Policy for Inclusion of a Computer Purchase in a Student's
Cost of Attendance
The Higher Education
Amendments of 1998 included a provision that allows an institution, on a
case by case basis, to include in a student's cost of attendance ("COA")
the actual, documented cost of a personal computer. Allowing
inclusion of the cost is not based on any particular program of study or
program requirement. The following policies and procedures will be in effect
for Loyola undergraduate, graduate, and professional students:
- The maximum allowance
for purchase of a computer is $2,500, which can include the cost of
a printer.
- Requests for inclusion of costs for maintenance and / or
repair of a computer will not be considered. However, the cost of a
maintenance contract or extended warranty, purchased along with the
computer can be included.
- The cost of software,
printer cartridges, paper, monthly online service fees, etc. will be
assumed to be covered by the books and supplies and miscellaneous allowances
already included in the student's
cost of attendance.
- Expenses for the
cost of leasing a computer (as an option to purchasing) can be considered.
The monthly lease amount for each academic year will be considered, up to a career maximum of $2,500.
- In order to have
the cost of the purchase of a computer added to the cost of attendance,
the student must provide a written request to the Financial Aid Office,
with a dated receipt/proof of purchase attached. Therefore, the
computer must be purchased prior to the request for coverage .
- The purchase must
have occurred no earlier than 90 days prior to the request.
- Inclusion of the
cost of the computer (or an upgrade) will be allowed only once per program
of study (once for undergraduate studies, once for graduate studies).
- Scholarship funds
are not available to cover the cost of a computer. Students may apply
for federal
or alternative educational loan funds.
- Students should
consult with a Financial
Aid Counselor to find out about loan eligibility.
- Requests must be
submitted no later than March 1st for the current academic year.
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