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Does any one go to Loyola University Chicago?

Mona1991Mona1991 Posts: 20Registered User New Member
edited November 2012 in Financial Aid & Scholarships
I applied as a transfer and was wondering if they give good financial aid? I have a efc of 0.
What are their institutional grants like?
Post edited by Mona1991 on

Replies to: Does any one go to Loyola University Chicago?

  • mom2collegekidsmom2collegekids Posts: 59,940Registered User Senior Member
    When do you expect to get your pkg?

    Typically transfer students do not get great aid pkgs. With an EFC of 0, I wouldn't expect you to get enough aid to cover all costs.

    Does it cost about $50k per year to go there?

    Hopefully you applied to some affordable schools as well. Where else did you apply? Did you apply to any schools that you can commute to?


    Edited to add....I see that you already attend a university. How is your aid there? Don't cut ties with your current univ until you've seen Loyola's pkg and it's affordable.
  • Mona1991Mona1991 Posts: 20Registered User New Member
    I applied to 3 other schools all private. :( I can not really commute because I do not really have a place to stay.
  • mom2collegekidsmom2collegekids Posts: 59,940Registered User Senior Member
    What aid do you get at your current school?
  • cptofthehousecptofthehouse Posts: 24,043Registered User Senior Member
    As a rule, transfers do not get good financial aid or merit money. Even at those schools that meet full need for most undergraduates, many do not extend that guarantee to transfers. And it only goes down hill from there.

    Loyola does not guarantee to meet 100% of need for any of its students. Few schools do. And transfers come AFTER the money is dispensed to the freshman class. Though there are exception, in general, you are not likely to get full need met.

    Also, it is highly unlikely that anyone other than the very, very few who are the students a college absolutely wants the most, is going to get full need met when it includes living expenses. With a zero EFC, and being a transfer student, the affordablet thing to do is to find a place to live, with a parent and commute to school. If that is not possible, it is time to take a deep breath, find a place to live and a job to meet living expenses and go to school part time. That is how most people get through college, believe it or not. It is the rule, not the exception. The ballyhooed going away to college is a luxury for those who are lucky enough to have parents to pay for it, for the most part. Some, but very few, in proportion to the college population win a "lottery ticket" with a school or government picking up most all of the costs, especially living expenses. If you have been able to get a few years under your belt from government programs and some money from schools subsidizing your living away from family, paying your room, board, expenses AND your tuition, books and fees, then you have been very lucky.
  • mom2collegekidsmom2collegekids Posts: 59,940Registered User Senior Member
    I applied to 3 other schools all private. I can not really commute because I do not really have a place to stay.


    It sounds like you have no family support at all. How are you paying for your CURRENT school. Your current school is a univ, so if you have all costs covered THERE, you need to stay there.

    How much can you contribute towards your college costs each year? If you can't contribute much and you have a 0 EFC, then finding a school that will give you "some money" won't be enough. You'll still have to much leftover to pay.

    If none of your 3 schools that you applied to promise to "meet need," then applying to them was probably a waste of time and money.
  • loyolapatrycjaloyolapatrycja Posts: 1Registered User New Member
    loyola gives you a transfer grant - 2 year renewable one - that ranges
    from 7000 to 10000 per year. here is a link that will be helpful for ya Financial Aid Office, Loyola University Chicago.


    They also give a grant for not living on campus or with parents - such as
    having your own place. Finally they give you a grant for your grades from
    previous school. I transferred there in January and all together got 10,000
    per semester.

    I suggest visiting the campus before your admission orientation. Then, once
    they ask you to come to a mandatory orientation remember to talk to the bursar
    office and ask them for financial assistance.
  • mom2collegekidsmom2collegekids Posts: 59,940Registered User Senior Member
    The COA for the school is about $50k, and this student has little to no money to contribute. Even if she luckily got $20k-25k per year in aid, she would have no way to pay the other $25k+ per year.

    It's very hard for a 0 EFC student to get the needed aid at schools that don't meet need....especially for transfers.

    also, the school requires health insurance (which it doesn't sound like this student has). The charge for that is $1740 per year.

    Unless this student has an alternate source of funds, I highly doubt LUC will be affordable.


    LoyolaPat...what was the breakdown of your aid package?

    Pell Grant:
    LUC grant:
    other grants:
    student loans:
    work-study:

    What was your EFC?
  • Mona1991Mona1991 Posts: 20Registered User New Member
  • cptofthehousecptofthehouse Posts: 24,043Registered User Senior Member
    Mona, you've done very well for yourself, better than most anyone. Many kids, mine included-and I love them dearly, are spoiled brats when compared to what most people get or don't get in terms of opportunities and gifts regarding college. Unfortunately, we also add to the hype that everyone should get the money to go to college when the hard reality is that for most people, getting that degree or even some courses is slow, expensive, difficult and has to be squeezed into ones' lives after the basic health, shelter, food needs are under control.

    Do sit down with a financial aid counselor. Bring a history of your aid so the person can tell you what you have left in federal and in some cases state aid. That way you can see what guaranateed monies you have. You can also see what possibilities there are for you.
  • mom2collegekidsmom2collegekids Posts: 59,940Registered User Senior Member
    Mona...what school do you go to now and what aid did you get this last year??
  • EileenMEileenM Posts: 132Registered User Junior Member
    Even though this is an older thread...I want to add that I applied to Loyola Chicago as a transfer student with an avg gpa.. and efc of 0 and received $15,000 per semester in grant/work study..Loyola is very generous with grant money especially for transfers! Each semester is 16,000
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