes

There are major changes coming to the Free Application for Federal Student Aid (FAFSA) for the 2024-25 aid year. Historically, the FAFSA has been available beginning October 1 each year. The 2024-25 FAFSA was delayed because of significant changes to the application and the rebuild of the FAFSA processing system. Loyola will continue to monitor this progression and provide updates as they become available.

FAFSA Simplification

The FAFSA Simplification Act was passed by Congress in 2020 and represents a significant overhaul of the processes and systems used to award federal student aid starting with the 2024-25 award year. This includes the Free Application for Federal Student Aid (FAFSA) form, the need analysis that determines federal aid eligibility, changes in terminology, and many policies and procedures for schools that participate in federal student aid programs. These changes, outlined below, are aimed at making it easier for students and their families to apply for financial aid with a more streamlined application process.

What has changed?

Historically, the FAFSA has been available beginning October 1 each year. However, because of significant changes to the application and the rebuild of the FAFSA processing system, the 2024-25 FAFSA was not available until December 2023. After the 2024-25 aid year, the FAFSA will be available in October as usual.
The FAFSA features fewer questions, fewer requirements, and retrieves tax information using a direct data exchange from the IRS instead of the previous IRS Data Retrieval Tool. The number of questions on the FAFSA has decreased from over 100 to less than 50.
The parent responsible for submitting the FAFSA in cases of divorce or separation has changed. For dependent students, financial information was previously needed from the parent(s) the student had lived with the most in the last 12 months. With the new FAFSA, financial information is required from the parent(s) who provided the most financial support to the student.
The formula used to determine your Expected Family Contribution (EFC) has changed. The EFC has been renamed the Student Aid Index (SAI) because it helps to clarify that it is simply an index to determine your eligibility for aid. The new formula removes the number of family members in college from the calculation, better reflects the FAFSA results, and implements a separate eligibility determination criterion for Federal Pell Grants. Also, small businesses and family farms are now considered assets. Please note that Loyola University Maryland will continue to consider the number of family members in college when determining institutional aid.
The FAFSA has introduced the new term "contributor" which refers to anyone who is required to provide information on a student's FAFSA form, including the student, the student's spouse, a biological or adopted parent, or the parent's spouse. Being a contributor does not imply responsibility for the student's college costs.

Terminology changes

Contributor: anyone who is asked to provide information on the FAFSA – student, student spouse, parent(s), and stepparent(s) for example.
Consent: each contributor will now need to provide their consent to their Federal Tax Information (FTI) being included in the FAFSA, even if they did not file a U.S. tax return.
SAI: Student Aid Index (SAI) replaces the Expected Family Contribution (EFC).
FTI: Federal Tax Information (FTI) transferred directly from the IRS.

Expanding Pell Grant eligibility

The adjustments to the new Student Aid Index (SAI) calculation will expand Federal Pell Grant eligibility to more students.

What has not changed?

While the FAFSA has received an update and the aid eligibility calculation has been revised, there are several aid-related matters that will not change.

Loyola will continue to consider the number of siblings enrolled in college for eligibility for institutional forms of aid for undergraduate students.
The general types of aid available to Loyola students and federal student loan limits will not change.
The FAFSA is still required for consideration of institutional, federal, and state financial aid every year.
Dependency status questions that determine if parent(s) must complete the FAFSA has remains the same.
The FAFSA still requests tax information from the prior-prior year, which means you'll report 2022 income and current assets on your 2024-25 application. Families who experience special or unusual financial circumstances should contact their financial aid counselor in the Office of Financial Aid to discuss next steps.
The questions regarding an applicant's gender, race, and ethnicity will have no effect on federal student aid eligibility and are included for statistical purposes and data collection only.

Scholarships

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 students will be notified of their 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 (8 semesters), 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. Academic scholarship awards can only be applied toward tuition charges and are equally split between the fall and spring semesters.

Award ranges and retention criteria for the various scholarships are listed below:

Presidential Scholarship

Scholarship award range for the 2024-25 academic year: $34,000 - $35,000
Retention criteria: Full-time Enrollment (12 credits), Minimum Cumulative Grade Point Average (CGPA): 2.0

Dean's Scholarship

Scholarship award range for the 2024-25 academic year: $31,000 - $32,000
Retention criteria: Full-time Enrollment (12 credits), Minimum Cumulative Grade Point Average (CGPA): 2.0

Loyola Scholarship

Scholarship award range for the 2024-25 academic year: $27,000 - $28,000
Retention criteria: Full-time Enrollment (12 credits), Minimum Cumulative Grade Point Average (CGPA): 2.0

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 four academic years (8 semesters) of full-time undergraduate study. Students will automatically be considered for merit scholarships with their application for transfer admission. Academic scholarship awards can only be applied toward tuition charges and are equally split between the fall and spring semesters.

Loyola Transfer Scholarship

Scholarship award range for the 2024-25 academic year: $25,000 - $33,000
Retention criteria: Full-time Enrollment (12 credits), Minimum Cumulative Grade Point Average (CGPA): 2.0

Merit Scholarships Administered by the Office of Financial Aid

Knott Scholarships

Knott Scholarships are made possible through the Knott Scholarship Fund, established by Henry and Marion Knott. It was the wish of Henry and Marion Knott that academically talented Catholic Students use their gifts and talents to become leaders in their school, community, and the Catholic Church. Knott Scholars have access to a network of alumni and current scholars who attended other Catholic schools and universities in the Archdiocese of Baltimore.

There are two types of undergraduate scholarships offered:

The Marion Burk Knott Scholarship is limited to incoming first-year students who are most deserving of assistance because of academic merit. The award is for four years, covers full tuition, and is renewable annually. This award applies to undergraduate work only. Additional consideration is given to students demonstrating financial need.
The Marion I. and Henry J. Knott Scholarships provide tuition assistance, renewable annually. Scholarships are awarded solely on the basis of academic merit and service, with no consideration for financial need. This award applies to undergraduate work only.

To be considered for one of the Knott scholarships, a student must apply for apply for admission to Loyola by January 15. Loyola admission login credentials are required to apply for the Knott Scholarship

Recipients of either the Marion Burk Knott Scholarship or the Marion I. and Henry J. Knott Scholarship have the following responsibilities:

Scholars must maintain a 3.0 or higher GPA at the end of each semester
Scholars must complete an annual "Scholar Profile"
Scholars must participate in various events sponsored by the Knott Scholarship Fund

The Maguire Scholars Program Scholarship

The Maguire Foundation provides "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 3.0 or higher. Students must also be active participants in their school through extra-curricular activities and/or community service.

To be eligible for the Maguire Scholars College Program students must meet the following criteria:

Graduate from a participating Philadelphia area high school.
Earn at least a 3.0 grade point average or equivalent in high school.
Complete an online Maguire Scholars Program Application that includes a letter of recommendation from a supervisor of a community service or extracurricular activity.
Engage in community service and/or extracurricular activities.
Complete the Free Application for Federal Student Aid (FAFSA) and include the desired institutions.
Qualify for admission at Loyola University Maryland.
Demonstrate financial need as determined by the FAFSA.
Contribute at least $5,000 per year to tuition, room & board.
Agree to participate in regular Maguire Scholar activities in accordance with university requirements.

Application Guidelines

Students must include the following in their application submission:

A complete application
A complete personal essay*
A letter of recommendation*
All application materials should be submitted via email to Lauren Romagnano, at lmromagnano@loyola.edu by April 1, 2024.

Applicants may use essays and letters of recommendations submitted for the Common Application to complete their appliation.

Loyola Endowed/Privately Funded Scholarships

The Office of Financial Aid administers a limited number of endowed and privately funded scholarships for qualified sophomores, juniors, and seniors. Members of the senior class are given priority in the evaluation process. Students are evaluated on academic performance, co-curricular activities, awards and honors, and other criteria as specified by the donor or the sponsor of the fund. Recipients are typically notified by the fall semester.

To be considered, students are encouraged to complete the General Scholarship Application. By completing the application, students are certifying that the information provided 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 endowed scholarship donors and private scholarship sponsors.

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.

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

Discover Your Destiny Scholarship

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

Anna and James Lambdin Fellowship Fund

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

Patrick P. Lee Foundation Fellowship 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

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

Merrill Trust Theology Graduate Fellowship

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

Paul P. Plevyak, Father & Son 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

Renee LaBoda Rosch, MSA '62 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

Dan and Kathy White Scholarship

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

Additional Loyola Scholarship Opportunities

CPaMs (Computer Science, Data Science, Physics, Mathematics, and Statistics)Scholars Program

The CPaMS Scholars Program provides scholarships of up to $10,000 annually for high-achieving students majoring in computer science, physics, mathematics, statistics, or data science who demonstrate financial need.

The CPaMS Scholarship can only be applied toward tuition charges and is equally split between the fall and spring semesters.

Detailed program and application information is available on the CPaMS Scholars Program website.

Army ROTC Scholarship

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 for first 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 first 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, https://www.loyola.edu/academics/rotc/about.html.

Maryland State Scholarship and Grant Opportunities

(Maryland Residents Only)

Maryland Senatorial Scholarship

State senators are allocated an annual scholarship budget which may be awarded to residents of their senatorial district. The amount of the award is determined by the Senator, who considers the results of the student's SAT scores and financial need. The maximum award is $2,000 per year per student. Scholarship candidates who have already completed at least one academic year of college in good standing do not have to take the SAT. Application is made in the same manner as for Educational Assistance Grants. Students should apply by March 1 for the year the award is to begin. Each senator has the option of requiring a personal interview.

More specific information on financial assistance from the State of Maryland is available at www.mhec.state.md.us, 410-676-3300 or 800-974-0203.

Maryland House of Delegates Scholarship

Members of the House of Delegates are allocated an annual scholarship budget which may be awarded to residents of their legislative district. The amount of the award is determined by the delegate, who may select students on any basis. The maximum award for attendance at any Maryland independent college or university may not exceed the value of tuition and fees charged by the University of Maryland, College Park. Application is made directly to your state delegate.

More specific information on financial assistance from the State of Maryland is available at www.mhec.state.md.us, 410-676-3300 or 800-974-0203.

