Loyola University Maryland

Office of Financial Aid

Application Process for First-Year Applicants

Merit-Based Scholarships

All students are eligible to receive merit-based scholarships, and every student who completes an application for admission is automatically considered for merit scholarship funding. No separate application is required, and you will be notified of your merit scholarship at the time of admission.

Read additional information about merit-based scholarships.

Update on FAFSA Processing and Financial Aid Deadlines

Important Announcement for All Prospective First-Year Students and Families for the Class of 2028

Updated as of 2/7/24

We understand that the financial aid process is a crucial aspect of your college selection journey. Recent updates from the U.S. Department of Education have indicated an unexpected six-week delay in the processing of FAFSA data for the 2024-25 academic year. This delay impacts our ability to finalize and distribute financial aid packages within the usual timeline.

For All Applicants:

  • FAFSA Submission Deadline Extended: To accommodate this delay, Loyola has extended the FAFSA submission deadline to March 1. We encourage all applicants to submit their FAFSA by this new deadline to ensure timely processing of financial aid packages.
  • Timing of Official Financial Aid Packages: Due to the FAFSA processing delays, the earliest that official financial aid packages will be sent out is expected to be the end of March. We will notify all students by email as soon as we receive your FAFSA data from the Department of Education and again when your official award is ready for review. 
  • Flexible Enrollment Decision Support: Given the shortened timeframe from when aid packages will be available to the traditional May 1 enrollment deposit deadline, Loyola is adopting a flexible stance. We will grant extensions to any student requiring more time beyond May 1 to make an informed enrollment decision. Detailed instructions on how to request this extension will be communicated following the release of financial aid packages.

For Early Decision II Applicants:

  • Estimated Aid Packages: For Early Decision II applicants who have submitted the Loyola Estimated Aid Form (LEAF), we will provide an estimated financial aid package within two days of your admission decision. This preliminary package offers insights into your potential financial support from Loyola.
  • Deposit Deadline Extension: Recognizing the commitment required by Early Decision II applicants, the deposit deadline has been extended from March 15 to April 15. This extension aims to give you sufficient time to review your official financial aid package before making your enrollment decision.

Support and Communication: Loyola is committed to providing support and clear communication throughout this process. Our financial aid office is closely monitoring developments and is prepared to offer guidance and assistance as needed. If financial aid is not part of your college funding plan, please inform us to adjust our records accordingly.

Next Steps:

  • If you have not yet submitted the FAFSA, please do so by the extended deadline of March 1.
  • Stay in contact with your personal admission counselor and financial aid counselor for updates and support.
  • Check your email regularly for important updates from Loyola.

Thank you for your patience and understanding as we navigate these delays. Loyola University Maryland remains dedicated to assisting you and your family in making informed decisions regarding your financial aid and enrollment.

Explore the Brochure: Your Guide to Financial Aid