Financial Aid Opportunities
Students may receive institutional, federal, or external sources of financial aid to fulfill tuition expenses. Loyola's Institute of Pastoral Studies (IPS) offers a number of institutional opportunities for financial assistance. Generous awards are available and every effort is made to make our program affordable. Eligible students must meet admission standards, submit all supporting materials, and be enrolled in a degree or certificate program.
Students are also welcome to complete a Free Application for Federal Student Aid (FAFSA) for federal Stafford Loans funding. For more information on the FAFSA and the student loan process for graduate students, please see the University’s Financial Aid Office webpage.
*Any financial assistance a student receives from IPS is one part of a larger financial aid package arranged through the Financial Aid Office. Students must work with the Financial Aid Office and the Office of the Bursar to coordinate the financing of their IPS education.
IPS merit scholarships are available to deserving students in recognition of exceptional promise as demonstrated by a record of outstanding achievement in previous leadership initiatives and academic work, embodiment of the IPS mission, and commitment to social justice. Merit awards cover a portion of for-credit tuition.
Applicants who meet admission standards and submit the supplemental writing sample and resume will be considered for merit based scholarships at the point of their admission pending available funding. Because these funds are awarded on a limited basis, priority consideration will be given to applications received by:
|Start Term||Priority Scholarship Deadline|
If you wish to be considered for an IPS Scholarship, please submit the IPS_Scholarship_Requirements in addition to your Statement of Purpose. IPS Scholarship decisions will occur concurrently with the Admission process.
Returning Students admitted prior to Spring 2018 are encouraged to apply for merit scholarships here: Merit_Based_Scholarship_Application. Please follow deadlines listed above for priority consideration.
IPS Need-Based Grants are financial awards given to students by the University in recognition of financial need. Grant dollars are applied to the tuition costs of students for course work which meet the requirements of IPS degree programs, and do not include zero credit hour courses, workshops, IPS audits and/or fees. The award is $200.00 per credit hour and will be applied to each for-credit course that is taken towards the degree for the duration of time at IPS, but is dependent upon remaining a student in good standing and maintaining a GPA of 3.0 or better in each semester of the enrollment for all of the courses that apply to IPS degree.
To be given full consideration for an IPS Need-Based Grant, applicants must submit a paragraph describing why you require financial assistance and provide an assessment of your financial needs. Applicants, please upload this statement to the writing sample section of your application for admission to IPS.
Continuing students admitted prior to Spring 2018 can apply for this award here: IPS Need Based Grant Application.
The IPS Sponsored Matching Grant assists students actively involved in professional ministry or with a not-for-profit organization. Forms must be submitted 1 month prior to the semester for which they are applied.
If a parish, school, hospital, diocese or some other sponsoring agency is willing to pay a portion of a student’s tuition, Loyola University will match that amount (but not more than 1/2 of the 1, 2 or 3 credit hour per course tuition). These grants apply to tuition only, and do not cover zero credit courses, fees, books, supplies, IPS audits, etc. If the total would exceed 100% of the tuition (only) in any given semester this grant may not be used in conjunction with other non-loan tuition programs, including the IPS Need-Based Grant. Payments must be made from the agency directly to LUC in order for the funds to be matched, and the only acceptable method of payment is via check.
Click here for the IPS Sponsored_Matching_Grant_Application.
The Institute of Pastoral Studies, in conjunction with Loyola University Chicago, funds six students in student work assistance positions. Students are awarded $3,000 annually for two semester of work. Students are expected to work eight hours per week for two 14-week semesters. The type of service is determined on an individual basis, but is intended to meet the needs of the IPS office and to help the student in professional growth. These positions are awarded at the beginning of each fall and are good for the full academic year.
Students must apply by March 1. Students are required to send the Student_Worker_Application_Form, a resume demonstrating previous office experience, a cover letter outlining their qualifications and financial needs to Coordinator of Student Services for IPS.
There are several options for financing your IPS education through non-IPS financial assistance. The options listed below, while often times extremely generous, will exclude a student from IPS-based scholarships, grants and the graduate student worker positions.
Mission GrantsMission Grants require the student to pay 1/3 of the tuition cost and only cover courses taken for credit. Mission Grants support the mission and values of Loyola University and Archdiocese of Chicago. For more information check Mission Grant Policy
Award AmountStudents pay one-third of their tuition; a sponsoring agency pays another third; and Loyola pays the remaining third.
RequirementsEligible students include members of religious orders working in developing countries; international Jesuits; faculty, staff, and administrators employed by one of Loyola's sister schools. Recipients of Mission Grants forfeit their eligibility to receive other University-funded scholarships, assistantships, or grants.
ApplyFor application information, contact the Office of Student Financial Assistance.
Archdiocese of Chicago Lay Ecclesial Ministry ProgramIPS participates fully with the Archdiocese of Chicago's Lay Ecclesial Ministry Formation Program. Students who anticipate working for the Archdiocese of Chicago upon completion of their degree program are encouraged to contact the Archdiocese of Chicago's Lay Ministry Formation Office.Award Amount
Students pay one-third of their tuition; the Archdiocese of Chicago pays another third; and Loyola pays the remaining third.Additional funds may be available for students who are admitted to the Archdiocesan Lay Ecclesial Formation program who are working to foster lay ecclesial ministry among members of African-American, Asian, Polish, and Hispanic communities.Requirements
Student must be admitted to the Archdiocesan Lay Ecclesial Formation program.ApplyTo apply, visit the Archdiocesan Lay Ecclesial Ministry Program website.Archdiocese of Chicago Critical Needs ScholarshipThe Archdiocese of Chicago has funds available for its employees who are working to address the critical needs of the Archdiocese.Award AmountStudents pay one-third of their tuition; the Archdiocese of Chicago pays another third; and Loyola pays the remaining third.RequirementsVisit the Archdiocesan Lay Ecclesial Ministry Critical Needs overview page.ApplyTo apply, visit the Archdiocesan Lay Ecclesial Ministry Critical Needs application page.
JVC MAGISAny former member of the Jesuit Volunteer Corps or Jesuit Volunteer International who is interested in learning more about JVC MAGIS (and corresponding scholarship opportunities) at Loyola University Chicago can visit this page for more information.
Army ROTC ScholarshipsThe Army ROTC scholarships (2 year) are available to Christian Chaplains that are getting their masters in Pastoral Studies and would become a Chaplains in the Army.
For more information please contact Djimitri Francois at firstname.lastname@example.org 773.508.2852.