2+2 Transfer Scholarship

The 2+2 Transfer Scholarship helps students transfer from Maryland community colleges to 4-year institutions within the State.

Veterans of Afghanistan and Iraq Conflict (VAIC) Scholarship

Learn about the scholarship program for Afghanistan and Iraq veterans and their families, https://mhec.maryland.gov/preparing/Pages/FinancialAid/ProgramDescriptions/prog_vaic.aspx.

Maryland Educational Assistance Grant

Any Maryland high school senior or undergraduate student is eligible to apply for an Educational Assistance Grant. Awards are made by the State Scholarship Administration based upon the student's demonstrated financial need. Grant values range from $400 to $3,000 per year. The award may be applied to the costs of tuition, mandatory fees, or room and board.

Grant recipients must: be legal residents of Maryland, demonstrate financial need, and be accepted for admission as a full-time student (minimum 12 credits per semester) in one of the eligible, degree-granting institutions in the State of Maryland. To be considered, students must submit the Free Application for Federal Student Aid (FAFSA) by March 1.

More specific information on financial assistance from the State of Maryland is available at www.mhec.state.md.us, 410-260-4500 or 800-974-0203.

Maryland Guaranteed Access Grant

Any Maryland high school senior whose annual total family income is below 130 percent of the Federal poverty level is eligible to apply for a Guaranteed Access Grant. Awards are made by the total family income and high school grade point average. The grant value for attendance at Maryland independent colleges and universities is equivalent to the cost of tuition, fees, room and board at the University of Maryland, College Park.

Grant recipients must: be legal residents of Maryland, begin college within one year of completing high school, have successfully completed a college preparatory program and achieved an unweighted grade point average of at least 2.5 on a 4.0 scale, and be accepted for admission as a full-time student (minimum of 12 credits per semester) in one of the eligible degree-granting institutions in the State of Maryland.

To be considered for a Guaranteed Access Grant, students must file the Free Application for Federal Student Aid (FAFSA) by March 1. Students who are eligible will be contacted by the Maryland Higher Education Commission (MHEC) via email with instructions on submitting additional required documents.

Loyola University participates in the Guaranteed Access Partnership (GAPP). This program provides a matching award for eligible students who receive a Guaranteed Access grant. The matching GAPP award may consist of a combination of institutionally-funded need-based grants or merit scholarship assistance and may not exceed Loyola's full cost of tuition and mandatory fees.

More specific information on financial assistance from the State of Maryland is available at www.mhec.state.md.us, 410-260-4500 or 800-974-0203.

Teaching Fellows for Maryland Scholarship

The Teaching Fellows for Maryland Scholarship is designed for students who pledge to work as public school or public prekindergarten teachers in the State upon completion of their studies at schools that have at least 50% of the students in the school eligible for free or reduced price meals (FRPM).

Loyola University Maryland participates in a matching award with the Teaching Fellows for Maryland Scholarship Program. The matching award may be met with a combination of institutionally funded merit scholarships, need, and non-need-based grants and may not exceed Loyola's full cost of tuition.

Other Privately-Funded Scholarship Opportunities

Here are some common scholarship search engines:

Fastweb
ScholarshipGuidance.com
StudentScholarships.org
How to avoid scholarship scams

Grants

Loyola Non-Need-Based Awards

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. Women may qualify for basketball, cross country / track, lacrosse, soccer, swimming, tennis, or volleyball grants. Men may qualify for basketball, golf, lacrosse, soccer, or swimming grants. Financial need is not considered in awarding athletic grants. For additional information about Athletic grants, please visit the Athletic Department website.

Baltimore Diocesan Grant

Effective with the Fall 2021 semester, the $3,000 Baltimore Diocesan Grant is awarded to all first-year and transfer accepted students who graduated from a Baltimore City Catholic high school.

Renewable up to four years (8 semesters, fall and spring) providing each student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
May only be applied to tuition charges.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Baltimore Diocesan Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
The Baltimore Diocesan may be combined with the all other institutional grants.

Community College Grant

Effective with the Fall 2021 semester, the $3,000 Community College Grant is awarded to accepted transfer students who have or will attain their associate degree prior to the enrollment at Loyola as a transfer student.

Renewable up to four years (8 semesters, fall and spring) providing each student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
May only be applied to tuition charges.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Community College Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
The Community College Grant may be combined with all other institutional grants.

Evergreen Community Grant

Evergreen Community Grants are awarded to select applicants based on their academic achievement, community service, and/or demonstrated financial need.

Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. Evergreen Community Grants will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
Evergreen Community Grants may be combined with all other institutional grants.

Family Grant

Effective in the Fall 2020 semester, the Family Grant is awarded to full-time first-year and transfer students accepted to the university whose sibling(s) concurrently enroll at Loyola. Each student will receive a $3,000 Family Grant if two or more siblings are concurrently enrolled full-time in an undergraduate program.

Renewable up to four years (8 semesters, fall and spring) provided each student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
May only be applied to tuition charges.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Family Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
The Family Grant may be combined with all other institutional grants.

Legacy Grant

Effective with the Fall 2020 semester, all full-time first-year or transfer accepted students with at least one parent, stepparent, grandparent, guardian, or sibling who have graduated from Loyola will receive this $3,000 grant.

Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
May only be applied to tuition charges.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Legacy Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
The Legacy Grant may be combined with all other institutional grants.

Loyola TAM Grant

Effective in the Fall 2023 semester, the $3,000 Loyola TAM Grant is awarded to full-time first-year and transfer accepted students who successfully complete the Teacher Academy of Maryland (TAM) program and declare an Elementary Education major at Loyola. Students must submit the TAM Program Completion Verification Form to confirm successful completion of the program.

Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0, as well as an Elementary Education major.
May only be applied to tuition charges.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Loyola TAM Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
The Loyola TAM Grant may be combined with all other institutional grants.

Magis Grant

Effective with the Fall 2020 semester, the $3,000 Magis Grant is awarded to all full-time first-year and transfer students who graduate from a Jesuit high school.

Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
May only be applied to tuition charges.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Magis Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
The Magis Grant may be combined with all other institutional grants.

Phi Theta Kappa Grant

Effective with the Fall 2021 semester, the $3,000 Phi Theta Kappa Grant is awarded to accepted transfer students who are members of the Phi Theta Kappa honors society at the time of their admission to Loyola.

Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
May only be applied to tuition charges.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Phi Theta Kappa Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
The Phi Theta Kappa Grant may be combined with all other institutional grants.

Additional Non-Need-Based Awards

Federal DVA Yellow Ribbon Program

Loyola University Maryland participates in the Yellow Ribbon GI Education Enhancement Program (Yellow Ribbon Program).

Entitled students receive 100% benefits payable under the Post-9/11 GI Bill program may be eligible to participate in the Yellow Ribbon Program. The Yellow Ribbon Program applies to tuition and mandatory fees. The Post-9/11 GI Bill® provides for room, board, books and supplies separately. Eligibility is determined by the Department of Veterans Affairs (VA).

The Yellow Ribbon Program allows Loyola to have a matching agreement 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 2024-25 academic year is $28,937.09. Under the Yellow Ribbon Program, a student's remaining tuition and fees are covered one-half by Loyola University and one-half by the DVA.

Students who qualify for the 100% maximum tuition benefit through Yellow Ribbon and the Loyola and DVA matching grants will forfeit Loyola funded merit, non-need-based and need-based grants previously awarded or for which they would otherwise be considered. Students receiving partial benefits may also experience a change in institutionally funded awards.

Learn more about VA benefits at Loyola University Maryland, https://www.loyola.edu/department/financial-aid/yellow-ribbon.html.

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.

Learn more about the TEACH Grant Program, https://www.loyola.edu/department/financial-aid/graduate/programs/fellowships-scholarships-grants/teach.html.

Undergraduate students may contact Mary Beth Brandenburg, associate director of financial aid, with any questions before before applying for the TEACH Grant, at 410-617-2576 or mbrandenburg@loyola.edu.

Graduate students may contact Danielle Ballantyne, director of graduate admission and financial aid, with any questions before apply for the Teach Grant at 410-617-5020 or dballantyne@loyola.edu.

Need-Based Grants

Charm City Promise Grant

The Charm City Promise Program was established to recognize and support high-achieving students from Baltimore City public, charter, or Catholic high schools who demonstrate significant financial need. Additional details can be found on the Charm City Promise Program page, https://www.loyola.edu/department/financial-aid/undergraduate/programs/grants/charm-city-promise.html.

To be considered for the grant, students must:

Be a full-time, first-year, first-time student applicant
Have attended (for at least 3 years) and graduated from a Baltimore City public, charter, or Catholic high school
Be Pell eligible as determined by the Free Application for Federal Student Aid (FAFSA)
Submit all required financial aid documents by the stated application deadlines

Grant Details & Retention Criteria

Eligible students will receive financial aid assistance from Loyola that, when added to federal grants and loans awarded, state grant aid, University grant aid, and other grant aid for which they are eligible, will equal up to the full direct cost of attendance, including housing and food for resident students.
Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Charm City Promise Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.

Loyola Grant

Loyola need-based grants are available to full-time students based on the results of the FAFSA application.

Eligibility is determined annually
Students must complete the FAFSA application for each year of undergraduate enrollment
Students must be making satisfactory academic progress

Federal Pell Grant

The Federal Pell Grant program is the largest federal need-based grant program, providing assistance to undergraduate students who are enrolled in a degree or certificate program and have not received their first bachelor's degree. Students must complete the FAFSA and demonstrate exceptional need to be considered.

For the 2024-2025 award year, the maximum Federal Pell Grant award is $7,395 (July 1, 2024, to June 30, 2025).

On March 23, 2018 the President authorized the Children of Fallen Heroes Scholarship Act for students eligible for the Pell grant whose parent or guardian died in the line of duty as a public safety officer. Learn more about specific eligibility criteria and information. If you feel you may be eligible, please contact the financial aid office at financialaid@loyola.edu for next steps.

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG program is a federal campus-based program administered directly by the Loyola Office of Financial Aid. To be considered, students must complete the FAFSA. Priority is given to Pell Grant recipients with the highest demonstrated financial need. At Loyola, awards typically range from $500 to $1,000 a year.

