2020-2021 Academic Year
2020-21 Free Application for Federal Student Aid (FAFSA)
Complete the FAFSA online at https://studentaid.ed.gov/sa/fafsa. You and your parent must have a FSA ID to electronically sign the FAFSA. Loyola University's FAFSA Code Number is 002078. The FAFSA may also be completed via the myStudentAid app for your mobile devices.
A fact sheet, "Creating and Using Your FSA ID," is also available to assist users.
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.
2020-21 CSS Financial Aid Profile Application
Complete the Profile online at https://cssprofile.org. Loyola University's CSS Code Number is 5370. Check out the 2020-21 Profile Student Guide for more complete information on the Profile completion process. CSS/Profile Customer Support can be reached at 844-202-0524 or the College Board's contact us page.
Divorced, Separated, Single Parents
In cases of divorce or separation, the parent with whom the student resides (and if applicable, a stepparent) is responsible for completing the FAFSA and CSS Profile. Loyola supports the policy, however, that both biological parents are responsible for the financial support of their children to the extent they are able even in cases of divorce, separation, and unmarried parents. While marital status may complicate the extent to which one or both parents can contribute, it does not absolve either parent from their obligation. For this reason, Loyola requires the non-custodial parent to complete the CSS Profile application as well.
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 send you complete instructions for submitting your federal Tax Return forms. Submit your tax return information to the College Board's IDOC Service no later than April 15, 2020.
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.
Financial Aid Application Deadlines
Free Application for Federal Student Aid (FAFSA)
Submit the FAFSA online at https://studentaid.ed.gov/sa/fafsa by April 1, 2020. Maryland residents must have filed the FAFSA by March 1, 2020 to be considered for Maryland State Grant Assistance.
CSS Profile Application
Submit the CSS Profile online at https://cssprofile.org by April 1, 2020.
It is extremely important that you and your parents adhere to the financial aid application filing deadlines listed above. The funds available through the federal campus-based student aid programs and Loyola's institutionally-funded need-based grant programs are limited. Therefore, if you do not meet the filing deadlines, you risk being placed on a financial aid waiting list.
Financial Aid Eligibility Notification
Transfer student applicants who are accepted for the Fall semester of the 2020-21 academic year will be notified of their eligibility for need-based financial aid on a rolling basis beginning May 15, 2020.