Undergraduate Financial Aid
Undergraduate Financial Aid
The mission of Loyola Marymount University's Financial Aid Office is to provide students access to financial resources to assist them in acheiving their goals. The Financial Aid Office administers federal, state, insitutional, and private financial aid programs to help students meet the educational costs to attend Loyola Marymount University.
Application Procedures
Entering Freshmen and Transfer Students:
Students can apply for financial aid by completing the required forms prior to being formally admitted:
1.The Free Application for Federal Student Aid (FAFSA), available at http://www.fafsa.ed.gov.
2.The CSS financial Aid/ PROFILE.
3. CALIFORNIA residents only: To apply for a Cal Grant must complete the FAFSA and complete Cal Grant GPA Verification Form
Visit the financial aid website at http://www.lmu.edu/financialaid for current year application and program deadlines.
Continuing Undergraduates:
A Continuing LMU student who is applying for financial aid for the first time, should follow the application procedures for an
entering Freshman or Transfer Students as listed above.
LMU requires all continuing undergraduates who have received aid in the prior year at LMU to complete the following:
1.The Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov.
2.The LMU Undergraduate Financial Aid Application available at http://www.lmu.edu/financialaid
Visit the financial aid website at http://www.lmu.edu/financialaid for current year application and program deadlines.
General Eligibility
Students must be enrolled as degree seeking students at Loyola Marymount University to receive financial aid administered
by the Financial Aid Office.
Eligibilty for most university funded financial aid requires full-time enrollment. Eligibilty for federal and California state grant programs require full-time enrollment. Eligibility for federal and California state grant programs require at least half-time
enrollment. Students who enroll less than half-time are generally only eligible for the Federal Pell Grant.
Students must be U.S. citizens, permanent residents or other eligible non-citizens to be eligible for federal, state and institutionally funded financial aid programs and meet other eligibility requirements. Limited schlarship and assistantsships are available for international students.
Students working towards a second bachelor's degree are only eligible for the Federal subsidizedand Unsubsidized Stafford loan programs.
Students must not owe a refund from any federal grant loan or be in default on any federal loan.
Financial Aid Communications
Communications from the Financial Aid Office will be primarily electronic in form. Your student Lion e-mail account, MyAid/PROWL, and ManeGate messaging are our primary means of communicating important financial aid information.
MyAid is the online introduction to PROWL for newly admitted students.
PROWL is our online student financial aid resource. Using PROWL you can view your application
status, requests for additional information/documentation from our office, and your financial aid
Award.
The ManeGate portal provides you with access to various campus systems (including PROWL), online groups
e-mail, registration, billing, forms, news, and communications. ManeGate is accessed by a username and a
password that are automatically generated upon acceptance to LMU. For assistance logging into ManeGate,
contact the IT Help Desk at (310) 338-7777.
Satifactory Academic Progress (SAP) and Financial Aid Probation
Financial Aid probation is speparate and distinct from the University's definition of academic probation.
Financial aid recipients must complete a minimum number of semester hours in their graduate program each academic year (Fall semester, Spring semester and Summer sessions) and maintain a 2.0 (C) cumulative and semester grade point average. Grades of F, NC, AU, and W do not count towards maintaining financial aid eligibility. Grades of I or IP temporarily will not be counted until the final grade is posted. Semester hours for repeat course work do not count towards the minimum semester hours required for Satisfactory Academic Progress (SAP). Students who withdraw from all coursework or take a leave of absence and later enroll in a subsequent term retain the SAP status held during their last term of enrollment.
Students failing to meet these requirments are placed on financial aid probation. Students placed on financial aid probation may continue to receive financial aid for which they are eligible for up to two (2) consecutive semesters., if not academically disqualified during this period. If a student does not complete the required semester hours and/or raise his/her cumulative and/or semester grade point average, she or he is denied further financial aid and must appeal to be considered. Financial aid Satisfactory Academic Progress (SAP) appeals are reviewed in consultation with the student's dean or program director.
For more information concerning SAP or financial aid probation, including the number of semester hours required to complete each academic year for your program, please visit us online at http://www.lmu.edu/financialaid
Undergraduate Students receiving federal and state financial aid must:
1) Maintain a 2.0 cumulative and term grade point average. For financial aid purposes, the grades of F, NC, AU, and W will not be counted toward meeting the minimum term hours requirement. Grades of A, B, C, D, and CR will be counted. Grades of I or NR temporarily will not be counted until the final grade is posted. Hours for repeat coursework do not count towards the minimum semester hours required for satisfactory progress.
2) All Univeristy-funded sources of financial aid as well as California State grants are available for a maximum of eight semesters if all other eligibility requirements are met. Transfer Students are evaluated based on the number of units accepted at admission to determine thier maximum time frame to recieve financial aid.
Please refer to the Academic Degree Requirements and Policies section of this Bulletin for information on the recommended course load required to complete degree requirements in eight semesters (4years).
3) Complete the required number of Semester Hours as outlined below.
Minimum Semester Hours that Must Be Completed If:
|
Term |
Full-Time |
3/4 Time |
1/2 Time |
| Fall Semester |
12 |
9 |
6 |
| Spring Semester |
12 |
9 |
6 |
| Summer Sessions |
6 |
4 |
3 |
| (Combined) |
|
|
|
4) Financial Aid Probation: Students who do not make satisfactory academic progress are places on financial aid probation. Students may continue to receive financial aid for two terms while on on financial aid probation. To be removed from financial aid probation, students must acheive the minimum and cumulative grade point average and complete the minimum hours excluding any repeat coursework.
