Loyola University Maryland

Office of Financial Aid

Grants

Loyola Non-Need-Based Awards

Family Grant

Effective with the Fall 2020 semester, awarded to admitted first year, full-time students whose sibling(s) concurrently enroll at Loyola. Each student will receive a $3,000 family grant as long as two or more siblings are concurrently enrolled full-time in an undergraduate program.

Terms and Conditions:

  • Renewable up to four years (8 semesters, fall and spring) providing each student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
  • May only be applied to tuition charges.
  • May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
  • The Family Grant may be combined with the Magis Grant and the Legacy Grant.

Magis Grant

Effective with the Fall 2020 semester, an admitted first year, full-time student who graduated from a Jesuit high school will receive this $3,000 grant.

Terms and Conditions:

  • Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
  • May only be applied to tuition charges.
  • May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Magis Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
  • The Magis Grant may be combined with the Legacy Grant and the Family Grant.

Legacy Grant

Effective as of Fall 2019 semester, an admitted first year, full-time student who had at least one parent, stepparent, grandparent, guardian, or sibling graduate from Loyola will receive this $3,000 grant.

Terms and Conditions

  • Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
  • May only be applied to tuition charges.
  • May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Legacy Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
  • The Legacy Grant may be combined with the Magis Grant and the Family Grant.

Athletic Grant

Athletic grants are offered to students by the Director of Financial Aid upon the recommendation of the Director of Athletics and the head coach of the sport. Full and partial awards are available. Men may qualify for basketball, golf, lacrosse, soccer, or swimming grants. Women may qualify for basketball, cross country / track, lacrosse, soccer, swimming, tennis, or volleyball grants. Financial need is not considered in awarding athletic grants. For more information contact the Athletic Department.

Evergreen Grant

Evergreen Grants are awarded to select applicants based on their academic achievement and community service and/or demonstrated financial need.

Terms and Conditions

  • Renewable up to four years (8 semesters, fall and spring) providing the student maintains full-time enrollment and a minimum, cumulative grade point average (GPA) of 2.0.
  • May be applied to study abroad tuition expenses in programs administered or sponsored by Loyola University Maryland. The Evergreen Grant will be forfeited for the semester/year that a student is abroad in a program administered by another college, university, or private organization.
  • The Evergreen Grant may be combined with the Magis Grant and the Family Grant.

Additional Non-Need-Based Awards

Federal DVA Yellow Ribbon Program

Learn more about the Federal DVA Yellow Ribbon Program.

Federal TEACH Grant

The Teacher Education Assistance for College and Higher Education (TEACH) Grant program provides up to $4,000 per year in non-need-based grants for undergraduate students who must, in turn, teach full-time in high-need subject areas for at least four years at schools that serve students from low-income families. Students may receive up to $16,000 for undergraduate study. Part-time students are eligible, but the maximum grant will be reduced.

Current legislation has identified the following as meeting the definition of a high-need subject area for the TEACH Grant Program: Bilingual Education and English Language Acquisition; Foreign Language; Mathematics; Reading Specialist; Science; and Special Education. Failure to complete the teaching obligation will cause the TEACH Grant to be permanently converted to a Federal Direct Unsubsidized Loan with interest accrued from the date the grant funds were first disbursed. Once a grant is converted to a loan, it cannot be converted back to a grant.

Learn more about the TEACH Grant Program.

Questions regarding the TEACH Grant,

Undergraduate students may contact Mary Beth Brandenburg, associate director of financial aid, at 410-617-2576 or mbrandenburg@loyola.edu.

Graduate students may contact Danielle Ballantyne, associate director of graduate admission and financial aid, at 410-617-5020 or dballantyne@loyola.edu.

Need-Based Grants

Loyola Grant

Loyola need-based grants are available to full-time students based on the results of the FAFSA and CSS Profile applications.

Federal Pell Grant

The Federal Pell Grant Program is the largest federal need-based student aid program, providing grant assistance to undergraduate students who are enrolled in a degree or certificate program and have not received their first bachelor's degree. Eligibility is based on demonstrated financial need, cost of education, and enrollment status. The amount of the student's award is determined using the Federal Institutional Student Information Record (ISIR), Expected Family Contribution (EFC) and the Payment Schedule provided by the U.S. Department of Education.

Pell Grant awards range from $657 to $6,195 for eligible students enrolled full-time (minimum 12.0 credits per semester) during the fall and spring semesters. Awards are pro-rated for students who are enrolled on a less than full-time basis. Students may also receive Pell Grant assistance for summer session attendance, provided they enrolled on at least a half-time basis (minimum 6.0 credits).

Children of Fallen Heroes Scholarship Act

On March 23, 2018 the President authorized the Children of Fallen Heroes Scholarship Act for students eligible for the Pell grant whose parent or guardian died in the line of duty as a public safety officer. For more specific eligibility criteria and information you can read the announcement here.  If you feel you may be eligible, please contact the financial aid office at financialaid@loyola.edu for next steps.

 

Federal Supplemental Educational Opportunity Grant (SEOG)

In awarding Federal Supplemental Grants, priority is given to Pell Grant recipients with the highest demonstrated financial need. Loyola limits awards through this program to a maximum of $1,000 per year.