Applying for Need-Based Aid-Graduate and Professional Students

Complete the Free Application for Federal Student Aid ("FAFSA")

We encourage students to complete the form online at http://www.fafsa.ed.gov . Our school code is 002016.

You must complete the FAFSA for every year you are enrolled. This is your initial application for all federal  "need-based" aid programs. Currently enrolled Loyola University New Orleans' students should complete and submit their "Renewal" FAFSA for the 2009-2010 academic year by May 1, 2009.

Finalizing and Accepting Your Award

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. 

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.

Thirty 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. Learn more about the verification requirements for federal financial aid programs.

Choosing Your Federal Stafford / Grad PLUS Lender

Students are free to work with the lender of their choice. This page will provide you with links to information to help you make an informed choice. NOTE:  We anticipate that the Congress will pass legislation which mandates that all students borrow through the Federal Direct Loan Program starting with the 2010-2011 academic year. 

Satisfactory Academic Progress Requirements

All federal student aid recipients must maintain "satisfactory academic progress" towards completing their degree requirements

Updated October 10, 2009