Undergraduate Loans

William D. Ford Federal Direct Loan (Subsidized and Unsubsidized)

Direct Subsidized Loans

Direct Subsidized Loans are loans are available to undergraduate students enrolled at least half time and who demonstrate financial need. First year undergraduate students can borrow up to $3,500, second year students $4,500, and $5,500 for third- and fourth-year students.

The interest rate is 5.50 percent for loans disbursed on or after July 1, 2023 and before July 1, 2024. Interest rates are established each year for the Direct Subsidized Loans. The interest rate established for each loan is fixed and will apply for the life of the loan.

The U.S. Department of Education pays the interest on a Direct Subsidized Loan:

while you are in school at least half-time
for the first six months after you leave school (grace period)
during a period of deferment (a postponement of loan payments)

The standard repayment period is up to 10 years. Subsidized Direct Loans, where the first disbursement is made on or after October 1, 2020, and before October 1, 2024 carry a 1.057 percent federal origination fee. Net proceeds will equal 98.943 percent of the loan amount.

Direct Unsubsidized Loans

Direct Unsubsidized Loans are available to undergraduate students; there is no requirement to demonstrate financial need. Dependent students (except students whose parents are unable to obtain Plus loans) are eligible to receive up to $2,000 for all four years.

Independent students may borrow up to an additional $6,000 per year for the first and second years of undergraduate study and up to an additional $7,000 per year for subsequent undergraduate study through the unsubsidized Direct Loan Program. Dependent students may borrow up to the same amounts through this program, but only if the student's parent is denied eligibility to borrow funds through the Federal PLUS Loan Program.

The interest rate is 5.50 percent for loans disbursed on or after July 1, 2023 and before July 1, 2024. Interest rates are established each year for unsubsidized Direct Loans. The interest rate established for each loan is fixed and will apply for the life of the loan. The origination fee is the same as specified above under the description of the Direct Subsidized Loan (1.057 percent) however, interest accrual begins immediately during in-school and deferment periods. If you choose not to pay the interest while you are in school and during grace periods, deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).

Federal Direct Subsidized and Unsubsidized Loans have both annual loan limits and aggregate loan limits. These limits vary based on the student's grade level and dependency status. The grade level is determined by the number of credits earned by the completion of the prior academic year, while the dependency status is determined by the student's FAFSA for the current academic year.

The annual loan limits indicate the maximum amounts that a student may receive for an academic year. These limits are as follows:

Grade Level	Earned Credits	Dependent Undergraduate Student	*Independent Undergraduate Student**
First-year Undergraduate	0-29	$5,500 - a maximum of $3,500 can be subsidized	$9,500 - a maximum of $3,500 can be subsidized
Second-year Undergraduate	30-59	$6,500 - a maximum of $4,500 can be subsidized	$10,500 - a maximum of $4,500 can be subsidized
Third-year and Beyond Undergraduate	60+	$7,500 - a maximum of $5,500 can be subsidized	$12,500 - a maximum of $5,500 can be subsidized
Graduate	N/A	N/A	$20,5000

* Dependent students whose parents are unable to obtain PLUS Loans may be able to borrow up to the amount of an independent student for their grade level.

Aggregate Loan Limits

The aggregate loan limit is the maximum amount that a student can borrow during their undergraduate and graduate study. The aggregate loan limits are as follows:

Dependent undergraduate students: $31,000 (maximum of $23,000 in subsidized loans)
Independent undergraduate students and dependent students whose parents are unable to borrow a Direct PLUS Loan: $57,500 (maximum of $23,000 in subsidized loans)
Graduate and professional students: $138,500 (maximum of $65,500 in subsidized loans)

It is important for students to keep track of their loan amounts and plan their borrowing accordingly to ensure they stay within the annual and aggregate loan limits. This helps them manage their student loan debt effectively throughout their education.

New Borrowers

New borrowers must complete the following before loan funds are applied to their account:

Complete Entrance Counseling
Sign a Master Promissory Note

Federal Direct Loan borrowers who graduate, withdraw, or drop below half-time enrollment must complete an online Exit Counseling session.

Exit Counseling

All federal and institutional loan borrowers are required to complete Exit Counseling before graduating, withdrawing, dropping below half-time enrollment, or transferring to another college or university.

The Exit Counseling sessions will provide information about your rights and responsibilities, repayment options, and other information related to your status as a borrower under each program. Loyola University will receive an electronic confirmation that you have completed each session successfully.

There are two federal loan programs and one institutional loan program from which you may have borrowed while enrolled at Loyola. Your annual student loan borrowing history is available on Self Service via WebAdvisor.

Note: You must have a FSA ID to complete the Federal Direct Loan Exit Counseling.

Federal Direct PLUS Loans

The Direct PLUS Loan Program allows parents of undergraduate students to borrow up to the full cost of attendance minus other financial aid. Students must not have an adverse credit history. A credit check is conducted. If there is an adverse credit history, it is still possible to receive a PLUS loan if additional requirements are met.

For Direct PLUS Loans first disbursed on or after July 1, 2023, and before July 1, 2024, the interest rate is 8.05% percent. This is a fixed interest rate for the life of the loan. Direct PLUS Loans disbursed on or after October 1, 2021 and before October 1, 2024, carry a loan origination fee of 4.228%. The loan fee is a 95.772 percentage of the loan amount and is proportionately deducted from each loan disbursement.

Interest accrual begins on the date of the first disbursement and the first payment is due 60 days after the final disbursement. The parent has the option to defer the Direct PLUS loan if the student is enrolled at least half-time. For many parents, interest paid on PLUS Loans is tax deductible. For more information on education tax benefits, read the Internal Revenue Service's Publication 970, "Tax Benefits for Education."

Direct PLUS Loans may cover the full cost of attendance minus other financial aid. The cost of attendance (COA), sometimes referred to as the student budget, is an estimate of what it will cost to attend Loyola for one year. It's intended to help the applicant budget costs and is used by the financial aid office to determine eligibility for aid. The COA includes tuition, living expenses (housing and food), books, course materials, supplies and equipment, transportation, personal expenses and average student loan fees. The COA is not a bill and actual expenses will vary by student. At Loyola, students will be billed for tuition, on-campus housing and food plans. Learn more about the cost of attendance. To determine how much you wish to borrow for a full academic year, use Loyola's gross-to-net loan proceeds calculator. The total loan amount will be split evenly for the fall and spring semesters.

Prior to applying for a Federal Direct PLUS Loan, the student must have filed a current Free Application for Federal Student Aid (FAFSA).

To begin the process for the academic year 2024-25:

Go to https://studentaid.gov/.
Scroll down to click on the Parent tab.
Select the "Apply for a Parent PLUS Loan" under Popular Topics.
Review all information on this page before proceeding to log in.
Click on LOG IN TO START and log in using your parent FSA ID (not the student's FSA ID).
Select the 24-25 Award Year, then begin typing in your student's information.
The loan period for the summer 2024 semester spans from May 2024 to August 2024. (For undergraduate students, summer sessions are billed separately, thus requiring a separate loan application solely for the summer session).
The loan period for the fall 2024/spring 2025 semester extends from September 2024 to May 2025.
Double check any pre-filled information to confirm it is correct. Be sure the parent is listed as the borrower and not the student.
Review terms and disclosures.
Submit application.

The status of the plus loan is provided at the end of the application.

For an approved application:

Complete the MPN (Master Promissory Note). Choose the option "PLUS MPN for Parents." This PLUS MPN is good for 10 years.

If not approved:

Please follow the instructions provided on the federal site to proceed with adding an endorser, appealing the decision, or requesting the additional unsubsidized loan.

Send an email to rbass@loyola.edu if you submit an appeal, add an endorser, or are requesting the additional unsubsidized loan. Please include the student's name and ID number.

Flexible Repayment Options

Standard Repayment Plan: Fixed monthly payments for up to 10 years.
Extended Repayment Plan: Fixed monthly payments for 12 to 30 years, depending on the total amount of your Direct Loans.
Graduated Repayment Plan: Payments that start off lower, and then gradually increase, usually every two years. You will repay your loan in full within 12 to 30 years, depending on the total amount of your Direct Loans.
Deferment: Temporary suspension of a borrower's monthly payment. Student must be enrolled half-time. Interest accrues during the deferment period.
Consolidation: Direct Consolidation Loans allow borrowers to combine one or more of their Federal education loans into a new loan that offers several advantages. For more information on loan consolidation, visit loanconsolidation.ed.gov.

Additionally the Federal Direct Loan Program offers a quarter point (0.25) interest rate reduction for borrowers using the Electronic Debit Account (EDA) repayment method.

More information on repaying your loans and calculating estimated monthly payments can be found on the federal loan website.

Loyola University Loan

Loyola Student Loan Program

This institutional loan program is no longer available as a source of funding.

Private Alternative Education Loans

Private educational loan programs are non-federal loans issued by banks, savings and loan associations, and credit unions. These programs allow students to borrow up to the full cost of attendance* minus other forms of financial aid. Most students will need a creditworthy co-signer such as a parent or other relative in order to obtain a private loan. Private educational loans carry both fixed and variable interest rates based on the LIBOR rate or the Prime rate and repayment periods may range from 5 to 25 years. Interest rates, origination fees, loan maximums, and repayment terms should be carefully considered when researching and choosing a private loan.

Because each family's financial circumstances will differ, Loyola University is unable to recommend a specific program that will best suit an individual family's needs. Before you decide to borrow, carefully investigate all of your options. Make sure that you understand the application procedures, eligibility criteria, interest rate and processing fees, disbursement procedures, and repayment terms for each program you are considering.

Private alternative education loans should only be considered after eligibility for all federal student and parent loan options has been determined.

Once an application is approved by a lender, the school will receive an electronic certification request. The proceeds of private alternative education loans may not be credited to a student's account until the funds are received by the University. Therefore, if the loan proceeds will be used to pay a remaining balance due, the loan application process should be completed well in advance of the bill payment due date.

Loyola University does not maintain a preferred lender list for private alternative education loans, nor are we able to recommend specific lenders. However, over the last several years, our students and parents have used the lenders listed in ELM Select to meet their education loan borrowing needs. Using ELM Select, a service provided by ELM Resources, students and parents can compare and contrast the terms and conditions of each loan option and select a private educational loan that best suits their financial circumstances. Students are not limited to the lenders appearing on the ELM Select list and may choose any lender that best suits their educational borrowing needs.

