Loyola University Maryland

Office of Financial Aid

Financial Appeal Policy for Currently Enrolled Students

Families who suffer significant losses of income due to temporary or long-term loss of employment or the death of a wage earner, or families who incur significant medical expenses not covered by insurance may appeal for a review of the financial aid decision.

At Loyola, we take the time to personally consider each individual family's financial circumstances and will do all we can to make accommodations when determining your financial aid award. Our goal is to offer you the best possible financial aid package based on your family's current financial situation within the parameters of existing policies, federal regulations and the availability of funds.

Incoming first-year and transfer students interested in appealing their financial aid package may contact the Office of Financial Aid at financialaid@loyola.edu for instructions.

Reconsideration of your 2022-23 Aid Eligibility

The Appeal Process is available to currently enrolled students to request consideration of financial circumstances which were not evident in your original application and influence your family’s ability to pay for college. Aid eligibility for 2022-23 is based on a family’s 2020 income and current asset information. Consider this option if your family has experienced extenuating circumstances and 2021 or 2022 income information more accurately reflects your financial status. Loyola will take the following circumstances into consideration:

  • Loss of income, employment
  • One-time, non-recurring increase in income
  • Loss of untaxed income/benefit
  • Death or disability
  • Divorce or separation

Please note we are unable to consider appeals based on circumstances that include but are not limited to:

  • Consumer debt
  • Personal expenses (car, home improvement, mortgage, etc.)
  • Expenses that have not yet occurred
To initiate a general financial aid appeal based on the above referenced criteria, you must have received a financial aid award for the 2022-23 academic year and complete the 2022-23 Financial Aid Appeal Form. Please note that appeals will not be reviewed until all requested documentation has been received. Depending on the reason for your appeal, the Office of Financial Aid may request additional supporting documentation.

2022-23 Medical Expense Appeals

Please complete the 2022-23 Medical Expense Appeal Form to report excessive medical, dental, or vision care expenses not covered by insurance during calendar year 2021. Please note you must have received a financial aid award for the 2022-23 academic year before submitting this form.