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Office of Financial Aid

Tuition Exchange Programs

The Tuition Exchange Program, Inc.

2024-2025 Academic Year

Loyola University Maryland is one of just over 670 colleges and universities that participate in the Tuition Exchange Program, Inc. (TEP). Through this program, dependent children of faculty, administrators and staff are eligible for tuition remission at their parent’s home institution and may qualify for tuition remission at other participating colleges and universities.

Obtaining Proof of Eligibility

To obtain certification of your eligibility for the TEP benefit, request that the TEP Administrator at your home institution notify Loyola University Maryland, via the TEP webpage, that you are eligible and wish to be considered for the benefit.

Applying for Admission to Loyola University Maryland

You must be accepted for admission before you can be considered for the TEP benefit. TEP certification does not automatically qualify you for admission, nor does an offer of admission mean that a space will be automatically available in Loyola’s TEP Program. If receiving the TEP award is a determining factor in your enrollment decision, we'd recommend you do not apply Early Decision. Instead, please consider applying via the non-binding, Early Action and Regular Decision processes. 

Spaces in the Tuition Exchange Program are limited and are awarded on a competitive basis considering your high school academic record. The determination of your eligibility for a space in the Tuition Exchange Program will not be made until you are certified as eligible and accepted for admission. The TEP certification application must be received by Loyola no later than December 15, 2023.

If you are accepted for admission, you will be notified of your eligibility for the TEP benefit no later than April 1, 2024.  If you are not offered the benefit, your name will be placed on a waiting list. Students who choose to attend Loyola without the TEP benefit will automatically be considered for the benefit in subsequent years. Please be aware, however, we are unable to guarantee the TEP award to currently enrolled students given budgetary restrictions in any given year.

Applying for Financial Aid

It is recommended, but not required, that you apply for financial aid. It is possible that a financial aid offer may make it financially possible to attend Loyola University if a space in the Tuition Exchange Program is not available.

Submitting your deposit

A $750 deposit is required to reserve a space in the incoming first-year class and in on-campus housing. The deposit deadline is May 1, 2024, so it is important for you to submit your deposit as soon as you make the decision to attend Loyola.  Receipt of the TEP benefit does not automatically guarantee a class or housing space. The $750 deposit is non-refundable unless class and housing space is not available.

Terms and Conditions

  • TEP benefit recipients must enroll as full-time degree-seeking undergraduates and make satisfactory academic progress toward a degree.
  • The value of the TEP benefit at Loyola University is limited to 85 percent of tuition. The TEP award replaces any institutional scholarships previously awarded. TEP benefit recipients are expected to complete their degree within eight consecutive fall and spring semesters if the benefit is awarded as an entering first-year student; in six consecutive semesters if the benefit is awarded as a sophomore; or four consecutive semesters if the benefit is awarded as a junior. The benefit does not cover tuition for part-time, summer or graduate course enrollment, nor does it cover fees, room, meal or book expenses.
  • Use of the TEP benefit for study-abroad is limited to Loyola University-Sponsored and Loyola University-Exchange programs. The benefit may not be used to pay tuition for study abroad programs sponsored by other colleges and universities.
  • TEP recipients are not eligible to receive any type of institutionally-funded academic scholarship or need-based grant assistance from Loyola University. Scholarships/grants from non-institutional sources will be added up to the maximum value of remaining tuition, additional fees and room charges before reducing the TEP benefit.
  • TEP recipients must have their parent’s home institution re-certify eligibility for the benefit annually. Re-certification statements must be submitted no later than May 1 each year.

The FACHEX Program

2024-2025 Academic Year

Loyola University Maryland is one of 27 Jesuit colleges and universities that participate in the Faculty and Staff Children Exchange Program (FACHEX). Through this program, dependent children of faculty, administrators and staff are eligible for tuition remission at their parent’s home institution and may qualify for tuition remission at other participating Jesuit colleges and universities.

Obtaining Proof of Eligibility

To obtain certification of your eligibility for the FACHEX benefit, request that the FACHEX Administrator at your home institution notify Loyola University Maryland, via the TEP webpage, that you are eligible and wish to be considered for the benefit.

Applying for Admission to Loyola University Maryland

You must be accepted for admission before you can be considered for the FACHEX benefit. FACHEX certification does not automatically qualify you for admission, nor does an offer of admission mean that a space will be automatically available in Loyola’s FACHEX Program. If receiving the FACHEX award is a determining factor in your enrollment decision, we'd recommend you do not apply Early Decision. Instead, please consider applying via the non-binding, Early Action and Regular Decision processes. 

Spaces in the FACHEX Program are limited and are awarded on a competitive basis considering your high school academic record. The determination of your eligibility for a space in the FACHEX Program will not be made until you are certified as eligible and accepted for admission. The FACHEX certification application must be received by Loyola no later than December 15, 2023.

If you are accepted for admission, you will be notified of your eligibility for the FACHEX benefit no later than April 1, 2024. If you are not offered the benefit, your name will be placed on a waiting list. Students who choose to attend Loyola without the FACHEX benefit will automatically be considered for the benefit in subsequent years. Please be aware, however, we are unable to guarantee the FACHEX award to currently enrolled students given budgetary restrictions in any given year.

Applying for Financial Aid

It is recommended, but not required, that you apply for financial aid. It is possible that a financial aid offer may make it financially possible to attend Loyola University if a space in the FACHEX Program is not available.

Submitting your deposit

A $750 deposit is required to reserve a space in the incoming first-year class and in on-campus housing. The deposit deadline is May 1, 2024, so it is important for you to submit your deposit as soon as you make the decision to attend Loyola.  Receipt of the FACHEX benefit does not automatically guarantee a class or housing space. The $750 deposit is non-refundable unless class and housing space is not available.

Terms and Conditions

  • FACHEX benefit recipients must enroll as full-time degree-seeking undergraduates and make satisfactory academic progress toward a degree.
  • The value of the FACHEX benefit is full-tuition. The FACHEX award replaces any institutional scholarships previously awarded. FACHEX benefit recipients are expected to complete their degree within eight consecutive fall and spring semesters if the benefit is awarded as an entering first-year student; in six consecutive semesters if the benefit is awarded as a sophomore; or four consecutive semesters if the benefit is awarded as a junior. The benefit does not cover tuition for part-time, summer or graduate course enrollment, nor does it cover fees, room, meal or book expenses.
  • Use of the FACHEX benefit for study-abroad is limited to Loyola University-Sponsored and Loyola University-Exchange programs. The benefit may not be used to pay tuition for study abroad programs sponsored by other colleges and universities.
  • FACHEX recipients are not eligible to receive any type of institutionally-funded academic scholarship or need-based grant assistance from Loyola University. Scholarships/grants from non-institutional sources will be added up to the maximum value of additional fees and room charges before reducing the FACHEX benefit.
  • FACHEX recipients must have their parent’s home institution re-certify eligibility for the benefit annually. Re-certification statements must be submitted no later than May 1 each year.

Questions?

Address additional questions concerning Tuition Exchange and FACHEX Programs to:

Diane M. Roche
Assistant Director
410-617-2576
800-221-9107
droche@loyola.edu