5) Students who fail to make satisfactory academic progress after two consecutive terms are denied further financial aid and must submit an appeal.
Withdrawls-Impact on Financial Aid
Students wjp withdraw from all coursework will have their tuition charges adjusted based on their date of withdrawal. Current information on University tuition refund policies is available at http://www.lmu.edu.
Housing and University meal plans will be adjusted according to the terms set by the housing office and meal plan contracts. Students should contact the Student Housing Office and Student Accounts for specific refund information.
Students receiving financial aid who decide to withdraw from all coursework during a term are required to notify the Office of the registrar and the Financial Aid Office. Federal financial aid will be adjusted according to federal regulations.
University and state funded programs will be adjusted according to the university and state policies.
For detailed information on how financial aid is adjusted beased on withdrawal, visit http://www.lmu.edu/financialaid
Fraud
Any fraudulent use of financial aid funds is cause for immediate suspension or dismissal, as well as discontinuance of future financial aid. This includes, but is not limited to, fraudulent statements on Financial Aid forms, inaccurate tax returns, and
Student Time Cards for both hours worked and signatures obtained.
Programs of Assistance for Undergraduates
Academic Scholarships for First time Freshman
Loyola Marymount University offers a wide range of academic scholarship programs to recognize and reward the scholastic accomplishments of our most distinguished entering freshmen. Scholarship selection is coordinated by the office of undergraduate Admission, in consultation with LMU's faculty and administration. Detailed information on these prgrams is available on the Financial Aid Office website at http://www.lmu.edu/financialaid
Receipt of an Academic Scholarship does not prelude consideration from financial aid awarded by the financial aid office but must be coordinated according to federal, state, and university policies.
Grants
LMU Grants are need-based grants awarded to students who meet all federal and university eligibility requirements. Students must complete the FAFSA to apply, meet LMU's priority funding deadlines and comply with all requests for additional documentation to be considered.
The Federal Pell Grant program is federal aid program designed to provide financial assiantance to eligible students for
postsecondary studies. The amount of the Pell Grant is determined based on the financial resources of the student and parents.
Federal Supplemental Educational Opportunity Grant (FSEOG) program is designed to assist those students who would not otherwise be financially able to pursue an undergraduate course of study. The amount of the grant is determined by reviewing the student’s financial resources and also the resources of the parents. The amount of the award varies based on the student’s Pell Grant and, like other grants, does not have to be repaid.
Federal Academic Competitiveness Grant is a federal need-based grant awarded to undergraduate freshmen and sophomore students who are eligible for the Federal Pell Grant, U.S. citizens, and who completed a “rigorous high school education” as defined by federal guidelines.
Federal SMART Grant is a federal need-based grant awarded to junior and senior students who are eligible for the Federal Pell Grant and who are majoring in programs determined as critical to national security.
For detailed information on all federal frant programs, visit the Federal Student Aid Web aite at http://www.studentaid.ed.gov.
Cal Grants are administered by the California Student Aid Commission. All undergraduates who are residents of California are encouraged to apply. Cal Grants cover tuition and fees. For detailed information on Cal Grants, visit http://www.calgrants.org.
Scholarships
There are additional scholarships available to LMU students. Most scholarships are awarded by the Financial Aid Office and do not require that students complete a special application. Scholarships that require a separate application are provided at http://www.lmu.edu/financialaid.
Student Employment
The Federal Work Study program is another source of employment for students who qualify based on financial need. This program is funded jointly by the Federal Government and the University. It is designed to create jobs for students at the University, such as library researchers, teaching assistants, laboratory technicians, intramural referees, team managers, etc. Under the Work Study Program, most students will be awarded funds to average 12-15 hours per
week during the term. Students are hired for part-time positions for the entire academic year, and they may earn up to the amount listed on their current financial aid award letter.
Loyola Work is university funded non-need work program. Funding for this program is limited and may not be awarded to those students who do not meet LMU priority funding deadlines.
The Student Worker program is another employment program designed to give resident students an opportunity to earn a majority of their education expenses by working on campus.The Student Worker Organization is an autonomous group that is primarily student-directed and operated. Jobs include maintenance, recycling, and clerical and miscellaneous tasks for departments on campus. More informationon this program is available at http://www.lmu.edu.
The Student Employment Service Office provides employment assistance to the students of Loyola Marymount University including part0time jobs ranging from 10 to 20 hours a week, part-time/full-time seasonal work during the Christmas and summer vacations, temporary jobs on an hourly basis, and tutoring positions within the student's major field of study. These services are for all students regardles of their financial need. They are primarily off campus positions.
Loans
All federal loans require that the student complete the Free Application for Federal Studentent Aid (FAFSA) and comply with any requests for additional information.
Federal Perkins Loan is a low-interest loan for students based on need. Repayment begins nine months after the student has ceased to be enrolled at least half-time.
Federal Subsidized and Unsubsidized Stafford Loans are a low-interest federal loan for students.
The Federal Parent (PLUS) Loan is a low-interest federal loan made to creditworthy parents.
For more information on loan terms and application process for these loan programs, visit http://www.lmu.edu/financialaid
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