Loyola University Chicago

Financial Aid Office

FACHEX and Tuition Exchange

 

The following information is specific to the FACHEX and Tuition Exchange scholarship programs, and not Loyola's internal Tuition Benefit. To learn more amount Loyola's Tuition Benefit process, please visit our Human Resources website. 

 

About FACHEX and TEP

Application Process for LUC Employees

Application Process for Non-LUC Employees

Contact

FACHEX and TEP Award Amounts at LUC

Additional Policies

 

FACHEX and Tuition Exchange Program (TEP) at Loyola University Chicago

FACHEX and TEP are undergraduate tuition remission options that allow dependents eligible for tuition benefits at Loyola University Chicago (LUC) to apply for possible scholarship at participating Jesuit (through FACHEX) or other (through Tuition Exchange) host institutions. It is important to note that FACHEX and TEP awards tend to be extremely limited in number and highly competitive in terms of selectivity. Therefore, there are NO guarantees to the children of any given faculty or staff member that they will be able to utilize FACHEX or TEP at the institution of their choice.

What is FACHEX?
Established by the Conference of Academic Vice Presidents of the Association of Jesuit Colleges and Universities (AJCU) in 1971, FACHEX is an acronym for Faculty and Staff Children Exchange. Twenty-six Jesuit universities participate in the FACHEX program (Georgetown University is the only U.S. AJCU school not participating).

What is Tuition Exchange?
Tuition Exchange is a reciprocal scholarship opportunity for the child dependents of eligible faculty and staff at all Tuition Exchange member schools. Membership currently includes more than 660 institutions, ranging in size from 250 to 50,000 students and representing 47 U.S. states, the District of Columbia, and several other countries.

View the list of participating institutions under the "Families" tab on the Tuition Exchange website.

Questions?
LUC's FACHEX and Tuition Exchange liaison officer is Tobyn Friar, Assistant Vice President. All questions about these programs can be directed to his attention by emailing tfriar@luc.edu.


Dependent Selection Eligibility
The home institution determines eligibility requirements. The general principle is if the home institution grants a tuition remission award to the child of a faculty or staff member, then the child is eligible to apply for a possible FACHEX or TEP award at the participating institution(s) of their choice, by being certified as FACHEX/TEP eligible by their home institution. Each institution sets their own rules about how students are selected for a FACHEX/TEP award, and it is the student's responsibility to research what is required and follow any applicable deadlines/policies. Participating schools use academic achievement as one of several determining factors in FACHEX/TEP award selection, and most will only consider incoming first-year applicants. FACHEX/TEP awards are NOT transferrable between participating institutions.

Availability of FACHEX/TEP
Each participating institution determines the number of FACHEX/TEP awards it will grant to incoming students each year, as well as the selection procedure at that institution. Generally, these positions are extremely limited in number, hence highly competitive. As stated above, there are no guarantees to the children of any given faculty or staff member that they will be able to utilize FACHEX/TEP at the institution of their choice. As both FACHEX and TEP are exchange programs, participating institutions are required to maintain a balance of imported and exported students, which results in the number of awards available changing from year to year.

FACHEX and TEP Application Process & Policies

Process for Eligible Employees of LUC

Applying for FACHEX and TEP scholarship consideration is a three-step process:

  1. The student must first create an account. Please click here for instructions.
  2. Review the How to Complete Your TE EZ-Application documentation.
  3. The student completes the TE EZ-Application.

The EZ-Application is for both FACHEX and TE, so only one application is required. 

Please note the following when completing the TE EZ-Application:

  • The student must select Loyola University Chicago as the parent's employer from the drop menu.
  • Do not use the TE EZ-Application to apply for Loyola's internal Dependent Tuition Benefit. If the student is interested in receiving the Tuition Benefit at Loyola Chicago, please visit our Human Resources website for additional information.
  • The student can list up to ten (10) participating institutions on their TE EZ-Application. If a student is no longer interested in a school, they can go back to the application and remove a school and add another.
  • All LUC employees must have completed at least one year of continuous full-time employment to be considered eligible to apply for FACHEX/TEP at other participating institutions.
  • The deadline to complete the TE EZ-Application is December 1 (Some institutions may have an earlier deadline for submitting certification. It is up to the family to meet any appropriate deadline at other institutions).
  • Submitting a FACHEX/TEP application does not qualify you for admission, nor does your offer of admissions mean an automatic FACHEX/TEP award.
  • Start to become familiar with additional eligibility and selection requirements/criteria at the selected institutions. As an example, some institutions require the completion of the Free Application for Federal Student Aid (FAFSA).
  • LUC is not involved with the selection process for other institutions.
  • If a FACHEX/TEP award is extended, please notify the awarding institution as soon as possible of your decision to accept of decline the award. You are NOT required to accept or decline the award until the May 1 deposit deadline. If an institution is telling you differently, please email FACHEX/TEP liaison (Tobyn Friar) as this is not allowed under governing rules.

