Loans
Loans allow you to spread the cost of education over time through scheduled repayments. All need-based financial aid awards at Loyola will include federal loans.
You are not required to accept the loan portion of your financial aid package, but we cannot offer additional grant or scholarship assistance if you choose to decline your federal loans.
Federal Direct Student Loans
Federal student loans include the Federal Direct Subsidized Stafford Loan and the Federal Direct Unsubsidized Loan. These loans can help students cover educational expenses while offering repayment options through the federal government.
Completing Your Loan Requirements
If you plan to accept a Federal Direct Student Loan, the following resources will help you complete the necessary requirements.
PLUS Loans
PLUS Loans are available to eligible parents of dependent undergraduate students and to graduate or professional students.