summer financial aid awards
Eligibility for summer financial aid is determined based on your current enrollment AND the assistance you received during the 2010-2011 academic year. The information below will help you to understand the types of awards considered for you.
Undergraduate
Federal Stafford Loans
-
If you have not borrowed a Federal Stafford Loan this year and have been offered one for Summer, you need to complete a Master Promissory Note. Click here for more information.
-
If you borrowed a Federal Stafford Loan during the year and were offered a loan for Summer, you need to complete a Master Promissory Note to have this loan processed for Summer.
-
If you are not awarded a Federal Stafford Loan for Summer, you borrowed the maximum during the academic year.
Reduce/Reject Direct Federal Stafford Loan
If you want to Reduce/Cancel the loan(s) offered, log into Locus and under 'View My Financial Aid Award', choose ACCEPT/DECLINE AWARD offered in the Summer 2011.
Allowance for Additional Summer Loans
The amount listed as [Allowance:Addl Loan-Summer] represents the maximum amount that you COULD borrow through a credit-based alternative or your parent could borrow through a Direct Federal PLUS Loan this summer. This amount reflects the estimated direct and indirect costs associated with Summer 2011. As an undergraduate student, these additional loans can be either Direct Federal PLUS Loans (borrowed by parents of dependent undergraduate students enrolled at least half-time for summer) or Alternative Loans (borrowed by the student, usually with a credit-worthy co-signer).
If you decide to apply for a loan, you can begin the application process now. Loyola will be notified electronically by the lender if you are approved so that we may certify your eligibility for this loan. You are encouraged to only borrow the amount that you actually determine that you need, rather than the maximum allowed.
Viewing your Summer Financial Aid Award
Summer 2011 Financial Aid Eligibility, is available in LOCUS. Go to the 'Finance' menu, look under 'View My Financial Aid Award' and choose 2011 as the 'Aid Year.'
If you are unable to view your Summer 2011 Financial Aid Eligibility in LOCUS, or if you would prefer a paper version, please e-mail OSFA.
graduate and professional students
Viewing your Summer Financial Aid Award
Summer 2011 Financial Aid Eligibility, is available in LOCUS. Go to the 'Finance' menu, look under 'View My Financial Aid Award' and choose 2011 as the 'Aid Year.'
If you are unable to view your Summer 2011 Financial Aid Eligibility in LOCUS, or if you would prefer a paper version, please e-mail OSFA.
Federal Stafford Loans
-
If you have not borrowed a Federal Stafford Loan this year and have been offered one for Summer, you need to complete a Master Promissory Note. Click here for more information.
-
If you borrowed a Federal Stafford Loan during the year and were offered a loan for Summer, you need to complete a Master Promissory Note to have this loan processed for Summer.
-
If you are not awarded a Federal Stafford Loan for Summer, you borrowed the maximum during the academic year.
Reduce/Reject Stafford Loan
If you want to Reduce/Cancel the loan(s) offered, log into Locus and under 'View My Financial Aid Award', choose ACCEPT/DECLINE AWARD offered in the Summer 2011.
Allowance for Additional Summer Loans
The amount listed as [Allowance:Addl Loan-Summer] represents the maximum amount that you COULD borrow through a credit-based alternative or Direct Graduate PLUS Loan this summer. This amount reflects the estimated direct and indirect costs associated with Summer 2011.
If you decide to apply for a loan, you can obtain further information on the programs and begin the application process now. Loyola will be notified electronically by the lender if you are approved so that we may certify your eligibility for this loan. You are encouraged to only borrow the amount that you actually determine that you need, rather than the maximum allowed.
Education Majors Interested in TEACH Grant for Summer
The Federal TEACH Grant is available for use in summer, for those pursuing careers in teaching.
