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Not enough financial aid from Loyola Chicago

cat0620cat0620 4 replies1 threads New Member
I didn't receive as much aid as I expected from Loyola Chicago. Would it be reasonable to speak to the financial aid office about my FAFSA/need?? I know they don't give much money to begin with.
edited January 14
10 replies
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Replies to: Not enough financial aid from Loyola Chicago

  • EconPopEconPop 418 replies7 threads Member
    It cannot hurt to ask, but it probably won't help much if you're looking for more than another $1K-$3K. Start thinking of schools #2 and #3 immediately.
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  • austinmshauriaustinmshauri 9225 replies344 threads Senior Member
    The FAFSA EFC is primarily used to determine if you're eligible for a Pell Grant. To get an estimate of what a particular college might cost use the Net Price Calculator on their financial aid page.

    Unfortunately, if the gap between what your family can pay without borrowing and your net cost at Loyola is more than a couple of thousand dollars then it's probably unaffordable. Do you have any financial safeties on your list?
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  • Mwfan1921Mwfan1921 2956 replies49 threads Senior Member
    Although LUC is a private school that only uses FAFSA to determine need, they do not meet full need, and they tend to leave large gaps which they suggest be filled by parent plus loans. Don't take out any loans above and beyond the $27K undergrad total in Federal Direct Student loans.

    As noted above, if the difference between your EFC and their offer is more than a few thousand dollars, I would not expect that to be closed, but you can certainly ask. Do you have any better offers from LUC peer schools? If so, you can show them that when asking for more $. Only ask for more $ if you would likely attend there if they give you the $.

    Do you have any affordable schools that you have been accepted to yet? An affordable safety you are still waiting to hear from?

    Good luck.
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  • Coun2316Coun2316 54 replies1 threads Junior Member
    Do you qualify to apply for Loyola's Ignatian scholarships? They cover full tuition.
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  • cat0620cat0620 4 replies1 threads New Member
    edited January 15
    EconPop,
    Great, I was thinking of contacting the financial aid office. Not completely sure if I am attending but if they do happen to add money I most likely will.
    edited January 15
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  • cat0620cat0620 4 replies1 threads New Member
    austinmshauri,
    That's what my family and I have been thinking, we do not want to depend on loans. My top financial safeties are in state, which I will attend one if I do not receive any more aid from Loyola.
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  • cat0620cat0620 4 replies1 threads New Member
    Mwfan1921,
    I have received greater aid offers from schools. I was accepted into 2 in-state public universities- UofA and NAU, and the only out-of-state schools other than Loyola I applied to are private Catholic universities such as Saint John's University, Salve Regina University, and Saint Louis University- I have been accepted to all. I received much more merit-based aid from all of the other 3 Catholic universities, not including the pending need-based aid, which I don't anticipate as being too large of an amount. I will definitely provide the offers from those schools- I'm still stuck on Loyola as my #1 so hopefully that could add a small amount of aid. Thank you so much for your input!
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  • cat0620cat0620 4 replies1 threads New Member
    Coun2316,
    Unfortunately, I did not. I received the Dean's Scholarship from them.
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  • Mwfan1921Mwfan1921 2956 replies49 threads Senior Member
    cat0620 wrote: »
    Mwfan1921,
    I have received greater aid offers from schools. I was accepted into 2 in-state public universities- UofA and NAU, and the only out-of-state schools other than Loyola I applied to are private Catholic universities such as Saint John's University, Salve Regina University, and Saint Louis University- I have been accepted to all. I received much more merit-based aid from all of the other 3 Catholic universities, not including the pending need-based aid, which I don't anticipate as being too large of an amount. I will definitely provide the offers from those schools- I'm still stuck on Loyola as my #1 so hopefully that could add a small amount of aid. Thank you so much for your input!

    I would share SLU's aid offer with LUC...that is probably the only one of your schools they would consider as a peer (maybe Saint John's too).

    When you take total COA and subtract the institutional aid offer, how do the private schools compare in net costs?

    It's great that you have two affordable in-state options....congrats and good luck!
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  • mom2collegekidsmom2collegekids 84227 replies1040 threadsForum Champion Financial Aid, Forum Champion Alabama Forum Champion
    cat0620 wrote: »
    EconPop,
    Great, I was thinking of contacting the financial aid office. Not completely sure if I am attending but if they do happen to add money I most likely will.


    How much did LUC offer? How much more did you need?

    How much will your family pay per year?

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