Financial Aid

Financial Aid and Diversity

Loyola Academy has long been committed to providing a Jesuit education to a broad range of students from diverse economic backgrounds.  We draw students from over eighty Chicago area zip codes. 

Subject to the outcome of the admissions process, we want your child to be a part of the tradition of this vibrant school.  It is important, therefore, to assure you that Loyola Academy will underwrite any demonstrated financial need through our tuition assistance program.

This school year Loyola Academy is awarding almost $4 million in scholarships based on financial need.  The recipients of these awards are as diverse as our student body.  There is no standard formula for determining an award.  Each case is considered individually.  We have made awards to families with no means of support and to families with six figure incomes.  The average award this year was $6,800.  The size of the awards have varied from $1,000 to full tuition.  Where our recipients live is equally varied.  They live in Chicago and over twenty-five suburbs including Niles, Evanston, Highland Park, Glenview, Park Ridge, Wilmette and Winnetka, to name a few.

More information on Loyola's Financial Aid Program is available in our Financial Aid FAQs.

Applying for Financial Aid

Applying for financial aid requires the submission of forms to both FACTS Grant & Aid Assessment and Loyola Academy. Please be sure to follow these steps to ensure your application is complete:

Please note that the deadlines for submitting completed Financial Aid applications are very important (check the Financial Aid FAQs for more information).  Applications submitted after the deadline may not be able to be processed since budgeted funds may no longer be available.

• Submit an application to FACTS. [Online application] There is a $25 application fee.
• Submit copies of your most recent W-2 and tax forms by mail to FACTS.
• Complete Loyola's Financial Aid Application and mail it along with copies of your most recent tax return.

Sallie Mae Loans

The Sallie Mae K-12 Family Education Loan lets families make monthly payments toward their children's private education.  For more information on these loans, please visit the Sallie Mae web site.