The Project on Student Debt, an initiative of the Institute for College Access & Success, a nonprofit independent research and policy organization, offers sound advice and information to consider when applying for a private alternative educational loan.

Federal Work-Study

The Federal Work-Study (FWS) program is a federal, need-based aid program that offers eligible students the opportunity to work part-time jobs on campus to help support their educational expenses and gain valuable work experience with flexibility to work around their class schedule.

Only full-time students not living at home are eligible for this program. Eligibility is determined annually via the results of the Free Application for Federal Student Aid (FAFSA)

Program Benefits

Earnings can be used to support living and educational expenses while enrolled at Loyola
Flexible work schedules around scheduled class times
On-campus positions
Community service positions
Campus connections with academic and administrative departments
Ability to work up to 15 hours per week
Participating in Federal Work Study is purely optional and not required

Program Limitations

Federal Work Study earnings capped at aid award maximum
Earnings are not applied directly toward billing statement
Earnings are subject to all applicable federal, state, and local taxes
If a Federal Work-Study job is not secured by the 3rd week of a semester, the offer may be cancelled
Federal Work-Study jobs are not guaranteed
Students and their supervisors are expected to keep track of cumulative Federal Work-Study earnings to ensure that students do not exceed their FWS award.
Students are advised to ask the employer, at the time of hire, what will happen if their award is exhausted. Can the job continue on a non-FWS basis?
Students participating in a Loyola Study Abroad Program forfeit FWS eligibility for the semester(s) they are abroad.
Not available to commuter students (living at home with parents).
Not available to students who become Resident Assistants (RA).

Work study eligible students can find and apply for work study jobs via their Handshake account. Please check the list frequently as it is subject to change. Required employment and tax forms can be found on the Human Resources forms webpage. The current state mandated minimum wage is $15 per hour and is the hourly rate of pay a student will earn. The MD state minimum wage increases to $15 per hour effective January 1, 2024. Students are paid biweekly. The payroll schedule can be found online.

Student Responsibilities

Secure a position in a timely manner. Contact Human Resources or Financial Aid if experiencing difficulty finding a job
Submit all required forms to HR to obtain your certification to begin work
Treat your job as you would any other employment
Report to your Federal Work-Study job as scheduled
Notify your supervisor of anticipated tardiness or absences as early as possible
Monitor hours worked and total earnings
Dress appropriately for the position
Meet all job expectations by performing duties as instructed. Your employment is contingent upon satisfactory performance
Always demonstrate professional and courteous behavior
Refrain from conducting personal/academic matters during work
Provide your supervisor with sufficient advance notice if you wish to terminate your employment

Policies and Procedures

The Federal Work-Study Handbook provides the policies and procedures associated with work-study student employment at Loyola. The information is helpful to both first-time and returning work-study students who are participating in the Federal Work Study program.

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. Loyola University Maryland has partnered with a commercial plan available through Nelnet, 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 2022, 5-month plan/Spring 2023, 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 Monthly Payment Plan is a $45 per semester enrollment fee. You will make 5 monthly payments due on the 1st of each month from July - November (Fall 2022 semester) and December - April (Spring 2023 semester).

Enrollment in the Nelnet Plan

Our payment plan processor, Tuition Management Systems, was acquired by Nelnet in 2018 and we have now been migrated over to the Nelnet platform.

Payment plans must be initiated by the students in the Student Finance module on Self-Service. Individuals with proxy access cannot enroll on the student's behalf. Once logged in, click on Financial Information (bank icon) on the left side menu, click Student Finance, then Payment Plan Information. Click the Proceed to Processor button and create an account with Nelnet. The Nelnet site can only be accessed through the link on the Payment Plan Information page of Self-Service.

Individuals with properly granted proxy access by the student can access the Nelnet site after the student has created their Nelnet account. The student needs to allow access to the Payment Plan & Billing module in the proxy access page of Self-Service.

For assistance with the Nelnet site, please call 800-609-8056.

For assistance with your account balance or detailed account information please contact a Loyola Account Specialist or call 410-617-5047.

Once the payment plan has been established, any changes can be made directly with a Loyola Account Specialist.

The undergraduate semester based monthly payment plan allows you to pay for your educational expenses in smaller, more manageable 3, 4, or 5 automatic monthly installments, depending on the enrollment date for only a $45 enrollment fee per semester. Credit/debit card payments will incur a 2.75% fee, ACH payments are free of additional charges.

Questions about the Monthly Payment Plan should be directed to Nelnet at 800-722-4867.

Tuition Exchange Programs

The Tuition Exchange Program, Inc.

2024-2025 Academic Year

Loyola University Maryland is one of just over 670 colleges and universities that participate in the Tuition Exchange Program, Inc. (TEP). Through this program, dependent children of faculty, administrators and staff are eligible for tuition remission at their parent's home institution and may qualify for tuition remission at other participating colleges and universities.

Obtaining Proof of Eligibility

To obtain certification of your eligibility for the TEP benefit, request that the TEP Administrator at your home institution notify Loyola University Maryland, via the TEP webpage, that you are eligible and wish to be considered for the benefit.

Applying for Admission to Loyola University of Maryland

Students must be accepted for admission before you can be considered for the TEP benefit. TEP certification does not automatically qualify you for admission, nor does an offer of admission mean that a space will be automatically available in Loyola's TEP Program. If receiving the TEP award is a determining factor in your enrollment decision, it is recommended that you do not apply Early Decision. Instead, please consider applying via the non-binding, Early Action and Regular Decision processes.

Spaces in the Tuition Exchange Program are limited and are awarded on a competitive basis considering your high school academic record. The determination eligibility for a space in the Tuition Exchange Program will not be made until you are certified as eligible and accepted for admission. The TEP certification application must be received by Loyola no later than December 15, 2023.

If accepted for admission, students will be notified of their eligibility for the TEP benefit no later than April 1, 2024. If not offered the benefit, the student will be placed on a waiting list. Students who choose to attend Loyola without the TEP benefit will automatically be considered for the benefit in subsequent years. Please be aware, however, we are unable to guarantee the TEP award to currently enrolled students given budgetary restrictions in any given year.

Applying for Financial Aid

It is recommended, but not required, that you apply for financial aid. It is possible that a financial aid offer may make it financially possible to attend Loyola University if a space in the Tuition Exchange Program is not available.

A $750 deposit is required to reserve a space in the incoming first-year class and in on-campus housing. The deposit deadline is May 1, 2024, so it is important for you to submit your deposit as soon as you make the decision to attend Loyola. Receipt of the TEP benefit does not automatically guarantee a class or housing space. The $750 deposit is non-refundable unless class and housing space is not available.

Terms and Conditions

TEP benefit recipients must enroll as full-time degree-seeking undergraduates and make satisfactory academic progress toward a degree.
The value of the TEP benefit at Loyola University is limited to 85 percent of tuition. The TEP award replaces any institutional scholarships previously awarded. TEP benefit recipients are expected to complete their degree within eight consecutive fall and spring semesters if the benefit is awarded as an entering first-year student; in six consecutive semesters if the benefit is awarded as a sophomore; or four consecutive semesters if the benefit is awarded as a junior. The benefit does not cover tuition for part-time, summer or graduate course enrollment, nor does it cover fees, room, meal or book expenses.
Use of the TEP benefit for study-abroad is limited to Loyola University-Sponsored and Loyola University-Exchange programs. The benefit may not be used to pay tuition for study abroad programs sponsored by other colleges and universities.
TEP recipients are not eligible to receive any type of institutionally-funded academic scholarship or need-based grant assistance from Loyola University. Scholarships/grants from non-institutional sources will be added up to the maximum value of remaining tuition, additional fees and room charges before reducing the TEP benefit.
TEP recipients must have their parent's home institution re-certify eligibility for the benefit annually. Re-certification statements must be submitted no later than May 1 each year.

The FACHEX Program

2024-2025 Academic Year

Loyola University Maryland is one of 27 Jesuit colleges and universities that participate in the Faculty and Staff Children Exchange Program (FACHEX). Through this program, dependent children of faculty, administrators and staff are eligible for tuition remission at their parent's home institution and may qualify for tuition remission at other participating Jesuit colleges and universities.

Obtaining Proof of Eligibility

To obtain certification of eligibility for the FACHEX benefit, request that the FACHEX Administrator at your home institution notify Loyola University Maryland, via the TEP webpage, that you are eligible and wish to be considered for the benefit.

Applying for Admission to Loyola University Maryland

A student must be accepted for admission before they can be considered for the FACHEX benefit. FACHEX certification does not automatically qualify a student for admission, nor does an offer of admission mean that a space will be automatically available in Loyola's FACHEX Program. If receiving the FACHEX award is a determining factor in the enrollment decision, it is recommend not to apply Early Decision. Instead, please consider applying via the non-binding, Early Action and Regular Decision processes.

Spaces in the FACHEX Program are limited and are awarded on a competitive basis considering your high school academic record. The determination of your eligibility for a space in the FACHEX Program will not be made until you are certified as eligible and accepted for admission. The FACHEX certification application must be received by Loyola no later than December 15, 2023.

If accepted for admission, students are notified of eligibility for the FACHEX benefit no later than April 1, 2024. If not offered the benefit, the student be placed on a waiting list. Students who choose to attend Loyola without the FACHEX benefit will automatically be considered for the benefit in subsequent years. Please be aware, however, we are unable to guarantee the FACHEX award to currently enrolled students given budgetary restrictions in any given year.

Applying for Financial Aid

It is recommended, but not required, that students apply for financial aid. It is possible that a financial aid offer may make it financially possible to attend Loyola University if a space in the FACHEX Program is not available.

Submitting the Deposit

A $750 deposit is required to reserve a space in the incoming first-year class and in on-campus housing. The deposit deadline is May 1, 2024, so it is important to submit the deposit as soon as you make the decision to attend Loyola. Receipt of the FACHEX benefit does not automatically guarantee a class or housing space. The $750 deposit is non-refundable unless class and housing space is not available.

