Loyola University New Orleans Scholarships: A Comprehensive Guide

Loyola University New Orleans offers a variety of scholarships to help students finance their education. These scholarships are based on a number of factors, including academic achievement, talent, and financial need. This article provides a detailed overview of the scholarships available at Loyola University New Orleans and the requirements for eligibility.

Merit-Based Scholarships

Loyola University New Orleans automatically considers applicants for academic merit scholarships upon application. These scholarships recognize outstanding academic achievement, competitive test scores (though Loyola is test-optional, scores may be required for certain programs like TOPS and NAIA eligibility), and significant community involvement. Historically, admitted students who qualified for a merit scholarship applied with at least a 3.0 GPA on a 4.0 scale.

Ignatian Scholarship for Academic Excellence

The Ignatian Scholarship is the most prestigious merit scholarship awarded by Loyola. Recipients receive a four-year, full-tuition and fees scholarship, on-campus housing and meal plan allowance, and automatic admission into the University Honors Program. Applicants for the Ignatian Scholarship for Academic Excellence must participate in an interview and submit a resume showcasing community involvement and demonstrated leadership.

Honors Scholarship

Students admitted to the University’s Honors Program will be awarded the Honors Scholarship. The mission of the University Honors Program (UHP) at Loyola New Orleans is to provide an enriching academic environment that fosters a strong sense of community and challenges our students to utilize their gifts to become men and women for and with others.

Transfer Merit Scholarship

The Transfer Merit Scholarship is open to transfer students at Loyola University New Orleans and selection is based on academic merit. Applicants with less than 12 credit hours may be asked to submit their high school transcript.

International Student Scholarships

Loyola offers a full range of merit-based scholarships, up to and including full tuition, for qualified international applicants. Generally, students must have at least a 3.0 cumulative GPA to qualify.

Talent-Based Scholarships

Loyola University New Orleans also offers talent-based scholarships in the areas of music, theatre arts, visual arts, and athletics.

Performing Arts Scholarships

These scholarships are awarded annually to music, theatre arts, and visual arts majors (performing only). Students interested in applying to the College of Music and Media should indicate their preferred academic major on their Loyola application. Auditions, interviews, or portfolio submissions are a requirement to major in this college.

Visual Arts Scholarship

There are also talent-based scholarships for freshmen and transfer students in the Department of Visual Arts. To be considered, freshmen must have been accepted for admission and must submit a portfolio. The Visual Arts Scholarship is available to incoming freshmen at Loyola University New Orleans who are visual arts majors. Applicants must also demonstrate significant community involvement and leadership ability.

Ensemble Award

The Ensemble Award is a scholarship opportunity for non-music majors to participate in classical or jazz ensembles within Loyola's School of Music. This scholarship is only available to classical and jazz musicians.

Read also: Applying for Loyola Scholarships

Athletic Scholarships

Loyola University New Orleans is a member of the National Association for Intercollegiate Athletics (NAIA) and the Southern States Athletic Conference (SSAC), competing at the Division I level. Scholarships are available for qualified players.

Need-Based Aid

In addition to merit-based and talent-based scholarships, Loyola University New Orleans offers need-based aid to students who demonstrate financial need.

FAFSA

To be considered for need-based aid at Loyola University New Orleans, students must complete and submit the Free Application for Federal Student Aid (FAFSA). The Loyola University New Orleans FAFSA Code is 002016. The FAFSA becomes available on Oct. 1 each year, and incoming students should file it by the priority deadline of March 1 to be considered for maximum aid. Completing the FAFSA is a good idea even if you don’t think your family qualifies for need-based aid. Students must demonstrate a financial need to qualify for need-based scholarships.

