Financial Aid for Graduate and Professional Students
The Student Finance Office coordinates all billing . You can find a detailed listing of tuition and fee charges on their site. The Bursar's Office handles payments, including credit card and e-check options
The Student Records Office handles all paperwork required by the U.S. Department of Veterans Affairs for students who are eligible for educational benefits under the G.I. Bill
School Specific Information
- College of Business
- College of Law
- School of Nursing
- The Louisiana Education Loan Authority("LELA") introduced the HELP Nurses Loan Program effective July 1, 2007
- MSN Blend Program
Federal Aid Programs
The U.S. Department of Education estimates that 90 million individuals participate in some form of adult education each year, including training and basic education offered outside traditional higher education. The Department's website provides some specific information for adults who are considering returning to school for a graduate or professional degree.
Another useful resource is Financing Graduate Education: A Guide for Prospective Students . This short brochure was compiled by the Graduate and Professional Issues Committee of the National Association of Student Financial Aid Administrators ("NASFAA")
Students who are enrolled on at least a half time basis (5 hours per semester for graduate students) in a degree seeking program can apply for federal student loan funds to help with the cost of their education.
Application Process:
- Complete the Free Application for Federal Student Aid (or "FAFSA"). We encourage students to complete the form online at http://www.fafsa.ed.gov/. Our school code is 002016.
- Once we receive your processed FAFSA AND you have been accepted into a degree program at Loyola University New Orleans, we will calculate your eligibility for
Federal Stafford Loans and Federal Graduate PLUS Loans
.
- Thiry percent of all applications are randomly picked for "verification" by the federal processor. This means that you will need to complete and submit the Federal Verification Worksheet before we can finalize your award
- 2007-2008 Federal Verification Worksheet (Adobe Acrobat file)
- 2008-2009 Federal Verification Worksheet (Adobe Acrobat file)
- Thiry percent of all applications are randomly picked for "verification" by the federal processor. This means that you will need to complete and submit the Federal Verification Worksheet before we can finalize your award
- Counselors will post your eligibility to your account on Loyola University's Online Records Access System (or "LORA"). For incoming students only. counselors will also automatically send a traditional paper award letter to your permanent home address. Returning students will be notified when their awards have been posted to LORA and will be given the option to request a paper award letter.
- If you choose to utilize the federal student loan programs while at Loyola, you must "accept" the loan and choose a lender . If you are borrowing for the first time, you must complete an online loan entrance counseling session .
- If you have never borrowed before under the Federal Student Loan Program, you may find some useful tips on the following Internet sites:
- How to Choose and Evaluate Lenders from the U.S. Department of Education's Student Aid on the Web
- The Project on Student Loan Debt's Comparing Discounts on Federal Student Loans
- Students who are applying for aid for the 2008 Summer Session must complete a separate application to detail projected enrollment. This application will be online after April 1, 2008. For federal aid programs, summer is "attached" to the 2007-2008 academic year. This means that you must have the 2007-2008 FAFSA on file
- Students who are offered financial aid for the summer must complete and submit the 2008 summer financial aid response form . This form will be available onlie as of April 1, 2008.
Private Alternative Loan Programs
Check this page for information about credit-based, private (versus federal) student loans
Aid and Your Bill
Check this page for information about how your aid will be processed and credited to your account with the Student Finance Office.
Repaying Your Loans
Check this page for information about repaying your student loans . This page also includes the link for all online "Exit Counseling" sites
Breaking News
Other References
- Financial Management Tips for Graduate Students
- "Outside" Scholarships for Graduate Study -this is information that has been sent to our office.
- National Student Loan Data System for Students
Satisfactory Academic Progress Standards for Renewing Federal Aid
- Satisfactory Academic Progress Guidelines for Law Students
- Satisfactory Academic Progress Guidelines for Graduate Students