Terms and Conditions

FACHEX benefit recipients must enroll as full-time degree-seeking undergraduates and make satisfactory academic progress toward a degree.
The value of the FACHEX benefit is full-tuition. The FACHEX award replaces any institutional scholarships previously awarded. FACHEX benefit recipients are expected to complete their degree within eight consecutive fall and spring semesters if the benefit is awarded as an entering first-year student; in six consecutive semesters if the benefit is awarded as a sophomore; or four consecutive semesters if the benefit is awarded as a junior. The benefit does not cover tuition for part-time, summer or graduate course enrollment, nor does it cover fees, room, meal or book expenses.
Use of the FACHEX benefit for study-abroad is limited to Loyola University-Sponsored and Loyola University-Exchange programs. The benefit may not be used to pay tuition for study abroad programs sponsored by other colleges and universities.
FACHEX recipients are not eligible to receive any type of institutionally-funded academic scholarship or need-based grant assistance from Loyola University. Scholarships/grants from non-institutional sources will be added up to the maximum value of additional fees and room charges before reducing the FACHEX benefit.
FACHEX recipients must have their parent's home institution re-certify eligibility for the benefit annually. Re-certification statements must be submitted no later than May 1 each year.

Questions?

Address additional questions concerning Tuition Exchange and FACHEX Programs to:

Diane M. Roche
Assistant Director
410-617-2576
800-221-9107
droche@loyola.edu

Financial Aid Policies

The following information is provided to help students and parents understand the policies used to administer financial aid at Loyola.

Important note: The Office of Financial Aid routinely sends important communications to students at their Loyola email account. It is expected that students check their email frequently and that dependent students share important financial aid information with their parent(s).

Appeal Policy

Code of Conduct Policy

Federal Financial Aid and Repeated Courses Policy

Federal Verification Policy

Financial Aid Eligibility

Loyola Merit and Non-Need-Based Grant Retention Policy

Satisfactory Academic Progress Policy

Student Expense Budgets Policy

Study Abroad Policy

Terms & Conditions of Aid Awards

Appeal Policy

(Special Circumstances, Unusual Circumstances, Medical Expenses)

At Loyola, we take the time to personally consider each individual family's financial circumstances and will do all we can to make accommodations when determining your financial aid award. Our goal is to offer you the best possible financial aid package based on your or your family's current financial situation within the parameters of existing policies, federal regulations, and the availability of funds.

Incoming first-year and transfer students interested in appealing their financial aid eligibility or to pursue unusual circumstances may contact the Office of Financial Aid at financialaid@loyola.edu for instructions.

Families who suffer significant losses of income due to temporary or long-term loss of employment or the death of a wage earner, or families who incur significant medical expenses not covered by insurance may appeal for a review of the financial aid decision.

Reconsideration of your 2024-25 Aid Eligibility

The Appeal Process is available to all students to request Professional Judgment consideration of special financial and/or unusual circumstances which may influence your or your family's ability to pay for college.

Special circumstances

Aid eligibility for the 2024-25 academic year is based on 2022 income and current asset information. Students and families can request a review of their financial aid eligibility if they are experiencing a change in financial status. Circumstances that can be taken into consideration include but are not limited to the following:

Reduction or loss of income, employment or benefits
One-time, non-recurring increase in income
Death or disability of parent
Divorce or separation

To initiate a special circumstance aid appeal you must complete the 2024-25 Special Circumstances Appeal Form.* The appeal will be reviewed after you have been awarded for the 2024-25 academic year.

Unusual Circumstances

Students who are experiencing unusual parental circumstances or conditions may qualify for a dependency override to their FAFSA, making them an independent student for financial aid purposes. The following are examples of unusual parental circumstances that would allow an aid administrator to make a professional judgment change to the FAFSA:

Death or incapacitation of only parent
Parental Abandonment, Abuse
Parental Incarceration
Parental whereabouts unknown
Human Trafficking
Refugee or Asylee Status

To initiate an unusual circumstances appeal, you must complete the 2024-25 Unusual Circumstances Appeal Form.*

Unreimbursed Medical Expenses

Unreimbursed Medical Expenses Students and families can request a review of their financial aid eligibility if they incur excessive medical, dental, or vision care expenses not covered by insurance during calendar year 2023.

To initiate a medical expense appeal you must complete the 2024-25 Medical Expense Appeal Form.* The appeal will be reviewed after you have been awarded for the 2024-25 academic year.

* Please note that documentation will be requested and required for all Professional Judgment Appeals. Appeals will be reviewed within 30 days of receipt of requested/required documentation. Submission of an appeal does not guarantee approval, and students and families should make alternative payment arrangements while waiting for the outcome of an appeal.

Office of Financial Aid Code of Conduct Policy

The Higher Education Opportunity Act (HEOA) of 2008 requires institutions of higher education to develop and enforce a code of conduct that prohibits conflicts of interest for financial aid personnel.

Additionally, as members of the National Association of Student Financial Aid Administrators (NASFAA), Loyola University financial aid personnel also adhere to the NASFAA Statement of Ethical Principles and Code of Conduct which contains principles specific to the financial aid profession. Consistent with the requirements of the HEOA and the NASFAA Statement, Loyola University has adopted the following Code of Conduct for financial aid professionals. Other University employees, officers, and agents with responsibilities in respect to education loans must also comply with this policy.

Code of Conduct

Conflict of Interest

No employee shall have a conflict of interest with respect to any education loan program or other student financial aid program for which the employee has responsibility.

Ban on Revenue Sharing Arrangements

The University shall not enter into any revenue-sharing arrangement with any lender or other vendor working with its financial aid office. The University shall not accept any fee or other material benefit in exchange for recommending a lender to its students.

Gift Ban

No University officer or employee with financial aid responsibilities shall solicit or accept a gift (e.g. a gift of services, transportation, lodging, or meals, provided by purchase of a ticket, payment in advance, or reimbursement) having a monetary value of more than a de minimus amount from a lender, guarantor, or servicer of education loans.

Contracting Arrangements Prohibited

No University officer or employee with financial aid responsibilities shall accept from any lender or lender affiliate any payment or other financial benefit as compensation for any type of consulting arrangement or other contract to provide services to a lender.

Interaction with Borrowers

The University shall not automatically assign a particular lender to any borrower, and shall not refuse to certify or delay certification of any loan based on the lender or guarantee agency selected.

Prohibition on Offers of Funds for Private Loans

The University shall not request or accept from any lender an offer of funds to be used for private education loans in exchange for the University providing the lender with a specified number or volume of federal loans made or in exchange for placement on a preferred lender list.

Co-branding

The University prohibits any private educational lender from using the University's name, emblem and logo as well as any words, pictures, or symbols associated with the University to imply endorsement of private education loans by that lender.

Ban on Staffing Assistance

The University shall not request or accept from any lender any assistance with call center staffing or financial aid office staffing.

Advisory Board Assistance

All employees with financial aid responsibilities shall be prohibited from receiving anything of value from a lender or guarantor in return for service on its advisory board. Reimbursement for reasonable expenses incurred in connection with such service, however, is permitted.

Financial Aid Eligibility

Federal Financial Aid and Repeated Courses Policy

Federal regulation limits the number of times an undergraduate student may repeat a course and receive financial aid for the course.

A student may receive financial aid to repeat a previously passed course (D or higher) to receive a higher grade one additional time.
A student may receive financial aid when repeating a course that was previously failed, regardless of the number of times the course was attempted and failed.
If a student chooses to retake a course that is not aid eligible, the office of financial aid will recalculate the student's aid to exclude the credits for the repeated course.
Exception: If a student enrolls for 15 credit hours including 3 credits previously passed, the student's financial aid eligibility is not impacted because the student is enrolled for 12 credits which are not repeated courses, and remains enrolled on a full-time basis.
The office of financial aid is not responsible for determining if a student may repeat a course, but rather if a student may be eligible for financial aid for a repeat course.
This regulation applies whether or not the student received aid for previous enrollment in a course.

Federal Verification

Federal verification is a review process required by the US Department of Education (ED) that requires schools to confirm the accuracy of the information reported on the FAFSA. If selected, you will be required to submit documentation to Loyola's Office of Financial Aid. The reasons a FAFSA may be selected for verification can vary. ED may select some to clear up inconsistencies, while others may be selected at random.

If your FAFSA is selected for verification, you will be notified by the Central Processing System via codes on your electronic FAFSA Submission Summary (FSS). You will also receive an email from Loyola's Office of Financial Aid with instructions about how to complete the verification process.

Required Documents for Verification

Required documentation may vary because verification is specific to the student's FAFSA, but typically includes items listed below. Information needed to satisfy verification will be emailed to students and will also appear on your financial aid checklist via Loyola's Self-Service portal.

Items that may be required for those selected include (from the tax year used when completing the FAFSA):

If your parent(s) have filed federal taxes, a signed copy of their federal tax return, or submit an IRS Tax Return Transcript
If you have filed federal taxes, a signed copy of your federal tax return, or submit an IRS Tax Return Transcript
Non-Tax Filer Statement if you and/or your parent(s) did not file a federal tax return
Verification of Non-filing Letter from the IRS if your parent(s) did not file a federal tax return
Verification Worksheet (only if requested)

Verification documents may be submitted safely and securely to Loyola by uploading them via the Self-Service portal. To best protect your personal data, we will not accept documentation by email or the US postal service.

Priority Submission Date for Completing Verification

We recommend that you submit verification documents as soon as possible upon being notified of your selection. Verification is complete when we have reviewed all required documentation, and the data on your FAFSA is accurate according to the documentation submitted. In general, verification must be completed by the last day of your enrollment during the school year for which your application has been selected, unless you meet certain federal criteria to be considered for late disbursements.

If you choose not to, or fail to submit verification documents, we will be unable to complete the review of your eligibility for financial aid. No federal, state, or institutional need-based financial aid will be disbursed to your student account until verification is complete.

In some instances, a student who has already been awarded financial aid may be selected for verification after your financial aid has been disbursed. If this happens, we will send notification by email. Failure to comply with the verification requirements will result in your aid being canceled and any future aid not disbursing to your student account. If financial aid has already disbursed to your student account and is then canceled, it may result in a balance on your student account.