Social Justice Scholarship

The Social Justice Scholarship is a financial award and student program that provides a way for Loyola students to live out the Jesuit tradition of academic excellence and the pursuit of social justice. Administered by the Department of Sociology, this program integrates academic learning with social action. Eligible students are first required to major or minor in Sociology and engage in 45 hours of community service per semester while keeping at least a 2.75 GPA. Each month, the Scholars will gather and share a meal together, discuss their service work and share their responses to a common reading that addresses issues of inequality and justice.

External Scholarships and Grants

Loyola's Office of Scholarships and Grants can help students find and secure additional funding through external scholarships, private grants, and donor-funded awards. Through their scholarship matching platform called Scholarship Universe, students can get matched with vetted external scholarships tailored to their profile.

Read also: ACT Scores for Loyola

Scholarship Universe

Scholarship Universe is Loyola’s scholarship matching platform designed to help you discover funding opportunities beyond traditional institutional, federal, and state aid. You can access Scholarship Universe through your Single Sign On (SSO) portal and create your unique profile to start finding scholarships. You can create your profile on Scholarship Universe and start searching for funding opportunities at any time.

BEST (BUNAC Educational Scholarship Trust) scholarships

The BEST scholarships offer financial assistance to eligible applicants who are looking to undertake postgraduate study in the USA or Canada. They are funded by the BEST Scholarship Trust which is an independent trust administered by BUNAC on behalf of the BEST trustees. Individual award amounts vary, but a typical award ranges from £5,000 - £15,000. To be eligible, applicants must hold a U.K. The application deadline is 17 March 2023.

Leo S. Rowe Pan American American Fund

The Leo S. Rowe Pan American American Fund is also available.

Private Organizations

A number of private organizations award scholarships to Louisiana residents. Each scholarship has its own eligibility requirements and application process.

Specific Scholarship Funds

Loyola University New Orleans, through the generous support of alumni and other donors, offers a number of named scholarships for students with a range of majors and from a wide variety of backgrounds:

Zona B. Davis Memorial Scholarship: Available to students majoring in music or fine arts.
William John Gilbert Memorial Fund: Available to students majoring in business.
V.M. Wheeler, III Scholarship: Available to students majoring in business.
Thomas Farr Memorial Scholarship: Available to students majoring in business.
Spato Scholarship: Available to students at Loyola University, New Orleans.
ROTC Scholarship: Available to students majoring in social sciences.
Roger J. Schuler Scholarship: Available to students majoring in business.
Richard Drew Wilkie Memorial Scholarship: Available to students majoring in business.

Satisfactory Academic Progress (SAP)

Loyola University New Orleans, in accordance with Federal Regulations, reviews all students’ academic records to determine if each student is making Satisfactory Academic Progress (SAP) towards earning their degree. All undergraduate students enrolled in all programs leading to a degree must have a minimum cumulative Grade Point Average of 2.0 and successfully complete at least 66.67% of attempted credit hours.

SAP Standards

Minimum GPA: 2.0 cumulative
Completion Rate: Successfully complete at least 66.67% of attempted credit hours

Examples:

If the total credits attempted in the fall equal 15 credit hours, then the student must pass 10 credit hours or more to maintain 66.67% completion rate.
If the total credits attempted in the fall equal 6 credit hours, then the student must pass 4 credit hours or more to maintain a 66.67% completion rate.
If the total credits in the student’s degree plan are 120 hours, then the 150% maximum is 180 hours.
If the total credits in the student’s degree plan are 36 hours, then the 150% maximum is 54 hours.

Coursework Considerations

Attempted Credits: All credits in which a student has registered are considered attempted credits, whether or not the course is completed.
Incomplete Grades (I): A temporary Incomplete grade (“I”) may be given to a student who is unable to complete the required coursework during the semester for reasons beyond her/his control. Credits which are attempted, but not completed (I) are included as attempted credits. If an undergraduate course remains incomplete after 6 weeks from the start of the following term, the class is coded as a failure (F).
Failed (F) or Withdrawn (W) Grades: Incomplete grades (I), Failed (F) or Withdrawn (W) will be considered attempted credits but not successfully completed.
Transfer Credits: All transfer credits which fulfill degree requirements will be included in attempted and earned credits. Hours transferred to Loyola University New Orleans will be counted as attempted and earned.
Repeated Credits: Each multiple attempt at any given course will count towards attempted credits regardless of how they are treated in a student’s GPA (ex. Academic Forgiveness). A student may receive aid for a completed course they wish to retake only once.

