It is Loyola’s mission to promote and maintain a diverse student body, composed of young women and men from a wide range of cultural, ethnic and socioeconomic backgrounds. Our financial aid program is an important part of that mission, making our college preparatory education available to a more diverse student population than ever before. Financial aid is awarded to qualified students on the basis of financial need and is offered in the form of a grant. Financial aid awards are for one year and recipients must reapply annually.