Loyola University Maryland

Office of Financial Aid

Billing Related FAQs

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How do I receive my bill and when is it due?
Graduate students are not billed for tuition. Tuition is due at the time of registration. Students who have completed an application for Federal Stafford Loans may use anticipated loan proceeds to register for classes.

Why is my financial aid at a Pending status?
When a loan has an action status of "Pending," it typically means that you have not completed a procedure that is required before the loan proceeds can be credited to your student account.  In most instances, a loan Master Promissory Note (MPN) and/or loan Entrance Counseling must be completed.

How do I sign a Master Promissory note and complete Entrance Counseling?
You can either click on the Pending status appearing on the chart in WebAdvisor on View My Financial Aid by Term or by Year, or you can access these web sites from Loyola University’s financial aid web site.

How does my financial aid get credited to my student account?
Financial aid that has an action status of "Accepted" will be credited to your student account. 

If my student account states that I have a credit balance, when will I receive my refund check?
Student Administrative Services will automatically mail credit balance refunds that are a result of a Federal Direct Stafford loan, 14 days after the semester begins. The check is mailed to the student’s home address or can be picked up at Student Administrative Services upon request.