Aid and Your Bill
Undergraduate Student Information
Loyola's Student Finance Office establishes separate accounts for students. Students are billed for tuition and fees based on their enrollment for the semester. Those who live on campus are also billed for their room charges. Students who enroll for a meal plan will also be charged.
Cost of Attendance for the Academic Year
The "Cost of Attendance" ("COA") or the "Cost of Education" figure noted represents an estimate of what it will cost a full-time undergraduate student to attend Loyola . This figure includes the cost of tuition and fees and allowances for room , board, books, transportation, and a miscellaneous expense allowance.
- 2008-2009 Tuition and Fee Schedule
- Can the cost of purchasing a computer be included?
- Are there special allowances for music students?
- Special Program for Jefferson Parish Sheriff's Officers majoring in Criminal Justice
How your aid will be applied to your bill
Once you accept your financial aid offer, any Loyola merit scholarship funds or a Federal Supplemental Educational Grant will be credited directly to your account as soon as you confirm your registration. If you have completed all the required processing steps for a Federal Pell Gran t , it will be credited to your account after you confirm your registration. Students who are eligible for Pell Grants AND who qualify for the new Federal Academic Competitiveness and "SMART" Grants will receive half of these awards each semester.
A Federal Perkins Loan will be credited to your account after you sign your Master Promissory Note where you accept your legal obligation to repay these funds. One half of these awards are credited each semester.
If you receive a Federal Stafford Loan , the lender will send the funds directly to Loyola each semester for one-half the amount borrowed minus fees. Students applying for their first Federal Stafford loan are required by law to attend an entrance interview session before receiving the loan proceeds. Sessions can be completed online or at the Office of Scholarships and FInancial Aid.
Students who participate in our "streamlined" Stafford application process will receive their funds via an eft transfer into their account with the Student Finance Office. Students who borrow their Stafford funds through a separate lender will receive the funds in the form of a check made payable to you and Loyola. Students whose lenders send checks must must pick up the check at the Bursar's Office within 30 days of its arrival at Loyola.
Federal Work-Study e arnings are not credited; students are paid by check each month. When you arrive on campus, report to the Student Employment Office . You should plan to have sufficient funds available to meet incidental, personal expenses until you receive your first pay check.
Note for Students in Non-Traditional and Online Programs: Proposed legislation in Congress may result in changes to how federal loan funds are disbursed over the course of the semester. Multiple disbursements each semester may be mandated. As more information becomes available, we will post it here.
Students enrolled in online non-traditional programs are not eligible for federal student loan funds until they successfully complete their first class and officially begin their second class for the semester. The Student Finance Office will not release any "excess aid" back to the student UNTIL he/she officially begins the second class for the semester.
Refunds If a student's federal aid for the semester exceeds charges for tuition and fees and on-campus room and board for the semester, the Student Office will automatically issue a refund check to the student.
When a student withdraws from the University before the end of the semester, refunds are calculated according to specific guidelines.
