Loyola University Maryland

Office of Financial Aid

Billing Related FAQ's

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How do I receive my bill and when is it due?
Undergraduate students are billed twice a year, once for the Fall semester and again for the Spring semester.  Bills for the Fall semester are typically mailed to the student’s home address in July and are due by mid- August.  Spring semester bills are mailed typically in early December and are due in early January.  Specific due dates will be indicated on the actual bill mailed to the student.

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 access the Master Promissory Note and Entrance Counseling websites by clicking on the Pending status appearing on the chart in WebAdvisor on View My Financial Aid by Term or by Year.  Or you can access this information by going to www.StudentLoans.gov

How does my financial aid get credited to my student account?
Financial aid that has an action status of “Accepted” (excluding work-study) will be credited to your student account, half for Fall and half for Spring.

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.