HEOA Disclosures-Financial Aid Information

The Higher Education Opportunity Act of 2008 (H.R. 4137) was signed into law on August 14, 2008. This Law mandates that we provide you with a significant amount of additional information in a variety of formats.

We will post all summary information on this page so that it is easily accessible to the community. Links to additional detailed information within the web site will also be provided. This page concentrates on Financial Aid and Scholarships.

General Financial Aid Information

Office of Scholarships and Financial Aid   - check the site index to find a direct link to a  particular topic.  Some links noted on this page go to the general subject page.

• Financial Literacy Efforts
• Availability of employees for information dissemination -Office of Scholarships and Financial Aid (staff listing)
• The rights and responsibilities of students receiving aid;
  • Rights and Responsibilities
  • Federal Student Aid Penalties for Drug Convictions

Financial Aid Programs

• Need-based and non-need-based federal financial aid programs descriptions;
  • Student Aid on the Web
  • Post-Secondary Student Financial Aid Facts
  • Federal Student Aid Program changes since 2009
• Need-based and non-need based state and local aid programs, school aid programs, and other private aid programs;
  • Office of Scholarships and Financial Aid web site
    • "Outside" Scholarship Programs
    • Programs for students from Louisiana
    • Contact Addresses for other state agencies
• How the school distributes aid among students;
  • Applying for Undergraduate Aid
    • Information on Average Awards Reported to the Department of Education (click on the financial aid link - bear in mind the lag in posting data to this site )
  • Applying for Aid - Graduate and Professional Students
  • Common Data Set Reports (by academic year) - Section H provides information about projected financial aid awards 
• How and when financial aid will be disbursed;
  • Undergraduate Student Aid and Your Bill
  • Graduate Student Aid and Your Bill
• Contacts for information on student financial assistance and general institutional issues that a student may be eligible for FSA program funds for attending a study abroad program that is approved for credit by the home school;
  
  • Study Abroad

The terms and conditions of any employment that is part of the financial aid package;

• The Federal Work Study Program  - general program information from the Department of Education's website, Student Aid on the Web
• Student Employment
  • Work Study - Loyola University program information

Student Loan Issues

• Transiton to the Federal Direct Student Loan Program
• Average Loan Debts for Graduating Seniors
• Undergraduate Student Loan Repayment
• Graduate and Professional Student Loan Repayment
• Consequences of Defaulting on a Federal Student Loan
• Code of Conduct for Staff Members in the Office of Scholarships and Financial Aid
• HEOA and the Truth in Lending Act
• Entrance Counseling for Student Loan Borrowers
  • "Christopher's Law"
• Exit Counseling for Student Loan Borrowers 
• The terms and conditions under which students receiving federal education loans may obtain deferments while serving in the Peace Corps; under the Domestic Volunteer Service Act; and as a volunteer for a tax-exempt organization of demonstrated effectiveness in the filed of community service;
  • Undergraduate Student Loan Repayment
  • Graduate and Professional Student Loan Repayment
  • Community Service Programs

Criteria for measuring satisfactory academic progress, and how a student who has failed to maintain satisfactory progress may reestablish eligibility for federal aid.

• Undergraduate Satisfactory Academic Progress Policy
• Graduate Student Satisfactory Academic Progress Policy
• MSN Satisfactory Academic Progress Policy

The costs of attending the school (tuition and fees, books and supplies, room and board)

• Tuition and Fees
• Applicable transportation costs, such as commuting) and any additional costs of the program in which the student is enrolled or has expressed an interest;
  • Calculating Living Expenses
• Calculators - links on this page will let you calculate how much you will owe to Loyola after all of your aid has been credited against your outstanding charges for tuition and fees and on-campus room and board plans.  There are additional calculators to help you explore loan repayment options and college savings plans.
  • Net Price Calculator  (for first year incoming undergraduates only)

A statement of the requirements for the return of Title IV funds when a student withdraws from school, information about any refund policy with which the school must comply, and the requirements for officially withdrawing from the school;

• Federal Financial Aid Refund Policy
  • University Refund Policy
  • University Bulletin

Updated November 21, 2012