Financial Aid at LUM?

funfatdaddy
Sun, 14 Aug 2011 09:42:16 +0000

I am the parent of a rising sophomore with a Presidential scholarship in the Honors Program. Our DS loves Loyola. Fortunately or unfortunately, we do not qualify for financial aid, but I do hear that Loyola works hard at meeting financial need. Princeton Review, rates Loyola a 96 for meeting need. Loyola meets 97 percent of financial need according to both US News and the Princeton Review. (Please be aware that both publications are behind with admissions information which 2 years old, as both the quantity and quality of applications at Loyola has risen the past couple of years.) In reference to merit aid, both the Claver Scholarship and the Presidential Scholarship have some pretty high standards. I believe a 3.7+ unweighted gpa and 1350+ M & CR SATs or ACT equivalent are the recommended standards for Presidential consideration. The Claver Scholarship for diversity candidates has also seen a stronger pool of candidates the past few years. Recently I have read on this board of many qualified applicants with high gpas and great activities not offered merit aid due to the recent increase in competition among freshman applicants. Loyola is now SAT/ACT optional, so a very strong candidate can still earn merit aid without submitting standardized test scores. I agree with JRZMom that it would be a good idea for your student to retake the SAT and ACT. In any event, earning an acceptance into Loyola is the key as they will work with you if you have demonstrated financial need.
Good luck to you and your student in your college search. I believe Loyola will offer her an outstanding educational experience.