Financial Aid Options
Earning your Loyola degree online offers you the opportunity to get a top-ranked degree on a schedule that works for you and your life. We want to make sure you understand all of your options when it comes to covering the cost of your education, so that you can decide what works best for you.
- Federal Financial Aid/FAFSA
Applying for financial aid is easier than most people think. Most students are eligible for some type of assistance, and our staff will work with you to determine your personal eligibility and to create a financial aid award package for you. The FAFSA is not required for enrollment, but we encourage all interested students to complete a FAFSA for the current school year as soon as possible after completing an application to one of Loyola’s online programs. To learn more about applying for federal financial aid, visit our Applying for Federal Aid page and review our list of Federal Aid FAQs.
Financial aid advance for textbooks: Once your financial aid package is completed and approved, Loyola also allows you to request that funds be advanced to you to cover the cost of purchasing textbooks for the current session. You can access the book advance request form here.
- VA Education Benefits
Loyola University New Orleans participates in several different programs for students who are eligible for benefits. To determine which benefit you may be eligible for, please review the educational programs on the Veterans Affairs website.The most popular program is the Post 9-11 program. If you are 100% eligible, you will receive $26,671 annually in tuition and fees. If you utilize this amount, you will be eligible for Yellow Ribbon. Loyola will provide up to $12,000, which Veterans Affairs will match. You may also be eligible for a monthly basic housing stipend with a value of up to $1,000 per year.
- Employer Reimbursement
If your employer offers a tuition reimbursement plan, you may be eligible for a payment extension of 90% of your tuition and fees. Although transcripts and diplomas are not released until the final payment is received, this deferral may be helpful to you. Please review the requirements for the Tuition Deferral Program here.
Note: A new Employer Reimbursement Agreement form must be submitted each semester.
- Cash payments, Interest-Free Payment Plans, & 529 College Savings Plans
- Private Student Loans
Online students are able to apply for private student loans from the lender of their choice. Loyola cannot make any recommendations for lenders, but we will complete any necessary documents/certifications that a lender might request from the school.
Questions about your financial aid options?
If you have additional questions about financial aid, our enrollment specialists are available to help you understand your options and navigate the process. Call us at 504-577-2855. We also have a team of dedicated financial aid experts available to assist you with specific questions.