Process for Employees at Eligible External Institutions

  • Obtain certification for your eligibility for FACHE/TEP from your home institution. Eligibility will be reviewed and certified by your home institution and sent to LUC for review and selection.
  • Apply early for admission to Loyola University Chicago before you can be considered for the FACHEX/TEP benefit. FACHEX/TEP is awarded on a competitive basis and is merit based. Decisions for these awards are based entirely on the student’s application to Loyola University Chicago. Please keep in mind that FACHEX/TEP award certification does not qualify you for admission, nor does your offer of admission mean an automatic FACHEX award.
  • The deadline for consideration for the FACHEX/TEP scholarship requires that the student be admitted to Loyola University Chicago and has complete the FACHEX/TEP application by February 1.
  • Initial FACHEX/TEP award selections will be made by the middle of February via email to the student and parent/legal guardian.
  • LUC keeps an automatic waitlist and you will be considered for a FACHEX/TEP award should an opening occur. If a student wishes to withdrawal their application from Loyola, the student will be removed from the waitlist and will not be considered for FACHEX/TEP should an opening occur.
  • Students are not required to accept/decline the FACHEX/TEP awards until the May 1 deposit deadline. We strongly encourage students to confirm their acceptance and make their deposit or decline the FACHEX/TEP award prior to the May 1 deposit deadline so LUC can offer awards to other eligible students from the waitlist.
  • After May 1, if an offer was made to a student who did not deposit, the FACHEX/TEP offer will be rescinded and offered to an eligible student from the waitlist who did make an enrollment deposit.

FACHEX and TEP Awards at LUC

FACHEX:

  • If granted, covers 4 years of continuous full-time undergraduate study during the traditional fall and spring semesters. It is not available for part-time study, graduate or professional degree programs.
  • FACHEX is also available for j-term and summer sessions.
  • If granted, receives a tuition award that covers 90% of tuition only. The student is responsible for the remaining 10% of tuition, plus any fees, and/or room and board costs. Any additional expenses incurred by the student such as travel related expenses, or books are the sole responsibility of the student and/or the student's family.
  • If you have previously been awarded a merit scholarship and/or other institutional aid (IE. Loyola Grant, Director’s Award, Heritage Award, etc.) and are then given the FACHEX scholarship, the previously awarded institutional scholarship(s)/grant(s) will become honorary and cannot be used to cover the remaining tuition, fees, housing, meals, or other direct or in-direct expenses.
  • FACHEX cannot be combined with other institutional departmental awards.
  • Submitting a FACHEX application does not qualify for you admission, nor does your offer of admissions mean an automatic FACHEX/TEP award.

TUITION EXCHANGE:

  • If granted, covers 4 years of continuous full-time undergraduate study during the traditional fall and spring semesters. It is not available for part-time study, graduate or professional degree programs.
  • TEP does not cover j-term or summer sessions. 
  • For the 2024-2025 academic year, if granted, receives a tuition award that covers $42,000 of tuition only. The student is responsible for the remainder of tuition, plus any fees, and/or room and board costs. Any additional expenses incurred by the student such as travel related expenses, or books are the sole responsibility of the student and/or the student's family.
  • If you were previously awarded a merit scholarship and/or other institutional aid (IE. Loyola Grant, Heritage Award, etc.) and are then given the TEP scholarship, the previously awarded institutional scholarship(s)/grant(s) will become honorary and cannot be used to cover the remaining tuition, fees, room and board, or other direct or in-direct expenses. TEP eligible students may only be eligible to keep the Director's Award.
  • With the approval of the FACHEX/TEP liaison, TEP may be combined with other departmental awards but cannot exceed 90% of tuition. TEP is restricted to tuition only and other departmental awards cannot be used to cover the remaining tuition, fees, housing, meals, or other director or in-direct expenses.
  • Submitting a TEP application does not qualify for you admission, nor does your offer of admissions mean an automatic FACHEX/TEP award.

Additional FACHEX and TEP Policies at LUC

  • FACHEX and TEP follow many of the same policies list on our Human Resources website.
  • Awarded to new freshman, but transfer students may be considered.
  • Employees of participating institutions are expected to be eligible to receive FACHEX/TEP prior to their dependents first semester of enrollment
  • Scholarships are not automatically granted to eligible children of faculty, staff and administrators of participating institutions.
  • All FACHEX/TEP scholarship recipients must be seeking their first degree and are required to maintain a cumulative grade point average (GPA) of 3.0 or higher while at Loyola University Chicago. An evaluation of the cumulative GPA will be made after each semester. Students who fall below a cumulative GPA of 3.0 will not have their FACHEX/TEP award renewed for the following term.
  • All FACHEX/TEP applicants must file the Free Application for Federal Student Aid (FAFSA) each year to be eligible to receive FACHEX/TEP benefits. The FAFSA opens October 1 of each year. The Department of Education Title IV Code number for Loyola University Chicago is 001710. FACHEX/TEP will NOT be awarded if there is no FAFSA on file.
  • FACHEX/TEP renewal requires compliance to the Federal Satisfactory Academic Progress Policy. For a complete description of this policy please refer to Loyola’s website http://www.luc.edu/depts/osfa/satprog.html.
  • FACHEX/TEP recipients may enroll as a degree seeking student in any of Loyola University Chicago’s undergraduate colleges, schools, or programs (excluding Arrupe College, SCPS, and ABSN).
  • FACHEX/TEP scholarship may be used at certain study abroad programs so long as the student is charged and billed by Loyola University Chicago. FACHEX/TEP is NOT available for use at private study abroad programs (IE. IES, USAC, etc.).
  • In order to maintain your FACHEX/TEP scholarship your parent/guardian must continue their eligibility at their home institutions. Continued eligibility of the FACHEX/TEP scholarship will be monitored by the FACHEX/TEP coordinator at Loyola University Chicago. Any falsification will result in the immediate dismissal from Loyola University Chicago and will require that all-relevant costs including tuition and fees be paid-in-full.