Student Loans for Loyola University of Maryland
About Loyola University
Loyola University of Maryland is a Roman Catholic institute that was founded in 1852. The main campus of the institute reflects Collegiate Gothic architecture and presents a learning conducive environment. Studying with a student body of about 4,000 undergraduate and 2,600 graduate students can make your time a great experience at this institute. Here you will get the best opportunities to equip yourself with knowledge and skills in your concerned field and turn into qualified professionals.
Loyola Financial Aid
Loyola financial aid is the result of the university’s strong commitment to make education as affordable as possible. You can avail financial aid at undergraduate as well as graduate level. The wide variety of aid programs prove to be highly beneficial for students as they can avail these packages with their specific financial need, educational objectives and academic achievement. Loyola University of Maryland aid includes institutionally-funded programs as well as aid offered by the federal government. To apply for these aid packages you need to complete the FAFSA (Free Application for Federal Student Aid) form online at fafsa.ed.gov and submit before the stated deadline.
The University also participates in the federal and state student aid programs so that most students who want to enroll can benefit from financial aid in one form or the other. Loyola financial aid entails a wide array of packages such as academic scholarships, grants based on need and merit, as well as athletic grants. Parents of students can also avail aid to facilitate their children by applying for the Federal Parent Loan Program and/or the TMS monthly payment plan.
Private Student Loans and Loyola
Although you have bright chances to avail one or the other financial aid options at Loyola, there are some students who may still need to apply for other aid options in addition to the institution and federal aid packages. This is for the reason that the cost of tuition has greatly increased in the recent years. If you are one of the students who want to apply for private student loans to fill the gap, consider using our Student Loan Comparison Tool to compare the terms and conditions of different private loans so that you can make a well informed decision pertaining to your future.
Frequently Asked Questions
Q:Does the Loyola financial aid office award any scholarships at the time of admission?
A:Yes, the Loyola financial aid office considers students for a number of scholarship awards at the time of admission. These awards include the Presidential Scholarship, the Dame Scholarship, the Loyola Scholarship, the Trustee Scholarship, and the Dean’s Scholarship. In addition, students are also considered for the Rambler Award for Freshmen and the Heritage Award for Freshmen, which includes the Chicago Catholic Heritage Award and the Jesuit Heritage Award.
Q:What grant awards are available at Loyola University, Maryland?
A:The Loyola University of Maryland financial aid office offers a number of grant awards for students. Available grants include the Loyola Grant, the Claver Grant, the Athletic Grant, the Maryland Educational Assistance Grant, and the Maryland Guaranteed Access Grant. The financial office also accepts the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant (FSEOG), the Federal TEACH Grant, and the Federal DVA Yellow Ribbon Program.
Q:Exactly how generous is Loyola Law School financial aid?
A:The Loyola Law School has a pretty generous financial aid program, as 85% of students receive some type of financial aid. Even though tuition and fees are payable at the beginning of each semester, the school offers an extended payment plan which allows students to pay their dues in installments.
Pay for Loyola University of Maryland*
|Total Avg. Cost||$52,590|
|Room & Board||$10,650|
|Financial Aid Information|
|Students Receiving Fin Aid||70%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$8,070|
|%Receiving Other Loans||32%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics