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To qualify for financial aid, graduate students must be enrolled as degree-seeking students on at least a half-time basis (3 credit hours per term). Please note that financial aid is not available to Graduate Certificate in Applied Analytics students. Eligibility for financial aid requires United States citizenship or permanent resident status. Graduate students may be eligible for $20,500 in loan funds each academic year. It should also be noted that federal legislation frequently modifies requirements and eligibility standards for financial aid.
FAFSA Procedures
Because financial aid is awarded on an annual basis, these procedures must be followed each year. While admission to a graduate program is not required to initiate an application for financial aid, new students will not receive confirmation of their financial aid award status until the Office of Financial Planning is notified that the admission process is complete.
- Students are required to file the FAFSA online at studentaid.gov. Electronic filing is an accurate and fast means of filing for financial aid.
- Upon request, applicants must submit all pages of completed tax forms for verification by the Office of Financial Planning.
Conditions of Financial Aid Awards
- All aid is awarded on an annual basis and aid amounts are credited to student accounts for each semester’s charges.
- Refunds of any excess credit will be made approximately halfway through each term through the Business Office. Refunds are generated when the student account reflects a credit balance resulting from direct payments and/or the posting of financial aid.
- Since aid is awarded on the basis of annual financial information from students, and college costs change each year, financial aid awards may vary depending on the changing circumstances.
- Outside sources of assistance - such as private scholarships and Vocational and Educational Services for Individuals with Disabilities (VESID), the U.S. Department of Veterans Affairs (VA) - must be reported to the Office of Financial Aid. Financial aid already awarded could be modified as a result.
- All awards of federal aid are tentative, pending approval and receipt of funds from the source.
- Costs on which financial aid eligibility is calculated include direct expenses such as tuition and fees and indirect costs such as books/supplies, personal expenses, transportation and at-home maintenance.
- Costs are estimated on a financial aid offer letter using a good faith estimate of credits per term. Your actual enrollment per term will determine the actual cost.
Notice to International Applicants
In addition to the General Requirements for Admission to Degree Study listed above, international applicants may be required to submit the following documentation:
Copy of passport photo
All international students will be prompted to upload a copy of their passport photo to their online application prior to being able to submit their application.
English Language Proficiency Loras College requires international students to demonstrate a minimum level of English proficiency for graduate level studies.
Applicants for graduate programs must submit one of the official test scores below:
- TOEFL (Test of English as a Foreign Language)
- Internet-based test - score of 80 or higher
- Paper-based test - score of 550 or higher
- IELTS (International English Language Testing System)
- SAT: 500 or higher on evidence-based Reading and Writing sections
- ACT: 21 or higher on both English and Reading sections
Proficiency scores must be sent directly to Loras College from the testing center and must not be more than 2 years old. The applicant’s file is not considered complete without the test scores.
Applicants who have received a baccalaureate degree from an accredited college or university in Australia, Barbados, Canada, Jamaica, New Zealand, Republic of Ireland, Singapore, United Kingdom, or the United States will not be required to submit English proficiency scores.
Credit Evaluation for College Coursework Completed Outside the U.S.
All international graduate applicants must order a foreign credential evaluation report showing the United States equivalency for academic credentials earned in other countries. Loras College accepts evaluations directly from either Educational Credential Evaluators, Inc. (https://www.ece.org/ECE) or Foreign Credits, Inc. (https://www.foreigncredits.com/). This evaluation will assist our Admission Office, advisors, and Registrar in helping applicants meet their educational goals.
Applicants should contact the Director of Admission for Graduate and Postbaccalaureate Programs if they have already received a foreign credential evaluation report from an organization other than ECE or Foreign Credits.
Because the external credential evaluations will require official transcript(s), applicants may submit an unofficial copy of their college transcript(s) from each institution attended to Graduate Admissions in lieu of an official copy(ies).
If admitted, international students will be required to complete Loras College’s Certification of Finances Form in order for us to start the I-20 process.
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