Eligibility for financial aid depends on a number of factors, ranging from your academic accomplishments to your family’s financial circumstances. Whether you’re interested in scholarships, federal need-based loans, or a blend of all available types of aid, the only way to find out the full array of aid that your family qualifies for is to complete the FAFSA.
If you’ve been admitted to Loyola, then you’re already being considered for merit-based financial aid! All students admitted to Loyola University New Orleans are automatically considered for merit scholarships based on the information they put on their application for admission. Factors such as academic achievement, standardized test scores, and community service are considered in awarding merit scholarships. You don’t need to do anything else to apply for institutional merit scholarships—any merit awards you are eligible for will be included in your financial aid award packet.
To be considered for need-based aid at Loyola University New Orleans, you must first complete and submit the FAFSA. We encourage you to complete the FAFSA as soon as possible after January 1, 2014—some forms of aid run out, so the earlier you apply, the more likely you’ll receive a maximum award.
Completing the FAFSA is a good idea even if you don’t think your family qualifies for need-based aid. Filing a FAFSA is free and makes you eligible for non-need-based programs as well.
Once your FAFSA has been filed and processed, you will be considered for federal need-based financial aid, Louisiana state aid (if you reside in LA), and Loyola-specific financial aid programs.
Students must meet the following requirements throughout their time at Loyola to remain eligible for federal and state financial aid programs:
Loyola merit scholarships are automatically renewed each year as long as students remain enrolled full time and maintain the GPA specified for that scholarship.