While private loans can be a viable option to cover remaining costs, they require careful consideration of interest rates and repayment terms, and should generally be pursued after exhausting all free aid and federal loan options. The Critical Role of the FAFSA To unlock the majority of Loyola’s federal, state, and institutional financial aid, completing the Free Application for Federal Student Aid (FAFSA) is an essential and non-negotiable step.
Meeting Demonstrated Financial Need at Loyola: A Guide to FAFSA and Grants
Loyola provides detailed COA breakdowns for undergraduate and graduate students, which serve as a vital baseline for any financial planning. By thoroughly analyzing the COA, actively pursuing every form of financial aid and scholarship, and utilizing the resources provided by the university’s financial aid office, the goal of making a Loyola education a reality becomes significantly more attainable.
The university also charges mandatory fees that cover services like student activities, health services, and technology access. Need-Based Grants: Federal and institutional grants, which do not require repayment, are awarded based on financial need determined by the FAFSA.
Meeting Demonstrated Financial Need at Loyola: A Guide to FAFSA and Grants
Students are encouraged to research scholarships from local organizations, corporations, and foundations that align with their background, major, or interests. Undergraduate programs, for example, have a different per-credit-hour rate compared to graduate programs.
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