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Undergraduate Students

At the undergraduate level, we sponsor an excellent program of institutionally-funded academic scholarships, need-based grants and athletic grants, in addition to our participation in the major federal and state student aid programs. Parents may also consider additional financing alternatives through the Federal Parent Loan Program (PLUS) and the TMS monthly payment plan. Learn more about undergraduate financial aid.

Undergraduate financial assistance programs include loans, grants, scholarships, and student employment available from federal and state governments as well as Loyola. Federal loans must be repaid; however, the interest rate is usually low and the repayment period is extended. Grants, scholarships, and income earned through student employment do not have to be repaid. Most of these programs are based on financial need as determined by the Free Application for Federal Student Aid (FAFSA).

The type of VA and DOD education benefit for which a student is eligible determines if it is treated as estimated financial assistance when applying for federal need-based aid. Students who qualify for the 100% maximum tuition benefit through Yellow Ribbon and the Loyola and DVA matching grants will forfeit Loyola funded merit, non-need-based and need-based grants previously awarded or for which they would otherwise be considered. Students receiving partial benefits may also experience a change in institutionally funded awards.

You must maintain satisfactory academic progress and complete all your classes. Classes for which benefits will be paid for by the VA must fulfill requirements for graduation in your stated program. Any subsequent programs must be requested and approved by the VA. Summer credits are counted a little differently, so please check with Loyola's School Certifying Official (410) 617-2347 or vabenefits@loyola.edu for more information.

Graduate Students

The office of financial aid administers several types of financial assistance for graduate students. Loan assistance is available through the federal government and private lenders. Assistantships are available through several academic and administrative departments. Additionally, individual departments offer a limited number of fellowships, scholarships and grants to assist students with their education expenses.