Your Financial Aid Package
In This Section:
Information for Entering Undergraduates | Information for Entering Graduate and Professional Students | Billing Information
Information for Entering Undergraduates
Before you make a final decision about the college you will attend, please be sure to CAREFULLY review the financial aid packages that you receive from each school so that you understand what aid is being offered and what expenses will need to be covered by your family.
Gift aid such as grants and scholarships are ideal, but limited. Students can choose to decline any federal student loans or work study awards that are included in their aid package.
- Guide to Financial Aid Award Letters
- How Do I Compare Award Packages?"
- College Cost Comparison Tool from the Consumer Financial Protection Bureau
- Know Before You Owe from the Consumer Financial Protection Bureau
- College Affordability and Transparency Center
When doing so, consider the amount of your federally-calculated expected family contribution (EFC) and the amount offered in "self-help" aid such as work programs and student loans. There may also be unmet need—your need for aid that the school may be unable to fund—meaning that you or your parents may need to consider additonal financing options.
- Verification Requirements for Federal Aid Programs
- Federal Student Aid Penalties for Drug Convictions
- Additional Resources from the National Association of Student Financial Aid Administrators
Information About Your Loyola Aid Package
Renewal Requirements for Institutional Aid Programs:
- Merit Scholarships and Need-Based Grants
- Remember, if you qualified for the Campus Visit Tuition Credit, that is a one-time award
Renewal Requirements for Louisiana Grant and Scholarship Programs:
Renewal Requirements for Federal Grants. Loans, and Work-Sudy Programs
- Students must annually complete the Free Application for Federal Student Aid ("FAFSA")
- Students must also maintain"satisfactory academic progress" towards completing their degree objectives
Policy on "Other Aid":
If you are participating in any "need-based" institutional, federal or state "need-based aid program, you must report any other aid that you are receiving to the Office of Scholarships and Financial Aid
How Much Does It Cost to Attend Loyola?
Families need to carefully look at the estimated "cost of attendance" for the academic year as they will be responsible for meeting the difference between the cost and all aid received.
Keep in mind that your aid package may not cover all of your costs during the academic year.
- Tuition and Related Charges - Full time tuition for the 2012-2013 year will be $33,846. Average University fees will be approximately $1,086 PLUS a one time fee of $250 for New Student Orientation
- Cost of Attendance Worksheet
If you choose to utilize any federal loan program, remembern you must repay that loan with interest. Remember to include that cost when you are looking at the overall costs of attending Loyola.
Information for Entering Graduate and Professional Students
- Understanding Your Financial Aid Award Package (Law)
- Understanding Your Financial Aid Award Package (incoming graduate + professional students)
How Will I Receive My Aid? When Will I Receive a Bill?
- When Will You Receive A Bill
- Aid and Your Bill (undergrad)
- Aid and Your Bill (graduate)
NOTE FOR FEDERAL WORK STUDY RECIPIENTS: You will receive a paycheck based on the number of hours that you worked during the previous month. Most work study awards assume that students are working approximately 10 hours a week throughout the academic year. Pay is $7.25 /hour. Learn more at Student Employment
Related Topics:
Consumer Disclosures :
Updated April 15, 2012