Changes to your FAFSA as a Result of Verification

The Office of Financial Aid is required to submit all FAFSA changes resulting from verification to the Central Processing System. The Processor will send you a revised electronic FAFSA Submission Summary (FSS). The revised FSS identifies the data that was changed with an asterisk and states that the changes were made by Loyola.

Merit and Non-Need-Based Grant Retention Policy

The following scholarships and grants are automatically renewed for four years (8 semesters fall and spring) provided the student maintains full-time enrollment each term (minimum 12 credits per semester). The minimum required cumulative GPA (CGPA) is based on annual, not semester basis.

Retention criteria will be evaluated by the Office of Financial Aid upon completion of each spring semester after all grades are received by the Office of the Registrar. Students will be notified via their Loyola email account if they fail to meet any one of the retention requirements.

Students for whom their scholarship and/or grant are terminated may appeal. Written appeals may be submitted via email to the Office of Financial Aid, financialaid@loyola.edu. The appeal must explain why you were unable to meet the retention requirements and what has changed, which will allow you to meet the requirements at the next evaluation. Only written appeals will be accepted.

Loyola Merit Awards

Name	Retention Requirements
Presidential Scholarship	Minimum CGPA 2.00
Dean's Scholarship	Minimum CGPA 2.00
Loyola Scholarship	Minimum CGPA 2.00
Loyola Transfer Scholarship	Minimum CGPA 2.00

Loyola Non-Need-Based Grants

Name	Retention Requirements
Baltimore Diocesan Grant	Minimum CGPA 2.00*
Community College Grant	Minimum CGPA 2.00*
Evergreen Community Grant	Minimum CGPA 2.00*
Evergreen Grant	Minimum CGPA 2.00*
Family Grant	Minimum CGPA 2.00* Sibling(s) must be concurrently enrolled in an undergraduate program at Loyola
Legacy Grant	Minimum CGPA 2.00*
Magis Grant	Minimum CGPA 2.00*
Phi Theta Kappa Grant	Minimum CGPA 2.00*
TAM Grant	Minimum CGPA 2.00* Student must also maintain status as an elementary education major

*Additional program information, https://www.loyola.edu/department/financial-aid/undergraduate/faqs/merit-scholarships.html.

Required Courses for Federal Financial Aid Policy

(This policy does not apply to award programs funded by Loyola University Maryland or the State of Maryland)

Federal regulations require that students receiving federal Title IV financial aid must be enrolled in courses that apply to their degree program. Students enrolled in coursework not applicable toward their degree requirements could see a revision in their financial aid package. To remain eligible and receive the full financial aid package, students should enroll in a minimum of 12 credit hours (full-time) within their degree program each semester.

These regulations apply to the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study, Federal Direct Loans (subsidized, unsubsidized, parent PLUS, grad PLUS), and the Federal TEACH Grant. They do not affect award programs funded by Loyola, e.g., Loyola merit awards, Loyola non-need-based awards, Loyola need-based grants, Loyola athletic awards, and State of Maryland financial aid programs.

The Office of Financial Aid monitors course enrollment throughout the registration period through drop/add. While it is the student's responsibility to ensure they are taking classes required for their degree program, we will notify you about two weeks before the start of the semester if your enrollment could affect your financial aid package. Final course enrollment is monitored after drop/add and if aid adjustments are required, students are notified at their Loyola email address.

In general, students must be enrolled at least half-time to be considered for federal aid, however Loyola requires full-time enrollment for Federal Work-Study and the Federal Supplemental Educational Opportunity Grant (FSEOG). If a student enrolls in courses not applicable to their program of study, it may result in receiving less or no federal financial aid. Enrollment status for federal aid is defined as follows: full-time (12+ credits); three-quarter-time (9 to 11 credits); half-time (6 to 8 credits); less-than-half-time (less than 6 credits).

Students are advised to use Financial Aid Self-Service to view enrolled credits and how they impact financial aid.

Return of Title IV Funds Policy

Federal statute requires a financial aid office to recalculate federal financial aid eligibility for Title IV funds for students who cease enrollment in all classes prior to completing 60 percent of a payment period or period of enrollment.

At Loyola, this means the Office of Financial Aid must recalculate federal financial aid eligibility for enrolled students who begin attendance and withdraw (stop attending) from all their classes before completing 60 percent of the semester. This requirement does not apply to a student who withdraws from some but not all their classes in the semester. A student who completes all the requirements for graduation from their program before completing the semester is not considered to have withdrawn. This applies to all programs (with or without modules).

Official or Unofficial Withdrawal

For R2T4 purposes, a withdrawal can be official or unofficial.

An official withdrawal occurs when a student who has begun attendance decides to withdraw (stop attending) all their classes before the semester ends. Students are required to notify the Office of the Dean of Undergraduate Studies. The effective date of the withdrawal is the date the student submits the required form(s) to the Office of the Dean of Undergraduate Studies. If the required form(s) is submitted via email, the effective date is the email date. Students may only use their Loyola email account to submit required forms. Please contact the Office of the Dean of Undergraduate Studies to determine which form(s) must be completed and for additional information.

An unofficial withdrawal occurs if a student drops out without notifying the University. The withdrawal date is the midpoint of the semester or a documented last date of participation in an academically related activity. An unofficial withdrawal is considered to have occurred when a student has been assigned an initial grade of FW for all classes which is recorded officially as an F after verification that the student did not officially withdraw.

Please visit the Office of the Dean of Undergraduate Studies, the Academic Advising and Support Center, and the Office of the Registrar for additional information on dropping classes, leaves of absence and withdrawal from the University.

Title IV Funds

The Title IV aid programs subject to the return of Title IV funds requirement include the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal TEACH Grant, Iraq and Afghanistan Service Grant, Federal Direct Subsidized and Unsubsidized Loans, Federal Direct Parent PLUS and Graduate PLUS Loans.

R2T4 Formula

Though financial aid is typically posted to a student's account at the beginning of the semester, students earn the funds as they complete the semester. If a student withdraws during the semester, the amount of Title IV aid they earned up to that point is determined by the federal R2T4 formula.

Earned Aid

Earned aid is the amount of Title IV aid the student is entitled to based upon the amount of the semester completed as of the date the student withdrew. A student's earned aid may be either disbursed or undisbursed at the time of withdrawal. The amount earned is proportionate to the percentage of the semester the student had completed at the time they withdrew, excluding breaks of five days or more. In other words,

(Number of days the student is enrolled) divided by (Total number of days in the semester including weekends and holidays and excluding Thanksgiving break or spring break, if applicable)
= Percentage of semester completed (also the percentage of earned aid)

For example, if a student completes 40% of the semester, they earned 40% of the Title IV aid originally scheduled.

Post-Withdrawal Disbursement

A student may be due a post-withdrawal disbursement if the amount of Title IV funds earned is more than the amount disbursed at the time they withdrew.

If a student has an outstanding balance on their account for current award year charges for tuition, room, and meal plan charges, and prior award year charges of $200 or less for tuition, room, and meal plan charges, Loyola may automatically credit a post-withdrawal disbursement of grant funds to the student's account. Otherwise, Loyola must obtain the student's written authorization before crediting the post-withdrawal disbursement for other current award year educationally related institutional charges and prior award year educationally related institutional charges up to $200.

If a student does not have an outstanding balance on their account or the amount of the post-withdrawal disbursement is greater than the balance, Loyola must directly deliver any grant portion of the post-withdrawal disbursement to the student within 45 days of the date of the school's determination the student withdrew.

If the post-withdrawal disbursement includes loan funds, Loyola may not credit the student's account and the borrower may not receive the proceeds as a direct disbursement without first notifying the borrower and confirming they still wish to receive the loan disbursement. Loyola must send the notification within 30 days of the school's determination that the student withdrew and allow the borrower at least 14 days to respond. A student (or parent for a Direct PLUS Loan) may choose to decline some or all the loan proceeds to reduce indebtedness. If no response is received within 14 days of notification, the award will be canceled.

Unearned Aid

If the amount of Title IV aid earned is less than the amount disbursed as of the date the student withdrew, the difference is the amount of unearned aid that must be returned to the Title IV programs by Loyola, the student, or both.

The R2T4 formula is designed so all the unearned funds are returned by the school if the student's institutional charges equal or exceed the amount of Title IV funds disbursed. It is also designed so the institution and the student must each return a share of the funds if the amount of Title IV funds disbursed exceeds the student's institutional charges.

School Share

Loyola's share is determined first and is the lesser of the total amount of unearned aid or an amount equal to institutional charges multiplied by the percentage unearned. The percentage unearned is the complement of the percentage earned.

Loyola must return the 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.

Loyola is responsible for allocating unearned funds to the Title IV programs from which the student received assistance in the following order, up to the net amount:

Federal Direct Unsubsidized Loan
Federal Direct Subsidized Loan
Federal Direct PLUS Loan (Graduate PLUS Loan applies to graduate students only)
Federal Pell Grant
Federal Iraq & Afghanistan Service Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal TEACH Grant

Student Share

The student's share is the difference between the total unearned aid and Loyola's share. Loyola must notify the student of any unearned funds for which they are responsible for repaying within 30 days of the date the school determined the student withdrew.

If unearned grant funds are to be returned it is referred to as an overpayment. The maximum amount of grant aid a student must repay is 50 percent of the total federal grant funds received or scheduled to receive. Loyola's notification must include the student has 45 days in which to repay the overpayment in full or to enter into a satisfactory repayment agreement with Loyola or the Department of Education. Students are not required to return unearned grant funds of $50 or less.

If direct loan funds must be returned, the student (or parent for a Direct PLUS Loan) must repay the funds according to the terms of the promissory note.

Loyola Refund Policies

The R2T4 refund policy is distinct and separate from Loyola's other refund policies. The amount of unearned Title IV funds that must be returned because of applying the R2T4 formula is independent of institutional charges assessed the student under the school's refund policy. Title IV regulations do not govern how much Loyola may charge its students. It is possible that a student may still be responsible for unpaid institutional charges resulting from the University having to return unearned Title IV funds.

