Loans
草莓社区 students have a number of borrowing options available to them, including:
Federal Student Loans
Loyola is a participant in the William D. Ford Federal Direct Student Loan (Direct Loan) Program. Direct Loans are low-interest loans for students and parents to help finance the cost of education at the post-secondary level. Under the Direct Loan Program, students will work with the Financial Aid Office to obtain Federal Direct Loans, PLUS Loans, and Nursing Student Loans from the U.S. Department of Education. To learn more about the application process for federal student loans, see the Loan Specifics page.
Private Loans
Private or alternative loans are loans that allow students or parents to borrow from banks and other financial institutions. They are allowed to cover the cost of tuition and other school-related expenses, up to the federal Cost of Attendance (COA) allowance for the year. Loyola does not keep a referred lender list, but we strongly encourage students and parents to use , a free resource to compare private loans details such as interest rates, repayment terms, and eligibility requirements. For more information, see our Private Loans page.
*The "Allowance for Addl Borrowing" on your financial aid award shows the estimated maximum amount you can borrow in a federal PLUS loan and/or a private loan. If you feel this amount does not adequately reflect your expenses, please review the Budget Adjustment Appeal form found on our forms page.
Loan disclosure information is provided by the Department of Education when students sign the and complete . Student may track their borrowing history at and explore repayment options at . We encourage students to borrow the least amount possible and to use Loyola's for payments to either avoid borrowing or to reduce their debt.
For detailed information regarding loan options at Loyola, please review the helpful links below: