Admission and Financial Aid Policy Updates 2020-21

Self-Reported Test Scores

Starting this year, Loyola will review the applications of students who choose to submit scores using self-reported SAT or ACT scores. Students will not be required to submit official score reports unless they are admitted and choose to enroll. Scores will be considered official if they are sent directly from the testing agency, if they appear on an official high school transcript, or if they are verified by the school counselor.

Test-Optional Policy

Loyola has been a test-optional institution since 2010. Our testing policy has required those who did not submit scores to submit an additional essay/recommendation as part of the application process. This year, we removed that requirement for any student choosing not to submit scores.

Application Fee Waivers

Starting this year, application fee waivers will be available for students who identify with any one of the following categories:

  • First-generation college students (neither parent graduated from a four-year college or university)
  • Veterans
  • Students affiliated with a Community Based Organization such as College Bound, Strive for College, and many other national and local organizations
  • Those who qualify for free-or-reduced lunch
  • Students with an ACT/College Board waiver
  • Students whose circumstances do not include any of the above, but for whom the application fee nevertheless causes a financial hardship

Updated Admission Dates and Deadlines for 2020-2021

  Early Action Spring Admission Regular Decision
Application Deadline  Nov.15 Nov. 15 Jan. 15
Financial Aid Priority Deadline Dec. 1 Dec. 1 Feb. 1
Decision Notification Mid-January Rolling Mid-March
Deposit Deadline May 1 Jan. 1 May 1

Financial Aid Process and Policy Updates

This fall, we reviewed our existing aid polices and made some changes aimed at streamlining the process and reducing unnecessary barriers with the goal of ensuring that more students are able to receive a completed aid package and see the Loyola may be an affordable option. Beginning with Loyola's Class of 2024:

  • We eliminated the practice of 100% verification. 100% verification requires that all families submit a copy of their tax returns in addition to the FAFSA and CSS Profile. Recent changes to the federal financial aid timeline and application process has resulted in more accurate aid applications being submitted. Therefore, we will no longer require all families to submit tax returns to verify the information received on the FAFSA and CSS Profile. We will reserve the right to request taxes and verify as needed.
  • We no longer require additional information from students’ non-custodial parent. In cases where the applicant’s parents are divorced or separated, we ask for financial information from the parent who has primary custody of or contributes more than 50% of the student’s financial support.
  • We will modify the treatment of outside scholarships and grants. The revised policy will outline that outside scholarships will first fill any unmet need and then would replace federal loans. In other words, outside scholarships will no longer replace existing Loyola need-based grant aid.
  • We will now make available a limited amount of need-based aid for international, undocumented and DACA applicants.