Post-Baccalaureate Financial Aid
The Pre-Health Post-Bacc Program is considered a fifth year of undergraduate studies and students can qualify to borrow student loans under certain conditions. Students enrolled in this program are not eligible for scholarship or grant assistance from Loyola or the federal government.
Federal Student Loans (FAFSA)
Those students enrolled in the Pre-Health Post-Bacc Program can qualify for an award package with federal student loans from the FAFSA if they demonstrate that the courses they will attend are necessary prerequisites for admission to a graduate or doctoral degree-seeking program for which they have not already earned college credit*.
*Students enrolling in the post-bacc program simply to raise their cumulative grade-point average or to retake courses for better grades do not qualify.
As a fifth-year undergraduate, eligible students may borrow a maximum of $12,500 in federal subsidized and/or unsubsidized loans during their program.
A federal student loan award package is valid for 12 consecutive months from the student’s first date of attendance.
There are no exceptions to this rule, including if a student takes time off in their studies; their course of study lasts longer than 12 months; or they did not qualify for loans in any semester within the 12-month period because they did not reach half-time enrollment.
Half-time enrollment - which is a minimum of six (6) credit hours in a semester - is required to receive student loan disbursements each semester. A student would be ineligible for loan disbursements only in the individual terms in which they attend less than half-time.
Interested students meeting all these criteria should complete the Free Application for Federal Student Aid (FAFSA) for the current school year to apply for federal student loans.
Additional requirements to be offered federal student loans are:
Meet the minimum requirements for federal aid eligibility
Have remaining eligibility for federal student loans (based on borrowing history and current student loan debt)
More information about borrowing federal student loans can be found online at studentaid.gov.
Contact Kaitlin Harper-Loendorf in the Office of Financial Aid with questions or for assistance.
Private Student Loans
The same eligibility criteria do not apply to private student loans. Interested students may apply for a student loan from the lender of their choice. Private student loan funds are not limited to a 12-month period and there is no set borrowing limit - a student may borrow private student loan funds up to their Cost of Attendance (COA), or maximum budget for the school year, in order to receive a refund to the student. Half-time enrollment - which is a minimum of six (6) credit hours in a semester - is required to receive student loan disbursements each semester. A student would be ineligible for loan disbursements only in the individual terms in which they attend less than half-time.
Students eligible for VA benefits may qualify to use those benefits in this program. Our VA certifying official is Kathy Gros. Please contact her at firstname.lastname@example.org with any questions regarding military education benefits.
Auto/Expedited Admit Requirements (Only for Loyola Students)
The Auto-Admit Merit Program offers automatic/expedited admissions to our top-performing Loyola graduating seniors and alumni (within the past 5 years) into a selection of master's programs. Additionally, students are eligible for significant merit discounts determined by their undergraduate GPA.