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Financial Aid for Summer Session

All students who are not enrolled in online colleges must request additional financial aid for the Summer Session in order to be awarded. Not all students qualify for financial aid for Summer Session courses. 

Please contact the Office of Financial Aid if you have questions about determining your eligibility for financial aid awards.

Students enrolled in online colleges are automatically awarded financial aid for the summer. You can view your summer awards in LORA or contact onlineFA@loyno.edu if you have questions. 

All institutional awards – including merit and need-based awards – are offered during the fall and spring semesters only. Loyola scholarship and grant funds are not available during the Summer Session.

Pell grant eligible undergraduate students may qualify for Pell grant funds during the Summer Session. Eligibility depends on: financial need from the FAFSA; remaining lifetime Pell grant eligibility; and enrollment status during the Summer Session.

Undergraduate students are required to submit an application for Summer Session financial aid awards. After applying, the Office of Financial Aid will notify you of the awards you are eligible to receive.

All eligible undergraduate students may borrow a maximum amount of federal subsidized and/or unsubsidized loans per school year, based on their year in school*:

  • Freshman: $5,500 
  • Sophomore: $6,500
  • Junior/Senior: $7,500

If you have borrowed less than this amount in the preceding fall and spring semesters, you may qualify to borrow the remainder of your loan eligibility for the school year during the Summer Session.

*Borrowing limits differ for students considered Independent on the FAFSA but the same conditions for availability of funds apply. 

HALF-TIME ENROLLMENT is a requirement to receive disbursements of federal student loans. Undergraduate students must attend a minimum of 6 total credit hours during the Summer Session to qualify. 

Students enrolled in 5 credits or less during the Summer Session do not qualify for federal student loans.

Parents of students considered Dependent on the FAFSA may apply for a Federal Parent PLUS Loan. The same annual borrowing limits do not apply to the Parent PLUS Loan and all approved borrowers are able to cover 100% of direct costs during the Summer Session. 

The PLUS Loan is partially-credit based and requires a separate application online at studentaid.gov.

Using a PLUS Loan during the regular school year is not a requirement for borrowing during the Summer Session. 

PLUS Loan applications are valid for a limited amount of time. We recommend completing a PLUS Loan application only after Summer Session registration has begun. 

Half-time enrollment is a requirement to borrow the Parent PLUS Loan.

All eligible graduate and professional students (including Law) may borrow up to a maximum of $20,500 in a federal unsubsidized loan per school year. If you have borrowed less than this amount in the preceding fall and spring semesters, you may qualify to borrow the remainder of your loan eligibility for the school year during the Summer Session.

Graduate and Professional students are required to submit an application for Summer Session financial aid awards. After applying, the Office of Financial Aid will notify you of the awards you are eligible to receive. 

HALF-TIME ENROLLMENT is a requirement to receive disbursements of federal student loans. Graduate and professional students must attend a minimum of 3 total credit hours during the Summer Session to qualify. 

Students enrolled in 2 credits or less during the Summer Session do not qualify for federal student loans.

Graduate and professional students may apply for a federal Graduate PLUS Loan. The same annual borrowing limits do not apply to the Graduate PLUS Loan and all approved borrowers are able to cover 100% of direct costs during the Summer Session. 

The PLUS Loan is partially-credit based and requires a separate application online at studentaid.gov.

Using a PLUS Loan during the regular school year is not a requirement for borrowing during the Summer Session. 

PLUS Loan applications are valid for a limited amount of time. We recommend completing a PLUS Loan application only after Summer Session registration has begun. 

Half-time enrollment is a requirement to borrow the Graduate PLUS Loan.