Grants
Need-Based Financial Assistance Programs
Several kinds of need-based programs are available to help you attend Loyola University Chicago, including: grants, which are not subject to repayment; self-help programs, which may take the form of a part-time employment program; or a low-interest loan with repayment deferred until after graduation.
Grant Assistance for undergraduate students
The FAFSA is the application for all need-based grant programs at Loyola.
Loyola University Chicago Grants
Loyola assists full-time students by providing grant assistance awarded on the basis of financial need. To be considered for Loyola need-based assistance, the FAFSA should be mailed to the federal processor by Loyola’s March 1 priority application date.
Federal Pell Grant
The Federal Pell Grant program is funded and administered by the U.S. Department of Education. To qualify for a Federal Pell Grant, students must demonstrate significant financial need. The maximum award for 2010-2011 was $5,550.
The U.S. Department of Education determines your eligibility for the Federal Pell Grant. Your Student Aid Report (SAR) indicates your eligibility for the grant.
Federal Supplemental Educational Opportunity Grant (SEOG)
The Federal SEOG is a campus-based program. Students with exceptional financial need are given priority for these limited funds. SEOG is awarded to students who qualify for a Federal Pell Grant.
Silas Purnell Illinois Incentive for Access (IIA) Program Grant
College freshmen who are Illinois residents (or dependents of Illinois residents) and have an expected family contribution of $0 may be eligible to receive the Silas Purnell IIA Program Grant for up to $500, if the state of Illinois is available to provide funding.
State of Illinois Monetary Award program (MAP) Grant
MAP grants are awarded to Illinois residents attending in-state colleges and universities. Illinois residents apply for the MAP grant by submitting a FAFSA. The maximum award for 2010-2011 was $4,843, which included a 5% reduction. Due to funding, the state suspended funding on or after March 25, 2011. The award is restricted to tuition and mandatory fees.
If you submitted a FAFSA in the last academic year, you must submit a renewal FAFSA to be eligible for full-year consideration for MAP. If you did not submit a FAFSA in the last academic year, you must apply by September 30. However, in recent years, processing has closed prior to the deadlines. It is to your advantage to apply as early as possible. Please note: the August 15 deadline for continuing students and the September 30 deadline for first-time applicants are program deadlines for MAP only and do not apply to Loyola need-based assistance.
Grant Assistance for undergraduate or Graduate students
Teacher Education Assistance for College and Higher Education (TEACH) Grant
The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides up to $4,000 per year for students admitted to an eligible teacher preparation program. Student applicants must teach full-time in high-need subject areas for at least four years at schools that serve students from low-income families or the grant is converted to an Unsubsidized Federal Stafford Loan.
