As a private school, Loyola Academy relies extensively on tuition to fund its operations. Consequently, it is essential that those responsible for paying a student’s tuition do so on a timely basis in accordance with their selected tuition payment plan.
If, after selecting a payment plan, a parent or guardian encounters unanticipated financial difficulty, it is the parent’s or guardian’s responsibility to notify the Business Office as soon as possible to discuss an alternative payment plan.
Failure to pay tuition in accordance with a parent’s or guardian’s selected tuition plan can result in serious repercussions for the student. If a student’s parent or guardian has an outstanding balance from a previous year, the student and any siblings will not be able to enroll and attend class until the outstanding balance is paid. If a student’s parent or guardian has not made a tuition payment prior to the start of school, the student and any siblings will not be able to enroll or attend class until the outstanding balance is paid. If tuition becomes delinquent during the school year, the student will be allowed to attended classes and sit for exams up until the end of the semester in which the delinquency occurs. However, the student will not earn credit for his or her coursework until the delinquent tuition owed to Loyola Academy is paid by the student’s parent or guardian. Also, while the student’s tuition remains delinquent, the student will not be able to participate in interscholastic athletics or other cocurriculars such as theater, dance or student council. Finally, if delinquent tuition is not paid by the end of the semester, the student will be required to withdraw from Loyola Academy.
In cases where the student is required to withdraw, the student’s official transcript will remain incomplete and will not be released until the outstanding tuition balance is satisfied. Additionally, while seniors with delinquent tuition balances will be allowed to participate in graduation exercises, they will not receive a diploma until their delinquent tuition balance or any outstanding fees are paid. Also, a senior's final and official transcript will remain incomplete and will not be released until his or her delinquent tuition balance and any outstanding fees are paid. In addition, this policy applies to unreturned library books, athletic equipment or any other property of Loyola Academy.
If you have any questions regarding our tuition policy, please feel free to contact Director of Tuition and Financial Aid Ms. Julia Biasco at 847.920.2427.