Loyola University Chicago
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Undergraduate Studies Catalog

FINANCIAL INFORMATION

Lake Shore Campus:
Granada Centre, Room 350
Phone: 773-508-3180
Monday through Friday:
8:30 A.M. to 5:00 P.M.

Water Tower Campus:
Lewis Towers 712
Phone: 312-915-6160
Monday through Friday:
8:30 A.M. to 6:00 P.M.

Mallinckrodt Campus:
Room 119
Phone: 847-853-3020
Monday, Wednesday and Thursday:
9:30 A.M. to 6:00 P.M.
Tuesday and Friday:
8:30 A.M. to 5:00 P.M.

PAYMENT OF TUITION, CAMPUS HOUSING, AND FEES

The Student Business Office is responsible for the billing and collection of all charges for tuition, campus housing, and fees. Students are responsible for prompt payment of their bills.

Freshmen and new transfer students must pay an advance tuition deposit. Rome Center students must pay a non-refundable deposit.

At the beginning of the semester, a bill for tuition, housing charges, and fees will be mailed to the studentís permanent address on file in the registration system; students are responsible for the accuracy of this address.

Payments not received by the due date shown on the bill will be subject to the late payment charge.

Students may pay by cash, personal checks or money orders. Checks and money orders should be made payable to Loyola University of Chicago and mailed in the return envelope for prompt application of the payment.

Students may also pay at the Student Business Office on campus.

LATE PAYMENT CHARGE

The late payment charge for students in the schools of arts and sciences, business administration, education, and nursing is $100 for each semester in which payment in full is not received by the due date. The late payment charge for students in Mundelein College is $50 for each semester in which payment in full is not received by the due date.

RETURNED CHECKS

If the bank returns a studentís check for any reason, the $20.00 returned check fee is charged to the studentís account. The student must then make immediate payment of the account balance with cash, money order, cashierís check, or certified check. If a student does not make immediate payment, the studentís current term registration may be cancelled. The student may also be required to prepay tuition, mandatory fees and, where applicable, housing charges, for future termsí registration. Payment must be with money order, cashier check, or certified check. Cash payments may be made at the Student Business Office.

PENALTIES FOR DELINQUENT ACCOUNTS

Students whose accounts are not paid in full at time of Touch-Tone registration are not permitted to register for the new term.

Students whose accounts are not paid in full by the end of the term do not receive transcripts or diplomas, and are not permitted to register for a new term.

Accounts with unpaid balances at the end of the term are transferred to the Collection Office. That office is authorized to refer accounts to collection agencies, litigate, and report the delinquencies to credit bureaus. The cost of collection, including attorney fees and court costs, is charged to the studentís account.

WITHDRAWAL FROM CLASSES OR THE UNIVERSITY

For full-time undergraduate students, no tuition and fee adjustments can be made for withdrawals after the second week of school, unless the student withdraws from all classes.

Full-time undergraduate students withdrawing from all classes, and part-time undergraduate students withdrawing from some or all classes, will have their tuition and fees adjusted according to this schedule, and their official dates of withdrawal:
 
Day of Withdrawal Credit Given
During the first week of the semester 90%
During the second week of the semester 80%
During the third week of the semester 60%
During the fourth week of the semester 40%
During the fifth week of the semester 20%
During the sixth week and after 0%

This schedule does not include housing related charges. Students must contact the Residence Life Office about housing arrangements. Refund are mailed to the studentís permanent address on file with the university.

For information regarding withdrawal from classes or from the university during periods of Touch-Tone registration, consult the Schedule of Classes issued each academic term.

Students attending Loyola for the first time and receiving Title IV student financial assistance will be subject to the federally mandated pro rata refund provision.

SCHOLARSHIPS AND GRANTS

When a student receives a scholarship or grant, it is applied to the studentís account and is reflected as a credit on the bill the student receives.

STUDENT LOANS

When a student receives a federally funded student loan issued by the university, the amount of the loan will not be applied to the studentís account until after the student attends a federally mandated entrance interview, and signs a promissory note and a disclosure statement. If the student fails to do this by the tuition payment due date, his/her account may be charged the late payment fee and be subject to the actions described in "Penalties for Delinquent Accounts" above.

When the student receives a student loan funded by the university, the amount of the loan will not be applied to the studentís account until the student signs a promissory note and a disclosure statement. If the student fails to do this by the tuition payment due date, his/her account may be charged the late payment fee and be subject to the actions described in "Penalties for Delinquent Accounts" above.

STUDENT LOAN REPAYMENT

Students who receive student loans are required to keep their repayment accounts with the university current after they graduate or discontinue studies at Loyola University of Chicago. Borrowers will not be permitted to enroll in the universityís undergraduate, graduate, or professional schools if their student loans accounts are not current. The university also will not issue recommendations or transcripts for delinquent or defaulted loan borrowers until their accounts are paid in full or are current.

TUITION ASSISTANCE PROGRAMS

Students receiving direct educational assistance (e.g., veterans benefits, social security benefits, employee benefits, etc.) must comply with all university financial requirements and due dates. Late payment charges and penalties for delinquent accounts may apply.

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