The university's refund policy is published in each of the university bulletins: the undergraduate bulletin, the graduate bulletin, and the law bulletin. Specific deadline dates are customarily published in each semester's academic calendar available on the web site. A quick link to the current semester's refund schedule can be found here.
The university’s general policy on refunds is described below. Federal statute requires an alternate calculation for recipients of federal Title IV financial assistance. More information on the alternate calculation for federal aid can be obtained from the Scholarships and Financial Aid office. Please note that this alternate calculation may affect the amount of money you owe or is owed to you by the university.
Full-time students who withdraw from the university or part-time students who drop a course(s) may be entitled to a refund of all or a percentage of their tuition. Refunds are available through direct depositor through a check. Students who withdraw must return a completed withdrawal form to the Office of Student Records. Mere cessation of attendance does not constitute withdrawal. The date of receipt of the withdrawal notice by the Office of Student Records will determine the amount of tuition refund. Refunds are a percentage of the tuition payable in the semester in which the student withdraws, not a percentage of the total amount billed. Only tuition is refundable. No refunds are made when a student is suspended or dismissed for academic, disciplinary, or financial reasons, or when a full time student reduces their course load to part time after the deadline for 100% refund.
Tuition refunds are made for the semester-long fall and spring semesters on the following basis:
Summer Semester/Special Session
Since special sessions, short sessions, and summer sessions vary in length, students are encouraged to refer to the academic calendar for those refund deadlines. Click here for a quick link to the current semester's refund schedule.
Students forced to withdraw for medical reasons are referred to the Office of Student Affairs for special medical withdrawals.
Students who withdraw from the university may be entitled to a refund of all or a percentage of their room and board charges. Students who withdraw must return a completed withdrawal form to the Office of Student Records that includes appropriate signatures from the Office of Residential Life and the Office of Student Affairs. Mere cessation of attendance does not constitute withdrawal from the university. Students wishing to cancel housing and remain a student of the university and who are eligible to move off campus are also entitled to a refund of a portion of their room and board charges. Students wishing to cancel their housing must do so in writing to the Office of Residential Life.
Amount of refund will be determined by the date of receipt of the withdrawal notice by the Office of Student Records, or the date of official check out from the student's assigned residence hall, whichever is later. No refunds of room or board will be made when a student is evicted, suspended, or dismissed for academic, disciplinary, or financial reasons. Residence council fees are non-refundable.
During summer sessions, room and board charges will be pro-rated to actual usage, rounded up to the next full week when a student officially withdraws. However, no refunds on room or board will be given after 50% of the session has expired. Unused Wolf Bucks purchased for the summer sessions are not refundable other than by official withdrawal from the university, but are carried forward to the next academic year for students who continue their enrollment at Loyola.
With the current level of education costs, we have a concern for the student who suffers a serious illness or accident and has to leave Loyola before the semester is completed. In many instances, it means not only the loss of time invested in studies, but also the loss of the semester's costs.
You can protect your college investment with Tuition Refund Insurance. This elective coverage offers up to a 100% refund for covered educational expenses, up to the policy limits, for students who can't complete classes for the semester due to a covered medical reason.
Learn more, or call our Tuition Refund Insurance provider at (877) 445-0264 with questions.
Loyola University New Orleans is offering this free service to its students who are eligible for refunds.
To have your tuition refund directly deposited into your checking or savings account, you must setup your e-Refund Profile. Once your profile has been created, complete the Online Refund Request Form.
(If you prefer a check mailed to you, please do not complete the e-Refund Profile or if you have one set up, please delete it. Refunds to parents and other third party payers cannot be made by e-Refund. Checks will be mailed for these refund requests.)
Please make sure to complete all fields when completing your e-Refund Profile. Failure to do so could cause the direct deposit to be rejected by your financial institution.
E-Refund Profile Setup Instructions:
Once you have read the instructions, click YES to proceed to our secure e-Commerce system
Please Note: e-Refunds can only be processed to the student and only if the student has a checking or savings account stored within the e-Commerce system. No parent or 3rd party refunds are allowed through the e-Refund process.
If you usually get a financial aid refund, read on! Once your aid has arrived and paid your tuition bill, you may have excess funds for books. Now you may be allowed to charge your textbooks directly to your tuition account - without waiting for your refund or waiting in line for a book voucher. Limits apply:
Ask Follett Bookstore if you have credit available for your textbooks. They can tell you if you have available funds, meaning that you have excess financial aid or other available credit on your tuition account. Then be sure to include that amount on your refund request so we don't have to bill you for it later. In the event your refund is generated without deduction for bookstore charges you made, or if any financial aid or credit is reduced after you charge your textbooks, you are responsible to the university for the charges.
After all tuition, fees and other charges are paid and you still have excess funds in your student account, you may request a refund or a deposit to your Express Card. Direct Deposit refunds are now available and can easily be set up. Click here to learn more about setting up an e-Refund profile.
A refund can be requested by using our or from the Account Summary page in LORA. Refunds usually require about a week processing time and will be released only when all funds are received. However, if payment was made by credit card, the same card used to make the payment will be refunded; see our Overpayment/Excess Aid section above. If you want us to transfer funds to your Express Card for use across campus, just let us know how much you want us to transfer on the or contact the Student Finance Office.