Loyola University Maryland

Office of Financial Aid

Tuition Exchange Programs

image divider

Two tuition exchange programs are available for students of parents who work at certain colleges or universities. The Tuition Exchange Program, Inc. includes over 600 participating institutions, while the FACHEX Program includes 27 Jesuit colleges or universities. If a student's parent works at one of the participating institutions, the student may qualify for tuition remission if they are successfully admitted.

The Tuition Exchange Program, Inc.

2014-2015 Academic Year

Loyola University Maryland is one of over 600 colleges and universities that participate in the Tuition Exchange Program, Inc. (TEP) (website: www.tuitionexchange.org). Through this program, dependent children of faculty, administrators and staff are eligible for tuition remission at their parent’s home institution and may qualify for tuition remission at other participating colleges and universities. Transfer applicants will not be considered for the TEP benefit.

Procedures:

  1. Obtain certification of your eligibility for the TEP benefit. Request the TEP Administrator at your home institution to notify Loyola University that you are eligible and wish to be considered for the benefit.
  2. Apply for admission to Loyola University. You must be accepted for admission before you can be considered for the TEP benefit. TEP certification does not automatically qualify you for admission, nor does an offer of admission mean that a space will be automatically available in Loyola’s TEP Program.
  3. Spaces in the Tuition Exchange Program are limited and are awarded on a competitive basis considering your high school academic record. The determination of your eligibility for a space in the Tuition Exchange Program will not be made until you are certified as eligible and accepted for admission. The TEP certification statement and all admissions application material must be received by Loyola no later than December 15, 2013.
  4. If you are accepted for admission, you will be notified of your eligibility for the TEP benefit no later than April 1, 2014.  If you are not offered the benefit, your name will be placed on a waiting list. Students who choose to attend Loyola without the TEP benefit will be given highest priority for any new spaces that become available in the program.
  5. It is recommended, but not required, that you apply for financial aid. It is possible that a financial aid offer may make it financially possible to attend Loyola University if a space in the Tuition Exchange Program is not available.
  6. A $500 deposit is required to reserve a space in the freshman class and in on-campus housing. The deposit deadline is May 1, 2014, so it is important for you to submit your deposit as soon as you make the decision to attend Loyola.  Receipt of the TEP benefit does not automatically guarantee a class or housing space. The $500 deposit is non-refundable unless class and housing space is not available.

Terms and Conditions:

  1. TEP benefit recipients must enroll as full-time degree-seeking undergraduates and make satisfactory academic progress toward a degree.
  2. The value of the TEP benefit at Loyola University is limited to 80 percent of tuition. TEP benefit recipients are expected to complete their degree within eight consecutive fall and spring semesters if the benefit is awarded as an entering freshman; in six consecutive semesters if the benefit is awarded as a sophomore; or four consecutive semesters if the benefit is awarded as a junior. The benefit does not cover tuition for part-time, summer or graduate course enrollment, nor does it cover fees, room, meal or book expenses.
  3. Use of the TEP benefit for study-abroad is limited to Loyola University-Sponsored and Loyola University-Exchange programs. The benefit may not be used to pay tuition for study abroad programs sponsored by other colleges and universities.
  4. TEP recipients are not eligible to receive any type of institutionally-funded academic scholarship or need-based grant assistance from Loyola University. Scholarships/grants from non-institutional sources will be added up to the maximum value of remaining tuition, additional fees and room charges before reducing the TEP benefit.
  5. TEP recipients must have their parent’s home institution recertify eligibility for the benefit annually. Recertification statements must be submitted no later than May 1 each year.

The FACHEX Program

2014-2015 Academic Year

Loyola University Maryland is one of 27 Jesuit colleges and universities that participate in the Faculty and Staff Children Exchange Program (FACHEX). Through this program, dependent children of faculty, administrators and staff are eligible for tuition remission at their parent’s home institution and may qualify for tuition remission at other participating Jesuit colleges and universities. Transfer applicants will not be considered for the FACHEX benefit.

Procedures:

  1. Obtain certification of your eligibility for the FACHEX benefit. Request the FACHEX Administrator at your home institution to notify Loyola University that you are eligible and wish to be considered for the benefit.
  2. Apply for admission to Loyola University. You must be accepted for admission before you can be considered for the FACHEX benefit. FACHEX certification does not automatically qualify you for admission, nor does an offer of admission mean that a space will be automatically available in Loyola’s FACHEX Program.
  3. Spaces in the FACHEX Program are limited and are awarded on a competitive basis considering your high school academic record. The determination of your eligibility for a space in the FACHEX Program will not be made until you are certified as eligible and accepted for admission. The FACHEX certification statement and all admission application material must be received by Loyola no later than December 15, 2013.
  4. If you are accepted for admission, you will be notified of your eligibility for the FACHEX benefit no later than April 1, 2014. If you are not offered the benefit, your name will be placed on a waiting list. Students who choose to attend Loyola without the FACHEX benefit will be given highest priority for any new spaces that become available in the program.
  5. It is recommended, but not required, that you apply for financial aid. It is possible that a financial aid offer may make it financially possible to attend Loyola University if a space in the FACHEX Program is not available.
  6. A $500 deposit is required to reserve a space in the freshman class and in on-campus housing. The deposit deadline is May 1, 2014, so it is important for you to submit your deposit as soon as you make the decision to attend Loyola.  Receipt of the FACHEX benefit does not automatically guarantee a class or housing space. The $500 deposit is non-refundable unless class and housing space is not available.

Terms and Conditions:

  1. FACHEX benefit recipients must enroll as full-time degree-seeking undergraduates and make satisfactory academic progress toward a degree.
  2. The value of the FACHEX benefit is full-tuition. FACHEX benefit recipients are expected to complete their degree within eight consecutive fall and spring semesters if the benefit is awarded as an entering freshman; in six consecutive semesters if the benefit is awarded as a sophomore; or four consecutive semesters if the benefit is awarded as a junior. The benefit does not cover tuition for part-time, summer or graduate course enrollment, nor does it cover fees, room, meal or book expenses.
  3. Use of the FACHEX benefit for study-abroad is limited to Loyola University-Sponsored and Loyola University-Exchange programs. The benefit may not be used to pay tuition for study abroad programs sponsored by other colleges and universities.
  4. FACHEX recipients are not eligible to receive any type of institutionally-funded academic scholarship or need-based grant assistance from Loyola University. Scholarships/grants from non-institutional sources will be added up to the maximum value of additional fees and room charges before reducing the FACHEX benefit.
  5. FACHEX recipients must have their parent’s home institution recertify eligibility for the benefit annually. Recertification statements must be submitted no later than May 1 each year.

Questions?

Address additional questions concerning Tuition Exchange Programs to:

Mark L. Lindenmeyer
Assistant Vice President of Enrollment Management
Director of Financial Aid
410-617-2576
800-221-9107
Fax: 410-617-5149
lindenmeyer@loyola.edu