| Tuition |
$25,016.00 |
| Room & Board |
10,490.00 |
| Fees |
786.00 |
| Total: |
$36,292.00 |
Fees include entry to the Halas Sports Center,
libraries, all activities on campus and CTA U-Pass.
As a private educational institution, St. Joseph Seminary at Loyola
University recognizes that many students usually find a gap between
what they and their families can contribute, and what it costs to
attend college. Grants and the work-study program fill that gap. Grant
sources can be the federal government, the State of Illinois,
miscellaneous outside sources, or the college itself. In addition to
grants, St. Joseph's work-study program provides jobs on campus.
A student demonstrated need is determined from a review
of the Free Application for Federal Student Aid (FAFSA). A
determination is made of the estimated resources available to the
student. The difference between these resources and the institutional
budget determines the demonstrated financial need.
Once the FAFSA is filed, students who are U.S. citizens or permanent residents are eligible for financial assistance from the following listed programs which
are administered by the Office of Student Financial Assistance at Loyola University.
ILLINOIS STATE MONETARY AWARDS are awarded on the basis of financial
need and Illinois residency. The amount of the award varies. The
individual dollar amount is subject to annual appropriations by the
Illinois General Assembly. For the 2008-09 academic year, the maximum award amount is $4968. Undergraduates, who have
not already received a baccalaureate degree and/or have not completed
150 semester hours, are eligible to receive up to five years of
full-time assistance under this program. Undergraduates enrolled for at
least 6 credit hours each term may be eligible for assistance.
PELL GRANTS are awarded on the basis of financial need.
The amount of the award varies. For the 2008-09 academic year the
maximum is $4,731. Undergraduates enrolled for at least 6 credit hours
each term may be eligible for assistance.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS
(FSEOG) are for undergraduates with exceptional financial need, that is,
students with the lowest Expected Family Contributions (EFCs) - and
gives priority to students who receive Federal Pell Grants. The maximum
FSEOG for 2008-09 is $4000.
ST. JOSEPH SEMINARY AWARDS are Archdiocesan Grants issued from the
college on the basis of financial need. The amount of grant money
varies. These awards are in addition to the Archdiocesan subsidy which
every student receives.
STAFFORD LOAN (formerly called Guaranteed Student Loans) are awarded on
the basis of financial need and are available through banks and other
lending institutions. The college is not a lender under this program.
Depending upon their financial need and the availability of funds,
full-time undergraduates may borrow up to $3,500 per year for freshmen,
$4,500 for sophomores and $5,500 per year for juniors and seniors. Students
enrolled for at least six credit hours per term are eligible to apply
for these loans. Additional information regarding this program is
available through the Financial Aid Office, lenders and State
Guaranteed Loan Agencies. You must complete the FAFSA to be eligible for this loan.
PLUS loans are available through banks and other lending
institutions. The College is not a lender under this program. The
borrower may borrow no more than the total cost of education minus any
financial aid received. It has a variable rate which is determined on
July 1 of each year according to a prescribed formula. Repayment begins
on the date the loan is disbursed, with the first payment due within 60
days of the loan's disbursement. Information regarding repayment of
this loan is available from the lender. Additional information and
applications are available from banks and other lending institutions.
PERKINS LOAN is a federal low-interest loan for
both undergraduate and graduate students with exceptional financial
need. Your school is your lender. The loan is made with government
funds with a share contributed by the school. You must repay this loan
to your school.
You repay this loan depending on when you apply, your
level of need, and the funding level of the school, you can borrow up
to $4,000 for each year of undergraduate study (the total amount you
can borrow as an undergraduate is $20,000.) $6,000 for each year of
graduate or professional study (the total amount you can borrow as a
graduate/professional student is $30,000, including any Federal Perkins
Loan you borrowed as an undergraduate.
Maximum amounts for Stafford Loan
|
| |
Freshman |
3,500.00 |
| |
Sophomore |
4,500.00 |
| |
Junior |
5,500.00 |
| |
Senior |
5,500.00 |
| Maximum State Grant |
4,968.00 |
| Maximum Federal Pell Grant |
4,731.00 |
| Maximum FSEOG |
4,000.00 |
| Maximum Perkins |
4,000.00 |
| Maximum Work-Study |
2,500.00 |
INSTITUTIONAL WORK-STUDY is awarded to all students. It provides jobs
for students in-house and will pay minimum wage. The money
earned from working goes directly to pay tuition.
FEDERAL WORK-STUDY program provides jobs for those
students with financial need (if requested). Wages will be minimum wage and the total award depends on your level of need.
Students can apply online as of January 1, 2008. Students are encouraged to secure, complete, and submit
their applications as early as possible. We ask that you apply by March
1st. Use school code 001710, Loyola University Chicago.
Go to the Department of Education's
website www.fafsa.ed.gov and apply.
www.Fastweb.com Scholarship
search service
www.students.gov US Government
portal for students
www.finaid.org General financial
aid information
www.luc.edu Loyola University Chicago
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