Loyola University Chicago

Financial Aid Office

Loans

Loyola University Chicago 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 Stafford Loans, Perkin's LoansPLUS Loans and Nursing Student Loans from the U.S. Department of Education, rather than from private banks and credit unions. To learn more about the application process for federal student loans, see the Loan Specifics page.
  • Private Loans: Students and/or parents can take out private loans cover the cost of tuition and other expenses. For more information, see our Private Loans page.

Loan disclosure information is provided by the Department of Education when students sign the Master Promissory Note (MPN) and complete Loan Entrance Counseling. Student may track their borrowing history at NSLDS.ed.gov and explore repayment options at studentloans.gov. We encourage students to borrow the least amount possible and to use Loyola's installment plan for payments to either avoid borrowing or to reduce their debt.

For detailed information on loan processes and procedures at Loyola, please review the helpful links below:

Loan Specifics

The Basics

Loan Guide

Disbursement Information

For information about loan options available to students at our Strich School of Medicine (SSOM), please visit their website.

For more information about your loan options, please contact the Financial Aid Office at 773.508.7704 or lufinaid@luc.edu.