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 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 2008-2009 was $4,731.
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.
Academic Competitiveness Grant
The Academic Competitiveness Grant is a federal grant available to first or second year students receiving a Federal Pell Grant. Eligible students must have completed a rigorous secondary school program as defined by the U.S. Department of Education. Grant amounts are $750 for first-year students and $1,300 for second-year students.
National Science and Mathematics Access to Retain Talent (SMART) Grant
The National SMART Grant provides $4,000 federal grants in the third and fourth years of undergraduate study. Students must be eligible for a Federal Pell Grant and major in one of the following fields: physical, life, or computer sciences; mathematics; technology; engineering; or a foreign language determined to be critical to national security. (All eligible majors are defined by the U.S. Department of Education.)
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.
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 2008-2009 was $4,968. 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 by August 15 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.