Limited financial aid is available to students to be applied to the tuition, fees and book expenses of January-Term. Costs for the J-Term must be processed through loans separate from those in place for Fall and Spring semesters. Aid for Fall/Spring is not available to meet the costs for January Term courses.
Note: No financial aid is available for living expenses, as the living expenses for this period of time are already included in the costs considered for Fall/Spring financial aid awards.
Types of Aid
Eligibility for these loan programs is based on the creditworthiness of the borrower. For most undergraduate students, a co-signer will also be required for a loan to be approved.
During January Term, Private Loans may be borrowed for the full tuition, fees and book supplies.
For more information or to apply for a private loan, click here to begin the application process.
Mandel short-term loan
Through the generous endowment of Carola and Leon Mandel, the University has a short-term loan fund available to be used during the January Term.
- Loan amounts are limited to $1,000 and a student may receive only one loan while enrolled at Loyola University Chicago.
For more information or to apply for a Mandel Loan, click here to begin the application process
Veterans Educational Benefits (VA)
The Financial Aid Office (FAO) participates in all applicable federal programs for veterans, servicepersons, and their dependents.
FAO will electronically send the Certification of Enrollment (VA Form 22-1999b) to the VA on the first day of January Term. The VA will then process the enrollment certification. In the case of veterans eligible under the Post 9/11 GI Bill, the VA will release tuition payment to Loyola and begin processing your book stipends as soon as they process the 22-1999b. You will also receive an e-mail from firstname.lastname@example.org to notify you that your enrollment information has been processed by the VA.