Information on Financial Aid at Loyola University

Hey everyone! I'm considering Loyola University as one of my top choices, but finances are a big concern. Does anyone have knowledge or firsthand experience with their financial aid? Thank you!

Loyola University is often praised for its generous financial aid. First off, you'll be glad to hear that Loyola does use the concept of financial need in determining its financial aid packages, attempting to bridge the gap between their cost of attendance and what families can afford, as calculated by the FAFSA.

While working on your application, ensure you have filled out and submitted your Free Application for Federal Student Aid (FAFSA) and CSS Profile. The CSS Profile is used by Loyola to distribute its own funding, so don't skip it. The priority deadline for both is March 1st, but it's best to get them in as soon as possible to maximize your aid.

In terms of scholarships, Loyola automatically considers all incoming first-year students for a range of merit scholarships. These are based on your academic achievements and do not require a separate application.

Loyola also offers a number of specific scholarships for students with unique qualifications, such as the National Merit Scholarship for semi-finalists and finalists in the National Merit Scholarship Program.

If you have significant financial need, Loyola also participates in the Federal Work-Study program, which can help you earn money to pay for expenses during your time in college.

Always use the net price calculator on Loyola's financial aid website to get an estimated cost of attendance.

To sum up, meeting deadlines, making sure that all forms are correctly filled out, and applying for scholarships can all contribute to a favorable financial aid package. If Loyola is your dream school, these efforts can help make it financially feasible!