Loyola creates a new financial aid program to assist students who demonstrate significant financial need in Baltimore City
| By Molly Robey
Loyola University Maryland is launching the Charm City Promise Program to recognize high achieving Baltimore City public, charter, and Catholic high school graduates from families who demonstrate significant financial need.
The Charm City Promise Program is designed to help more students from the local community afford a Loyola education.
All eligible students admitted to the Charm City Promise Program will receive a financial aid award that meets 100% of their demonstrated need toward Loyola’s full direct cost of attendance. The Charm City Promise Program will award students financial aid assistance that, when added to the aid they receive from Loyola, the government, and other sources, will cover up to the full direct cost of attendance, including room and board for resident students. The four-year estimated value of each financial aid package would exceed $200,000.
“We are thrilled to be able to provide the students of Baltimore City with greater accessibility towards a Loyola education,” said Eric Nichols, vice president for enrollment management. “During these unprecedented times, we realize more students may want to stay closer to home for their college education. We hope the Charm City Promise Program makes that a reality for even more students from Baltimore City.”
To be eligible, students must earn admission to the University, have graduated from and spent their last three years at a Baltimore City public, charter, or Catholic school, and be Pell Grant eligible as determined by the Free Application for Federal Student Aid (FAFSA).
“The Charm City Promise Program reaffirms Loyola’s longstanding commitment to the city and its residents,” said Rev. Brian F. Linnane, S.J., president of Loyola University Maryland. “Loyola is proud to be an anchor institution in the City of Baltimore, and we are dedicated to creating an equitable and just educational environment that all students can enjoy.”
Learn more about the Charm City Promise Program.