Loyola University Maryland

Office of Financial Aid

Application Procedures for Returning Students

2020-21 Academic Year

Students currently receiving assistance (or who wish to apply for assistance) under the Federal Student Aid Programs (Pell Grant, Supplemental Grant, Direct Stafford Loan, Direct PLUS (Parent) Loan, Work-Study), the Maryland Educational Assistance Grant and Guaranteed Access Grant Programs, or the Loyola Grant must follow the application procedures listed below. These awards are based on financial need which must be demonstrated each year.

Presidential Scholarships, Loyola Scholarships, Athletic Grants: Students receiving financial aid which consists entirely of four-year renewable awards are not required to file the Free Application for Federal Student Aid or the CSS Profile Application.  These awards will be automatically renewed if the retention requirements have been met as outlined in your original award notification letter.

2020-21 Free Application for Federal Student Aid (FAFSA)

Complete the 2020-21 FAFSA online using your FSA ID. The FAFSA website is https://studentaid.ed.gov/sa/fafsa. Loyola University's FAFSA Code Number is 002078.  The FAFSA may also be completed via the myStudentAid app on your mobile devices.
April 1 Deadline (Maryland Residents must file the FAFSA by March 1 for consideration of Maryland State grant assistance). 

New Applicants (Students who did not file a FAFSA for the 2019-20 academic year.)

Create a FSA ID. Parents should also create a FSA ID. Once created, the FSA ID allows access to the applicant's data in several Federal Student Aid systems and also serves as that person's electronic signature. For assistance, refer to the fact sheet, "Creating and Using Your FSA ID". After creating your FSA ID, file the 2020-21 FAFSA online. The FAFSA website is https://studentaid.ed.gov/sa/fafsa. Loyola University's FAFSA Code Number is 002078. 

The best way to provide accurate income information on the FAFSA is by opting to use the Internal Revenue Service (IRS) Data Retrieval Tool. This process allows eligible applicants and parents to retrieve tax return data from the IRS. Applicants who choose not to use this process may be required to provide additional tax documents for federal/institutional verification. Students will be notified by both the financial aid office and the College Board if/when we need additional documents. Learn more about federal verification here

Applicants are strongly encouraged to meet filing deadlines for maximum consideration for all forms of need-based financial assistance. The funds available through the federal campus-based student aid programs (Federal Supplemental Educational Opportunity Grant, Federal Work-Study) and Loyola's institutionally funded need-based grant program are limited.  Late awards are not guaranteed and will be made on a funds available basis. 

2020-21 CSS Profile Application

File the 2020-21 CSS Profile Application online. The College Board website is https://cssprofile.org.  Loyola University's CSS Code Number is 5370.
April 1 Deadline

Loyola Grant consideration for Late Applicants

Applicants are strongly encouraged to meet filing deadlines for maximum consideration for all forms of need-based financial assistance. The funds available through the federal campus-based student aid programs (Federal Supplemental Educational Opportunity Grant, Federal Work-Study) and Loyola's institutionally funded need-based grant program are limited.  Late awards are not guaranteed and will be made on a funds available basis. 

  • FAFSA and/or CSS Profile applications submitted between June 15th and June 30th - Up to 90% calculated grant eligibility.
  • FAFSA and/or CSS Profile applications submitted between July 1st and July 31st - Up to 80% calculated grant eligibility.
  • FAFSA and/or CSS Profile applications submitted between August 1st and August 31st - Up to 70% calculated grant eligibility.
  • FAFSA and/or CSS Profile applications submitted after August 31st - Up to 60% calculated grant eligibility.

 

Federal Verification Process

Federal verification is a process required by the U.S. Department of Education to verify the accuracy of the information parents and students submit on the FAFSA. Learn more about the federal verification process here.

Parents' and Student's 2018 Federal Tax Returns

Your 2018 Federal Tax Return and your parents' 2018 Federal Tax Return information will be used to verify the financial information reported on the FAFSA and CSS Profile applications.  Loyola participates in the College Board's Institutional Documentation Service (IDOC) to collect parent and student tax return forms.  After you file the CSS Profile Application, the College Board will email you complete instructions for submitting your Federal Tax Return forms.  Submit your tax return information to IDOC no later than April 30, 2020.

Procedures for submitting your tax return information to the College Board.

Financial Aid Eligibility Notification

Financial aid awards for enrolled students will be available for viewing on Self-Service via WebAdvisor for Students mid June 2020, after the verification process has been completed and cumulative grade point averages for scholarship retention for the 2020-21 academic year are available.

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