Many families may find it necessary, or more convenient, to apply for other loan programs.
College is recognized as an important investment and the expense can be financed.
If your family is not eligible for need-based financial assistance or chooses not to apply, the Federal PLUS Loan Program offers an alternative resource. If your family receives financial assistance but wishes to finance all or part of your expected family contribution, these programs can close the gap between total costs and the financial assistance offered by Loyola. Eligibility for some of these programs is based upon the creditworthiness of your parents. The Federal PLUS Loan is available to parents of dependent undergraduate students. For the 2000-2001 academic year, parents may borrow up to the full cost of attendance minus other assistance.