Loyola University Chicago

- Navigation -

Loyola University Chicago

Financial Aid Office

Summer Sessions

Have a Summer Award and wondering what to do next?

To receive financial assistance for Summer Sessions, you must be registered at least half-time. See below for specific enrollment levels.

No financial aid can be disbursed until your enrollment reaches at least half-time.

Registration for Summer   

The Office of the Bursar blocks all student accounts with outstanding balances. These blocks prevent registration for future terms. The Bursar will not process any unblock requests for the Summer 2013 term and registration blocks will only be removed by the Bursar once all outstanding balances are paid in full.

Summer financial aid Process      

The Financial Aid Office no longer requires a separate summer financial aid application! Beginning March 1, 2013, the FAO will evaluate the aid eligibility for all students enrolled half-time in summer courses. You will receive an email with further information on your summer financial aid eligibility.  We will start sending emails to students on Saturday March 2, 2013.

Undergraduate and Graduate students who will be enrolled for summer and will graduate at the end of the summer session or the end of the fall semester, should complete the 2013-2014 FAFSA and the Summer Graduating Student Appeal Form to be considered for summer financial aid.

Remember: You will only be evaluated for summer financial aid if you are currently enrolled at least half-time for summer. Should you decide not to attend the summer session, it is your responsibility to drop the courses and your financial aid will be canceled accordingly.

Excluded Programs - Financial assistance is not available from the following programs for Summer Sessions:

Undergraduate Enrollment Requirements            

To receive federal financial assistance for Summer Sessions, you must register for at least six semester hours (half-time status). The credits may be taken in any one session or may be divided between sessions.  If financial assistance is awarded based on your enrollment in both Summer Sessions and you drop the second session course AND your enrollment then becomes less than half time, financial aid disbursed previously may be adjusted for all sessions.

Available Aid Programs - Undergraduate   

Undergraduate financial assistance may be available from the following programs if eligibility requirements are met, and funds are available:

The process to borrow a Federal Direct PLUS loan during Summer 2013 is:

  1. Log onto StudentLoans.gov using the parent borrower’s information and PIN.
  2. Once logged in, choose the REQUEST PLUS LOAN option.  This will complete a Master Promissory Note (MPN) for new borrowers and start the credit check process for all borrowers.
  3. Loyola will email the results of the credit check when received from the US Department of Education.
  4. If approved, the Direct PLUS Loan is added to the financial aid award (Log into Locus at www.luc.edu/locus to VIEW FINANCIAL AID).
  5. If the credit check is not approved, additional information will be provided so your parent can appeal the credit decision.  The Direct Loan Servicing Center can provide more specific information about the decision and the next steps.

Graduate Enrollment Requirements    

To receive federal assistance for Summer Sessions, you must be enrolled at least half-time. For students enrolled in quarter programs, half-time status in summer is defined as three credit hours; for semester programs, it is two credit hours.  The credits may be taken in one session or may be divided between sessions.

Available Aid Programs - Graduate      

Graduate financial assistance is available from the following programs, if eligibility requirements are met:

The academic year maximum for a graduate student is a $20,500 Federal Stafford Loan.

The process to borrow a Federal Direct Graduate PLUS loan during Summer 2013 is:

  1. You must log onto StudentLoans.gov using your information and PIN.
  2. Once logged in, choose the REQUEST PLUS LOAN option.  This will complete a Master Promissory Note (MPN) for new borrowers and start the credit check process for all students.
  3. Loyola will email the results of the credit check when received from the Direct Loan Servicing Center.
  4. If approved, the Direct PLUS Loan is added to the financial aid award (Log into Locus at www.luc.edu/locus to VIEW FINANCIAL AID).
  5. If the credit check is not approved, additional information will be provided so you can appeal the credit decision.  The Direct Loan Servicing Center can provide more specific information about the decision and the next steps.

Summer Transfers       

Students who transfer into a degree program at Loyola and received financial assistance during the Fall and/or Spring term at another school should contact the FAO as soon as possible for specific instructions. Students should not assume receipt of the same financial assistance as was received at the previous school.
     
All employees, employee dependents and employee spouses who are undergraduate degree-seeking students must complete a 2012-2013 FAFSA to receive tuition benefits for any Summer Session. Employees who are in graduate school on at least a half-time basis are also required to complete a 2012-2013 FAFSA. Employees should contact Human Resources for more information.

Tuition Benefits   

All employees, employee dependents and employee spouses who are undergraduate degree-seeking students must complete a 2012-2013 FAFSA to receive tuition benefits for any Summer Session. Employees who are in graduate school on at least a half-time basis are also required to complete a 2012-2013 FAFSA. Employees should contact Human Resources for more information.

Veteran Benefits 

Students who are eligible for Veterans Administration benefits who have not been enrolled at Loyola during the 2012-2013 academic year should contact Loyola's veterans' advisor at: vetfinaid@luc.edu after registration. Students who received veteran benefits in 2012-2013 click here to have your enrollment reported to the Veterans Administration after registering for summer courses. All changes in enrollment must be properly reported to the veterans' advisor in the FAO. Note: The Illinois Veterans Grant cannot be used at private schools, such as Loyola.     

Visiting Summer Students

Federal regulations allow a student to receive financial assistance only from the school from which he/she will receive a degree. A visiting student who attends Loyola for Summer Sessions only must arrange for a consortium agreement between the student's school and Loyola. This agreement allows the home school to award summer financial assistance, even though the student is enrolled at Loyola. Inquiries regarding consortium agreements should be directed to abroadfinaid@luc.edu

Please note: Some schools do not allow participation in consortium agreements; your home school will determine your eligibility for a consortium agreement.

abroadfinaid@luc.edu.

Loyola

Financial Aid Office · Sullivan Center · 6339 N. Sheridan Rd., Chicago, IL 60660 · 773.508.7704 · lufinaid@luc.edu
Mailing Address: 1032 W. Sheridan Rd., Chicago, IL 60660

Notice of Non-discriminatory Policy