Satisfactory Academic Progress (SAP) Policy

Federal regulations require students who are receiving Title IV (federal) financial aid to make deliberate and measurable progress toward their degree to continue to receive these funds. This requirement is referred to as Satisfactory Academic Progress or SAP. At Loyola, SAP standards apply to students receiving assistance from federal aid programs (Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study, Federal Direct Subsidized/Unsubsidized Loans, Federal Direct PLUS Loans, Federal TEACH Grant), state funds, and Loyola need-based aid.

The Office of Financial Aid evaluates academic progress annually upon completion of the spring semester, after grades are reported. The review is based on the entire academic record, even if a student did not receive financial aid for a previous semester(s) of enrollment.

SAP measures academic performance based on three standards: cumulative grade point average (GPA), pace, and maximum timeframe. To be eligible for financial aid, students must comply with all three requirements.

Cumulative Grade Point Average (GPA)

Students completing their first year at Loyola must have a cumulative GPA of 1.8 or better and 2.0 or better each year thereafter.

Pace

Students must successfully complete at least 66.67 percent of cumulative credit hours attempted. To calculate pace, divide the cumulative number of credits successfully completed by the cumulative number of credits attempted.

For example, if a student successfully completes 24 credits but attempted 30, the student's pace is 80 percent (24 / 30 = 80%)

Maximum Time Frame

Students must complete required coursework within 150% of the published program length.

For example, a student must complete a 120-credit hour program within 180 attempted hours

Treatment Of Grades and Courses

Grades of A, A-, B+, B, B-, C+, C, C-, D+, D, and F are included in the cumulative GPA calculation.
Credits with grades of A, A-, B+, B, B-, C+, C, C-, D+, D, P, and S are considered both attempted and completed.
Credits with grades of F, NC, U, and NG are considered attempted but not completed.
Incomplete (I) grades are not included in the GPA calculation and count as attempted but not completed credits until the coursework is graded with a permanent grade.
Withdrawal (W) grades received after the add/drop period are not included in the GPA calculation and count as attempted but not completed.
Credits for which an enrolled student receives grades of all W due to an approved personal or medical leave of absence and/or otherwise officially withdraws during the semester count as attempted but not completed.
Credits for which an enrolled student receives grades of all F because they cease attending (unofficially withdraw) during the semester count as attempted but not completed.
Accepted transfer credits are considered both attempted and completed. Transfer credits are not included in the cumulative GPA calculation.
Courses taken because of a change in major or degree program result in all courses considered in the pace and maximum timeframe requirements.
Courses taken for Audit are not eligible for financial aid and therefore, not included in the SAP calculation.
Repeated courses count as attempted and completed credits.
Students may receive financial aid for repeating a previously passed course (D or better) only once.
Students may receive financial aid for repeating a failed course until a passing grade (D or better) is received.

Losing Financial Aid Eligibility

Students who fail to maintain the minimum standards for pace, maximum timeframe, and/or fail to maintain the minimum cumulative GPA requirements are ineligible to received financial aid in subsequent semesters. The Office of Financial Aid will notify students who do not meet the SAP requirements via email at their Loyola email address. A student's SAP status, satisfactory or unsatisfactory, is also displayed in the financial aid self-service portal.

Re-Establishing Financial Aid Eligibility

Students may re-establish eligibility for financial aid in one of the following ways:

The student takes classes and pays for tuition and other charges as applicable without the help of financial aid and does well enough in the coursework to satisfy SAP at the end of the subsequent semester(s).

The student submits a successful appeal - see procedures below. Students who are beyond the maximum time frame to completion may regain financial aid eligibility on a semester-by-semester basis through the appeal process.

Appeal Process

Students who wish to appeal must submit the following to the Office of Financial Aid:

1. A written letter or email describing extenuating circumstances that prevented the student from meeting the SAP requirements AND the course of action or change that will allow them to make satisfactory academic progress at the next evaluation.

Appeal circumstances are reviewed on a case-by-case basis and may include but are not limited to:

Student becomes seriously ill
Student is severely injured
Student's relative dies

Other cases may be considered if they are determined to have caused physical or psychological stress on a student. An appeal may not be based upon the need for funds nor the lack of knowledge that eligibility for aid was in jeopardy.

2. An academic plan created with and signed by your academic advisor or an advisor from the Academic Advising and Support Center demonstrating how you will achieve SAP by a specific point in time. Your academic plan should reflect realistic and attainable goals and may include necessary courses to achieve satisfactory academic progress standards. Your academic plan could take you to completion of your program rather than meeting SAP standards at a specific point in time as determined by your advisor.

To expedite your appeal, submit all documents together and be as detailed as possible in your personal statement.

Deadline to Appeal

September 15 to receive aid in the fall
January 30 to receive aid in the spring

Appeal Decision

The Office of Financial Aid SAP Committee will review an appeal once all required documents are submitted. If the appeal is approved, the student will be placed on probation and will be eligible to receive financial aid for one semester. A student may re-establish eligibility by meeting the SAP standards or the conditions set forth in their academic plan.

If after the probationary semester, the student is meeting the minimum SAP requirements, the probationary status will be removed, and the student will continue to be eligible for financial aid.
If after the probationary semester, the student is not meeting minimum SAP requirements, but they are meeting the terms of their academic plan, their academic plan is rolled over to the next semester and the student will continue to be eligible for financial aid. SAP will be re-evaluated upon completion of that semester.
If after the probationary semester the student is not meeting the minimum SAP requirements or the terms of their academic plan, they will be ineligible from receiving financial aid in subsequent semesters. If aid is suspended after probation, the student may submit another appeal.

If the SAP appeal is denied, the student may attend without financial aid to re-establish eligibility. A period of non-enrollment is insufficient to re-establish eligibility.

Students will be notified of their SAP appeal decision via email at their Loyola email address.

Financial Aid Probation is Not the Same as Academic Probation

Please note that the SAP policy applies to financial aid eligibility and is separate from the academic standards required by the University for continued enrollment. However, if a student is academically suspended or placed on academic probation, the student is also considered to have failed SAP.

Students Returning to Loyola After a Year or More Absence

If a student previously left Loyola after failing to meet the minimum SAP requirements returns and wishes to re-establish eligibility for financial aid, they must follow the procedures listed above.

All information is subject to change based on changes to federal law, regulation, or university policy and procedure. If changes are made, students must abide by the new policy.

Student Expense Budgets Policy

A student's demonstrated financial need is determined by subtracting the Student Aid Index (SAI) from the FAFSA, from the amount we estimate it will cost the student to attend Loyola (the student expense budget). The student expense budget includes actual charges for tuition, and allowances for housing, food, books, course materials, supplies, equipment, transportation, and personal expenses. There are three standard student expense budgets: on-campus, off-campus and with parents. In assigning an expense budget to determine your financial need, we used the following assumptions:

On-Campus: Living on-campus in a Loyola residence hall. Students who paid a housing deposit, students who received a housing assignment, students receiving Resident Assistantships, and students participating in Loyola sponsored study-abroad programs were assigned this housing status.
Off-Campus: Living off-campus in an apartment or residence not owned by or associated with Loyola. Non-Maryland residents who did not pay a housing deposit and students participating in non-Loyola sponsored study-abroad programs were assigned this housing status. Maryland residents who have provided an active off-campus local address will also be assigned this status.

Eligibility for need-based forms of financial aid may be impacted when students choose to change their housing status from on-campus to off-campus or commuter status. Therefore, it you are a recipient of need-based aid, it is important that you contact the Financial Aid Office before making a final decision.

Commuter With Parents: Living at home with your parent(s). Maryland residents who did not pay a housing deposit or who did not provide the University with an active off-campus local address were assigned this housing status.

If the housing status we used in constructing your student expense budget is incorrect, you are required to contact the financial aid office. We will recalculate your financial aid eligibility after your actual housing status is verified.

Study Abroad Policy

Loyola-sponsored Study Abroad Opportunities

Students participating in a Loyola-sponsored study abroad program are eligible for consideration for all forms of federal, state, institutional and private sources of aid except the Federal Work-Study Program. Students studying abroad for the fall semester, spring semester or a full academic year will forfeit the value of a Federal Work-Study award.

External Study Abroad Opportunities

Students may participate in external study abroad opportunities only with the approval of Loyola's Office of International Programs.

Students approved to study abroad in an external program are eligible to receive Federal Direct Loans (subsidized and unsubsidized), Federal Parent Loans (PLUS), Federal Pell Grants, and most forms of state grant/scholarship assistance. If approval is granted, Loyola University Maryland will be considered the home institution for purposes of applying for federal student aid.

Institutional forms of financial aid cannot be used to assist with educational expenses for external study abroad programs. Students studying abroad through an external program will forfeit any institutional form of financial aid, including academic scholarships, athletic scholarships, need- and non-need-based grants, Federal Supplemental Educational Opportunity Grants, and Federal Work-Study. Privately-funded scholarships and grants may be used only with the written permission of the organization or donor sponsoring the award.

Students who anticipate the need for additional financial assistance should contact the administrator of the study abroad program in which they plan to participate or obtain more information on financial aid opportunities from the following resources:

International Education Finance Corporation (IEFC)
International Student Loan Program (ISLP)
https://www.iefa.org/
NAFSA: Association of International Educators
https://www.nafsa.org/
Financial Resources for International Study:
A Guide for U.S. Nationals
Institute of International Education (IIE)
https://www.iie.org/
The Smart Student Guide to Financial Aid
Financial Aid for Study Abroad
https://finaid.org/

Financial Aid Eligibility, Terms and Conditions

Academic Scholarships

In order to attract the caliber of students who value the tradition of quality Jesuit education that Loyola University Maryland offers, we award academic scholarships unrelated to financial need. The awards are based on superior academic ability and potential to contribute to the academic climate of the campus community.

Entering first-year applicants are automatically considered for Loyola's academic scholarships. Students are selected on a competitive basis considering high school grade performance, course selection, rank-in-class and strength of high school. SAT/ACT scores are also considered if provided by the applicant. The intensity of the competition each year depends on the size and quality of the first-year class applicant pool. Scholarships are awarded for four years, and the value of the award does not increase as tuition increases. The number of scholarship awards offered to entering first year students is based on Loyola's institutional budget and anticipated yield rate. Therefore, many more scholarship offers will be made than our budget allows, recognizing that a percentage of students will decline our offer and attend other colleges and universities. Our goal is to make the best scholarship offer possible considering Loyola's level of selectivity and budget constraints. We are unable to "match" other institutions' academic scholarship awards.

