Finalizing My Award

Finalizing your financial aid award is easy! Once Loyola University has received your FAFSA information, the Office of Scholarships and Financial Aid will calculate your estimated eligibility for the financial aid programs offered at the University. We will send you a Financial Aid Award Packet to your home address. You can also view your financial aid award online through the Loyola Online Records Access (LORA) system.

Your Financial Aid Award Packet tells you what kinds of financial aid you qualify for and how much you have been offered.

Verification

A small percentage of all FAFSA applicants are selected for verification by the U.S. Department of Education. If your FAFSA is selected for verification, your financial aid award will remain tentative until you submit the necessary forms. You will be asked to submit supporting documents for verification.

If you accept your financial aid award, then complete the following steps:

  • Pay your tuition and housing deposits
  • If your financial aid award includes a Federal Stafford Loan, complete your entrance counseling and sign your Master Promissory Note at studentloans.gov.
  • If your financial aid award includes a Federal Perkins Loan, complete your entrance counseling and sign your Master Promissory Note at studentloans.gov.