Employee Benefit Programs
Faculty-Staff Tuition Remission Benefit Program
Loyola’s tuition remission benefit provides opportunities for educational development for eligible employees, their spouses and dependent children. For a qualifying student to participate, a Tuition Waiver Request Form must be completed each semester in which enrollment is requested. This form should be returned to the Department of Human Resources before classes begin, but no later than the last day of late enrollment as listed on the Academic Calendar. For program details and procedures, visit the Human Resources Tuition Remission Policy page.
FACHEX is an acronym for the Faculty and Staff Children Exchange Program. It is an undergraduate tuition remission program for the children of full-time faculty, administration and staff of the participating institutionsin the Association of Jesuit Colleges and Universities. It permits children eligible for tuition remission at their home institution (parent’s employer) to receive the same benefit from another of 26 Jesuit schools. For program details and procedures, visit the Human Resources FACHEX Policy page.
Effect of These Programs on Merit Scholarship Eligibility
Both of these programs normally cover the cost of full-time tuition for undergraduate students.
Since Loyola's institutional merit scholarship program also only provides tuition assistance, students cannot simultaneously receive aid from both programs. The value of the employee benefit program is normally higher than a merit scholarship; therefore, a student's merit scholarship program eligibility will be suspended when the Office of Undergraduate Admissions or the Human Resources Office confirms eligibility under the employee tuition remission program.
If a student's parent changes jobs and forfeits their eligibility under either employee benefit program, the student's original merit scholarship will be reinstated (assuming that the student is meeting all merit scholarship renewal requirements)
Other Employee Based Tuition Assistance Plans
If a dependent student qualifies for tuition assistance from their parents' employer, we must count it as a resource in determining a student's eligibility for additional "need-based" financial aid.
Loyola's institutional merit scholarship program only provides tuition assistance. The total amount that a student can receive under both programs cannot exceed the cost of tuition and mandatory fees and on-campus room and board.
- Employer Reimbursement Program (for STUDENTS whose employers' will be paying their tuition bill)
Updated April 17, 2012