Loyola University Maryland administers a limited number of endowed scholarships and privately-funded scholarships reserved for members of the junior and senior classes. Therefore, currently enrolled students who have achieved an outstanding academic record (minimum GPA of 3.00) at the end of their sophomore and junior years and who meet other donor-specified selection criteria will be considered for scholarships from these funds.

Endowed scholarships and privately-funded scholarships administered by Loyola may be used to fund (in full or part) institutional academic scholarships and may be substituted for institutional need-based grant assistance.

Need-Based Financial Aid

The Office of Financial Aid uses the following federal formula to determine eligibility for need-based financial aid:

Cost of Attendance - Student Aid Index = Need

Cost of Attendance (COA)

The Cost of Attendance (COA), sometimes referred to as the student budget, is an estimate of what it will cost to attend Loyola for one year. It's intended to help the applicant budget, but it's also used by the financial aid office to determine eligibility for aid. The COA includes tuition; and estimates for living expenses (housing and food); books, course materials, supplies, and equipment; transportation; personal expenses, and average student loan fees.

The COA is not a bill and actual expenses will vary by student. Students who incur costs for university health insurance, dependent care, disability-related expenses, or who are in academic programs that require licensure, certification, or a first credential, and have costs associated with obtaining such qualification may request a cost of attendance adjustment by contacting the Office of Financial Aid. At Loyola, students will be billed for direct charges, i.e., tuition, on-campus housing, and food plans.

Student Aid Index (SAI)

The Student Aid Index (SAI) is an eligibility index number resulting from the information provided on the Free Application for Federal Student Aid (FAFSA). This index is calculated according to a new formula determined by the federal government. Beginning with the 2024-25 academic year, the SAI will replace the Expected Family Contribution (EFC) to determine an applicant's need. The new formula allows a minimum SAI of negative 1,500 (-1,500) to highlight students with especially challenging situations.

Need

Need is the difference between the Cost of Attendance (COA) and the Student Aid Index (SAI). A negative 1,500 index will be treated as a zero (0) in the formula COA minus SAI equal Need. Once we calculate your need, we can determine a student's eligibility for grants, student employment and loans. Though we cannot guarantee to meet full demonstrated need, we strive to provide funding that makes it possible for students to attend Loyola. Students who have no financial need are eligible to be considered for non-need-based loans.

First and Second Year Cost of Attendance: 2024-25 Academic Year

Tuition is actual. On-campus housing is based on the average cost of all available housing. Food considers 21 meals per week. Actual costs may vary by student choices.

On-Campus/Resident

Expense	Cost
Tuition	$57,150
Living Expense: Housing	$12,330
Living Expense: Food	$6,760
Books, Course Materials, Supplies, Equipment	$800
Transportation	$500
Miscellaneous Personal Expenses	$750
Loan Fees	$70
Total	$78,360

Living With Parent

Expense	Cost
Tuition	$57,150
Living Expenses: Housing and Food	$4,090
Books, Course Materials, Supplies, Equipment	$800
Transportation	$500
Miscellaneous Personal Expenses	$750
Loan Fees	$70
Total	$63,360

Third and Fourth Year Cost of Attendance: 2023-2024 Academic Year*

Tuition is actual. On-campus housing is based on the average cost of all available housing. Food considers 21 meals per week. Actual costs may vary by student choices.

On-Campus/Resident

Expense	Cost
Tuition	$57,150
Living Expense: Housing	$12,330
Living Expense: Food	$4,660
Books, Course Materials, Supplies, Equipment	$800
Transportation	$500
Miscellaneous Personal Expenses	$750
Loan Fees	$70
Total	$76,260

Off-Campus

Expense	Cost
Tuition	$57,150
Living Expense: Housing and Food	$10,000
Books, Course Materials, Supplies, Equipment	$800
Transportation	$500
Miscellaneous Personal Expenses	$750
Loan Fees	$70
Total	$69,270

Treatment of Privately-Funded Awards and Awards from Other Outside Sources

Non-Need Based Financial Aid Packages

Privately-funded scholarships, state grants and grants from other outside sources are added to Loyola's institutionally-funded academic scholarships, endowed scholarships, or Resident Assistantships up to a maximum of full-tuition, fees, room, and the standard meal plan allowance.

The tuition portion of U.S Army ROTC Scholarships and Federal Veterans Administration/Yellow Ribbon Program benefits will be substituted for Loyola's institutionally funded scholarships since these awards may only be applied to tuition charges.

Need-Based Financial Aid Packages

Loyola's policy is to package outside scholarships as favorably as possible. These awards are added to meet any unmet need first and then substituted for self-help forms of financial aid (work and/or loans). Institutional grant and/or scholarships are reduced only if the outside awards exceed the amount of unmet need and self-help aid. These awards are applied evenly to the student's account between the fall and spring semesters unless otherwise specified by the donor.

Students are required to notify the Office of Financial Aid of any outside scholarships. Federal regulations require Loyola to include these awards in a student's total financial aid package.

Annual Determination of Financial Aid Eligibility

Eligibility for all forms of need-based federal, state, and institutional sources of aid is determined based upon an annual review of the information submitted on the Free Application for Federal Student Aid (FAFSA). Annual changes in the information provided on the FAFSA may affect the Student Aid Index (SAI).

It is important that students submit the FAFSA by the priority deadline each year for maximum consideration of aid.

Terms and Conditions of Aid Awards

Acknowledgment of Financial Aid Package

Admitted applicants and students will be notified via email when a financial aid eligibility decision is made. You will be directed to financial aid self-service to review your aid package and accept or decline the aid offered (loans and work-study).

If you need to reduce the amount of student loan offered, update housing or enrollment status, or report receipt of outside sources of aid, you must notify the Office of Financial Aid in writing at financialaid@loyola.edu. Be sure to include your full name and Loyola student ID number.

If your financial aid package requires a revision or correction, you will be notified via email.

Responsibilities of Financial Aid Recipients

Students are required to notify the Office of Financial Aid of any additional financial aid you receive from sources outside Loyola. Receipt of additional financial aid may result in an adjustment of your financial aid package.

Recipients of Federal Aid must be a U.S. Citizen or eligible non-citizen as defined by the U.S. Department of Education. Some students may be required to submit proof of citizenship status.

Students are required to notify the Office of Financial Aid of any change in name, address, enrollment status, anticipated graduation date, housing status (on-campus, off-campus, with parents), or other changes related to your attendance at Loyola by emailing financialaid@loyola.edu.

Need-based aid is awarded for one academic year at a time. Students must re-apply by completing the Free Application for Federal Student Aid (FAFSA) by the published priority deadline for maximum consideration.

Disbursement Procedures

Financial Aid is awarded for one academic year at a time. The aid offered on your Financial Aid Award Notification provides the annual and semester amount of each award, fall and spring. Award amounts are divided half for the fall semester and half for the spring semester unless otherwise noted.

Financial aid (scholarships, grants, and loans) is disbursed or credited to your Loyola student account no more than 10 days prior to the beginning of each semester. This means you must have accepted your aid and do not have any holds or aid in a pending status. All required documents must have been submitted, and if you are borrowing, you must have completed the required Entrance Counseling and Master Promissory Note (MPN). You must also be registered for the minimum required credits. You can verify these requirements through your financial aid self-service portal.

Unlike other aid programs that are credited to your student account, you will receive Federal Work-Study earnings in the form of a paycheck.

Aid that is disbursed is first applied to the charges on your student account. If the amount of your aid is greater than the charges on your student account, you can expect to receive a refund within 14 days of the start of classes. If you prefer to receive your refund via direct deposit instead of a paper check, instructions are available on the Financial Services website.

Financial Aid

Application Process

First-Year Domestic Applicants

Fall First-Year Applicants

Spring First Year Applicants

Transfer Applicants

Spring Transfer Applicants

International Applicants

Need-Based Financial Aid

Cost of Attendance

Undocumented & DACA Applicants

Returning Students

2024-2025 FAFSA Changes

Scholarships

Merit Scholarships Administered by the Office of Financial Aid

Knott Scholarships

The Maguire Scholars Program Scholarship

Loyola Endowed/Privately Funded Scholarships

Loyola Endowed Scholarship Funds

Additional Loyola Scholarship Opportunities

Army ROTC Scholarship

Maryland State Scholarship and Grant Opportunities

Grants

Loyola Non-Need-Based Awards

Additional Non-Need-Based Awards

Need-Based Grants

Undergraduate Loans

William D. Ford Federal Direct Loan (Subsidized and Unsubsidized)

Federal Direct PLUS Loans

Loyola University Loan

Private Alternative Education Loans

Federal Work-Study

Title 38 Policy

Monthly Payment Plan

Tuition Exchange Programs

The Tuition Exchange Program, Inc.

The FACHEX Program

Financial Aid Policies

Appeal Policy

Reconsideration of your 2024-25 Aid Eligibility

Office of Financial Aid Code of Conduct Policy

Code of Conduct

Conflict of Interest

Ban on Revenue Sharing Arrangements

Gift Ban

Contracting Arrangements Prohibited

Interaction with Borrowers

Prohibition on Offers of Funds for Private Loans

Co-branding

Ban on Staffing Assistance

Advisory Board Assistance

Financial Aid Eligibility

Federal Financial Aid and Repeated Courses Policy

Federal Verification

Merit and Non-Need-Based Grant Retention Policy

Loyola Merit Awards

Name

Retention Requirements

Loyola Non-Need-Based Grants

Name

Retention Requirements

Required Courses for Federal Financial Aid Policy

Return of Title IV Funds Policy

Satisfactory Academic Progress (SAP) Policy

Student Expense Budgets Policy

Study Abroad Policy

Financial Aid Eligibility, Terms and Conditions

Academic Scholarships

Need-Based Financial Aid

Treatment of Privately-Funded Awards and Awards from Other Outside Sources

Annual Determination of Financial Aid Eligibility

Terms and Conditions of Aid Awards