Loyola University Maryland

Office of Financial Aid

Dependent Care Allowance

The dependent care allowance is based on the estimated expenses incurred for dependent care, based on the number and age of such dependents.

  • Allowance must not exceed the reasonable cost in the community in which such student resides for the kind of care provided; and
  • The period for which the dependent care is required includes, but it not limited to, class-time, study-time, field work, internships, and commuting time.

Adding a dependent care allowance to a student’s cost of attendance budget increases loan eligibility (federal and private).  It is not allowance from the university and is strictly to increase loan eligibility to help pay child care expenses.