In the spirit of St. Ignatius, Loyola’s administration, Board of Trustees, faculty, and staff intentionally strive to keep a Loyola education affordable and accessible by charging less than the actual cost of education for all students.
For the 2016-17 school year, the subsidized tuition rate is $9,200 while the cost of education per student is approximately $11,400. This difference of $2,200 per student is made up through voluntary gifts above tuition.
The financial aid application process is part of the online TADS registration process. Students must be accepted and registered at Loyola before applying for assistance. Application deadline is March 15, 2017. Loyola does not award academic or athletic scholarships.
1. Need-based Loyola assistance
Loyola College Prep’s financial assistance program provides tuition relief to deserving students who are qualified for, but cannot afford, a Loyola education. The primary source of money is the interest income from Loyola’s Endowed Scholarships . Income derived from the fund’s investments is earmarked for financial assistance and also helps to offset the school’s operating expenses. In addition, money raised for Loyola’s Community Scholarship Fund provides additional funding for need-based aid. The majority of Loyola’s financial aid awards are derived from these sources. Annual Fund gifts are NOT used for financial assistance.
2. Need-based independent outside source financial assistance
Currently there are two other forms of outside assistance that Loyola accepts – ACE and ARETE scholarship. These two programs are available for student who attended public school in the previous school year before attending Loyola and have a financial need based on the programs’ income limitations. Families must apply directly to the programs and name Loyola as their school of choice. For more information on the ACE and ARETE Scholarship programs, please review the websites below:
ARETE Scholarships: www.aretescholars.org or 225-245-3610
ACE Scholarships: www.acescholarships.org 504-491-1813
3. Need-based aid through the Catholic Diocese of Shreveport
Catholic applicants who request financial aid consideration via TADS are automatically considered for Diocesan assistance.
4. Alumni Awards (non need-based)
a) St. Vincent's Academy Alumnae Awards: Children and grandchildren of St. Vincent's Academy alumnae are eligible to apply.
b) Flyer Alumni Association Awards
Financial assistance assists with TUITION ONLY. Registration and student fees are not covered by this program.
In order to be considered for financial assistance, applicants must:
- Be registered at Loyola College Prep.
- Complete the online application forms (See TADS Financial Aid Application below). Parents who need assistance completing the application may contact TADS Parent Support 1-800-477-8237 or contact Tanika Nash, Loyola Business Office at firstname.lastname@example.org or 318-226-6293).
- Be current in their existing account with the school (if applicable)
- Maintain a 2.0 minimum grade point average with no failing grades.
THE DEADLINE TO SUBMIT AN APPLICATION FOR FINANCIAL AID IS MARCH 15, 2017.
Funds for financial assistance are limited. Notification will be provided by May 1, 2017.
- Is my child able to earn either an academic or sports scholarship to attend Loyola College Prep?
- Do I need to be admitted before I can apply for financial aid?
- When is the deadline to apply for tuition assistance and when will it be awarded?
- Is there a fee to apply for tuition assistance?
- How is the amount of financial aid determined?
A: No, all financial assistance at Loyola is based on the financial need of the family. The need is reviewed through an online application process evaluated by an outside firm, TADS. The process is completely confidential. TADS has representatives available by phone or email to help our parents through this process.
A: Loyola will begin accepting applications during registration. The deadline for all students is March 15, 2017. Please complete the application as early as possible and before the deadline in order to be considered. Applications are reviewed and notifications are expected to be provided by April 30, 2017.
A: The school has a limited amount of financial aid that can be awarded based on the school’s budget. Applicants are encouraged to apply as soon as possible. The amount of the award is dependent upon the need of the family, the number of applicants who apply, and the availability of funds. Financial Aid will not cover 100% of tuition. Parents are expected to sign an agreement for their partial payments. Also installment payments up to 12 months are available for your convenience.