Loyola University Maryland

Office of Financial Aid

Billing Related FAQs

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 financial aid offer (loan, work-study) has an action status of "Pending," it typically means that you have not accepted or declined the offer via your online Self-Service account.  Once you have accepted or declined the aid offer, the status will be updated and reflected on your Self-Service account.  Accepted loans require completion of a loan Master Promissory Note (MPN) and Entrance Counseling before the proceeds can be credited to the billing account.

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 in Self Service. Or you can access this information directly via the federal loan website.

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 or direct deposit credit balance refunds 14 days after the semester begins for returning students, and 5 weeks after the semester begins for first year students.