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Financial Aid & Scholarships

Financial Aid

LIM online, on-campus, and extension students enrolling in 6 or more credit hours per semester are eligible for federal student financial aid as well as private student loans. For further information about federal aid for graduate students, please visit the PLUS Loan program page.

Students are also encouraged to seek out private scholarships, such as ones available through professional ministerial organizations of which they are a member, such as the National Association of Pastoral Musicians, and which offer member scholarships. Visit the Student Financial Services page for more information on aid, your bill, and payments.

U.S. students may be eligible for a Lifetime Learning Tax Credit. This tax credit was designed to help students acquire or improve job skills. Part-time students may apply. This is a tax credit equal to 20 percent of the first $5,000 of qualifying tuition paid or $1,000 maximum per family. Consult your tax advisor for complete details.

LIM Scholarships

LIM thanks all of our donors, particularly Joe and Kelly George, the families of Dr. Betty Montgomery and Ingrid Lilly Frohlich Burns, and the Mary Family Foundation, for their generous support of our scholarship funds.

Needs-Based Scholarship

The Loyola Institute for Ministry is committed to supporting students pursuing graduate degrees in pastoral studies and religious education. Recognizing that finances can be a barrier to those called to pursue advanced degrees, LIM has a limited number of partial scholarships ranging from $200-500 dollars per semester available to graduate students working full-time in ministry, either on a paid or volunteer basis and taking a minimum of three LIM courses per year, and enrolled in a LIM program requiring 12 or more credit hours for completion. Click here to see the tuition and fees for our programs.

Awards are based on financial need, which is demonstrated by completing an application that requires a Statement of Need to be uploaded with the application. The Statement of Need should be a single-spaced, 500-word document or PDF file. It must describe the financial circumstances you are experiencing that necessitate scholarship aid. Please have this file ready to upload before you begin the application.

Students can apply for a scholarship at any time, but must have a completed application and be admitted into a LIM graduate program to be considered for a scholarship award. In the current academic year, which runs from the fall semester through the summer semester, apply by August 5 to be eligible for an award for the fall semester, by December 5 to be eligible for an award for the spring semester, by May 5 to be eligible for an award for the summer semester.

Apply here»

Alumni Referral Scholarship

Alumnae and alumni of the Loyola Institute for Ministry are invited to refer new graduate or undergraduate LIM applicants to receive a one-time $500 scholarship. 

How It Works

  • An alum identifies potential candidates for a LIM undergraduate or graduate degree or certificate and makes sure it’s ok with them for you to submit their name and email address as part of your referral.

  • The alum completes this form for each person. 

  • LIM will contact the alum's referrals and invite them to apply. 

  • LIM will continue to alert the referral about LIM Open Houses and other LIM events, and they can always request to be removed from our contact list.

Fine Print

  • Anyone who has completed a LIM graduate or undergraduate degree or certificate, including CEU graduates, may refer someone for this scholarship. 

  • There is no limit to the number of people you may refer.

  • Applicants for LIM undergraduate or graduate degrees or certificates who have not previously taken LIM courses are eligible to receive the scholarship. Applicants for CEU credentials are not eligible.

  • This scholarship may not be combined with any other one-time LIM scholarships.

  • The scholarship is a one-time $500 scholarship for a student who enrolls in a course in the 2022 calendar year.

  • The scholarship will be credited to the accounts of eligible recipients who continue to be enrolled after the fifth complete week of the term.

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