Financial Aid Warning and Suspension

If a student is found to not be making Satisfactory Academic Progress they will be granted one Financial Aid Warning semester. Any student on Financial Aid Warning who fails to meet the semester requirements will be placed on Financial Aid Suspension and is no longer eligible to receive any form of financial aid, including loans.

Appeals and Financial Aid Probation

A student has the right to appeal a suspension of financial aid due to mitigating circumstances such as, but not limited to, illness, military service, injury, or a special circumstance. Appeals must be submitted to the Financial Aid Office using the Satisfactory Academic Progress Appeal Form. Upon appeal approval, the student will be placed on Financial Aid Probation. As a condition of the financial aid probation, the student must adhere to all requirements outlined in the completed and signed academic plan. The academic plan will include the performance expectations for the term or terms of the Financial Aid Probation. The academic plan will be reviewed at the end of each term. If the academic plan expectations have been met, the academic plan will continue for the subsequent semester until such time that the student has renewed eligibility due to meeting overall SAP, or has graduated. Graduate/professional students are not required to complete an academic plan. The requirements within the Academic Plan must be met to regain eligibility. Students will need to meet the standards of the Academic Plan each payment period until meeting overall SAP standards.

Scholarship Renewal

Four-year academic scholarships are automatically renewed for up to eight semesters if the student maintains satisfactory academic progress. Scholarships do not apply to summer session courses or to non-Loyola study abroad programs. Students must notify the Office of Financial Aid of any other scholarships they might receive.

Return of Title IV Funds

Federal Financial Aid funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. If a recipient of Title IV grant or loan funds withdraws from a school after beginning attendance, the amount of Title IV grant or loan assistance earned by the student must be determined. If the amount disbursed to the student is greater than the amount the student earned, the unearned funds must be returned. A students award will be adjusted to reflect the percentage of aid earned based on the number of days in the semester that have elapsed before the student indicated an intent to withdraw to a university official. Students that withdraw after the 60% mark of the payment period are considered to have earned 100% of their pay period award. If the student receives more Title IV Aid than the amount earned, the school, the student, or both must return the unearned funds in a specified order. The amount of federal student aid to be returned is determined by subtracting the amount of earned Title IV aid from the amount of Title IV aid that was actually disbursed. In some cases, the student is responsible to return unearned Title IV program assistance (not returned by the school). This amount is determined by subtracting the amount returned from school from the amount of unearned funds. This is the initial amount due from the student as a student does not have to return the full amount of any grant repayment due. Federal Tuition Assistance funds are paid on behalf of the student under the assumption that the student will attend school for the entire period for which the assistance is paid. If a recipient of tuition assistance funds withdraws from a school after beginning attendance, the amount of tuition assistance earned by the student must be determined. A students tuition assistance will be adjusted to reflect the percentage of aid earned based on the number of days in the semester that have elapsed before the student indicated an intent to withdraw to a university official. Students that withdraw after the 60% mark of the payment period are considered to have earned 100% of their pay period award.

Key Takeaways

Loyola University New Orleans offers a wide variety of scholarships based on merit, talent, and need.
To be considered for merit-based scholarships, apply for admission by the specified deadlines.
Complete the FAFSA to be considered for need-based aid. The priority deadline is March 1.
Maintain Satisfactory Academic Progress (SAP) to continue receiving financial aid.
Explore external scholarship opportunities through Scholarship Universe and other private organizations.
The Office of Financial Aid provides information for and administers all aid programs on campus.
The Office of Scholarships and Grants connects students with external funding opportunities.

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