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Finalizing My Award

Finalizing your financial aid award is easy! Once Loyola University has received your FAFSA information, the Office of 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.

In just Four Easy Steps you can create your account and submit your documentation. 

1.    Go to http://loyno.verifymyfafsa.com

2.    Click ‘Create Account’ link, you must have your student ID #: «AltId» to complete

3.    Enter/confirm your student information

4.    Click ‘Create Account’ button

Once your account is created, any required tasks you need to complete will become available.

Your Success, Our Top Priority

Providing the best student experience is important to us.  Loyola Office of Financial Aid wants you to be able to complete your verification forms for financial aid on your own time, on the device of your preference.

We are here to assist you so please reach out if you have questions!

Accepting Your Financial Aid Award

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

Pay your Tuition and/or Housing Deposits AND

If your financial aid award includes a Federal Direct Student Loan: 

If you wish to DECLINE the student loans or change any amounts to the loans please email us at finaid@loyno.edu.

Parent PLUS Loans

If you are a dependent student, your parent(s) can apply for a federal Parent PLUS Loan with a fixed interest rate. Applicants must be creditworthy, and filing the FAFSA is required. Parent PLUS Loans are not certified until you’ve been accepted to Loyola and paid a commitment deposit to attend the University.

Your parents should use studentaid.gov  for additional information when they are ready to start a PLUS loan application. Parents will need the same PIN used for the FAFSA when completing the loan application.