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.
Covid-19 Related Financial Hardship Requests
Current Loyola students and families financially impacted by COVID-19 and concerned about their ability to afford Loyola this upcoming academic year may be eligible for a one-time support grant. If you or your family are experiencing a reduction in income or job loss due to the coronavirus pandemic, we encourage you to complete the 2020-21 COVID-19 Special Circumstances Appeal Form. This information will also allow us to determine if on a case-by-case basis, a review of your FAFSA is warranted for re-evaluation of federal need-based aid assistance.
Any aid offered in response to this appeal is for the 2020-2021 academic year. Future consideration requires annual completion of the Loyola financial aid application process, need-based eligibility, and the availability of funds. Submitting the appeal form does not guarantee an adjustment or increase in financial aid. If we are not able to offer additional funds, please review the alternative financing options available to help finance your education. This information regarding loans and the interest free payment plan can be found here.
General Reconsideration of your 2020-21 Aid Eligibility
The Appeal Process is available 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 2020-21 is based on a family’s 2018 income and current asset information. Consider this option if your family has experienced extenuating circumstances and 2019 income information more accurately reflects your financial status. Loyola will take the following circumstances into consideration:
Loss of income, employment (not related to Covid-19)
- 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:
- 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, please complete and return the 2020-21 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.
2020-2021 Medical Expense Appeals