Graduate Social Work Dual Degree Program with Erikson Institute
Though the Graduate School of Social Work, a M.S.W. and M.S. in Child Development is offered with the Erikson Institute, an independent institution of higher learning in Chicago. This three-year program are financial aid eligible for Federal Stafford Loans, Graduate PLUS Loans and for alternative student loans.
Financial aid is coordinated between the two institutions, reflective of the student’s study, but a student may receive financial aid only at one institution in any given term.
Financial Aid Eligibility and Application Processing
Application Processing for Students beginning in the following terms:
Fall 2008
Eligibility is determined from the 2008-2009 FAFSA by ERIKSON INSTITUTE and can be packaged for $10,250 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $4,250) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be awarded to the remaining budget.
Spring 2009
Eligibility is determined from the 2008-2009 FAFSA by ERIKSON INSTITUTE and can be packaged for $10,250 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $4,250) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be awarded to the remaining budget.
Summer 2009
Eligibility is determined from the 2009-2010 FAFSA by LOYOLA UNIVERSITY CHICAGO and can be packaged for $10,250 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $4,250) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.
Fall 2009
Eligibility is determined from the 2009-2010 FAFSA by LOYOLA UNIVERSITY CHICAGO and can be packaged for $10,250 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $4,250) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.
Spring 2009
Eligibility is determined from the 2010-2011 FAFSA by LOYOLA UNIVERSITY CHICAGO and can be packaged for $10,250 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $4,250) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be awarded to the remaining budget.
Summer 2009
Eligibility is determined from the 2010-2011 FAFSA by LOYOLA UNIVERSITY CHICAGO and can be packaged for $10,250 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $4,250) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.
Loan Disbursement and Refunds
Loan funds are disbursed to Loyola University Chicago and applied by the Office of the Bursar to the student’s University account. Students receive an email to outline the specifics of each disbursement.
If the funds are in excess of the charges, the remaining amount will be refunded by the Bursar to the student (electronically, if the student has a Direct Deposit profile established in Locus). The student may use the excess credit refund to make reimbursement for book purchases or to cover other educational expenses, as needed.