Incoming students and returning students who have preregistered are mailed a bill for tuition, fees, residence hall charges, and board plans prior to the beginning of the semester. All payments are due 30 days from the billing date unless other arrangements have been made. Accounts not paid by the due date will be placed in a past due status. Students who are not early registrants, students taking special program courses or continuing education courses, and all international students must pay in full at the time of registration. A late fee of $250 will be assessed on accounts in past due status. If a bill is not received or if an adjustment should be made to the bill, the student should contact the Office of Student Finance so that payment can be made by the deadline. Students who have not met their financial obligations or made appropriate arrangements through the Office of Student Finance have not officially completed registration and may be subject to removal from enrollment and will not be allowed to register for subsequent semesters. Students whose checks are returned from the bank as unpaid also may be subject to removal from enrollment. Loyola will withhold statements of honorable dismissal, transcripts, the diploma, and all other reports or materials until all indebtedness to the university has been paid or until satisfactory arrangements have been made with the vice president for finance and administration. Students are not allowed to enroll for subsequent semesters as long as prior financial indebtedness has not been satisfied. It is also the policy of Loyola to withhold transcripts, registration, and diplomas on any student who has defaulted on a Guaranteed Student Loan, Stafford Loan, Direct Loan, Perkins Loan, NDSL, Nursing or other student loan. In the event that the delinquent account is placed with an outside agency for collection, all collection costs, attorney fees, and court costs incurred will be passed on to the student.
Monthly Payments
Although Loyola has no monthly payment plan of its own, students may subscribe to one of two plans offered by outside companies. TuitionPay by Sallie Mae and Tuition Management Systems, Inc. offer families several monthly payment options to help make education expenses more affordable. The Interest-free Monthly Payment Option enables families to spread all or part of the annual tuition, fees, residence hall charges, and board plans over equal, monthly payments. There are no interest charges, only a small annual fee. Please contact the Office of Student Finance at (504) 865-3337, or visit our website at http://finance.loyno.edu/student-finance/monthly-budget-plans for more information on these programs.