Though the Graduate School of Social Work, students may attend the Carthage Campus in Kenosha, Wisconsin through a summer intensive program to complete the Master in Social Work.  Students in this program are financial aid eligible for Federal Direct Stafford Loans, Federal Direct Graduate PLUS Loans and for alternative student loans.  Students are awarded financial aid for one-term enrollment, with Federal Direct Stafford Loans not to exceed one-half of the academic year maximum for any one term. 

For students beginning in Summer 2011:

• Summer 2011: students must file the 2010-2011 FAFSA and can be packaged for approximately $10,250 between the subsidized Federal Stafford Loan and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance. 
• Fall 2011: eligibility is determined from the 2011-2012 FAFSA and can be packaged for $6,833 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $2,833) and the unsubsidized Federal Stafford Loan.  Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.
• Spring 2012: students must file the 2011-2012 FAFSA and can be packaged for $6,833 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $2,833) and the unsubsidized Federal Stafford Loan.  Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.
• Summer 2012: students must file the 2011-2012 FAFSA and can be packaged for $6,833 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $2,833) and the unsubsidized Federal Stafford Loan.  Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.

For students who began in Summer 2010:

• Spring 2011: students must file the 2010-2011 FAFSA 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 2012: students must file the 2011-2012 FAFSA and can be packaged for $6,833 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $2,833) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.
• Fall 2011: eligibility is determined from the 2011-2012 FAFSA and can be packaged for $6,833 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $2,833) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.
• Spring 2012: students must file the 2011-2012 FAFSA and can be packaged for $6,833 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $2,833) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.
• Summer 2012: students must file the 2012-2013 FAFSA and can be packaged for $6,833 maximum between the subsidized Federal Stafford Loan (subsidized Federal Stafford Loan maximum = $2,833) and the unsubsidized Federal Stafford Loan. Graduate PLUS or alternative loans can be borrowed by the student to the remaining cost of attendance.

Loan funds are disbursed to Loyola University Chicago and applied by 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.

To learn more consult Your Guide to Financing a Loyola Graduate Education (PDF).