General Questions
Q. What is the Cost of Attendance?
The Cost of Attendance is an estimate of a student’s educational expenses for a period of enrollment. Federal law dictates the types of expenses that can be included in the Cost of Attendance, which is used to determine eligibility for federal financial aid. Federal regulations allow schools to set the allowances used for each type of cost and create a Cost of Attendance for different categories of students.
Estimated Full-Time Undergraduate Cost of Attendance 2008-2009
The cost to attend Loyola Marymount University for 2008 -2009 can be estimated using the chart below. Actual expenses for individual students will vary based on selected housing and meal plan costs, and additional expenses for books and supplies. For a detailed list of actual tuition, fees, LMU housing and LMU meal plan charges visit
www.lmu.edu/studentaccounts.
|
Housing Status While Enrolled |
| On Campus |
Off Campus, Not with Parents or Relatives |
With Parents or Relatives |
| Tuition and Fees |
$33,901 |
$33,901 |
$33,901 |
|
Average Room & Board |
$11,808 |
$3,222 |
$3,222 |
|
Average Books/Supplies/Misc. Expenses |
$3,465 |
$3,664 |
$4,834 |
|
Total Estimated Cost of Attendance |
$49,174 |
$48,855 |
$41,957 |
You can estimate what it will cost you to attend LMU by using the above chart and subtracting your financial aid award and all other resources available to you to meet college expenses.
Q. How do I accept my awards?
Scholarships, grants, and endowment awards will be accepted on your behalf. You are required to accept or decline any work or loans on your award via PROWL or MyAid, your link to PROWL as a newly admitted student.
Q. What is PROWL?
PROWL: Personal Records Online Web Link is your gateway to your student records. You can view your student account, financial aid information, register for classes and more. Please visit your Manegate account to access PROWL
Q. I have been selected for Verification, now what?
Verification is a process used to verify certain information on the FAFSA to ensure its accuracy. Students are selected for verification by the U.S. Department of Education randomly. If you have been selected for verification and for 2008-2009, and you are a dependent student, you must submit your and your parents’ 2007 federal taxes to the Financial Aid Office and a 2008-2009 federal dependent verification worksheet. If you are an independent student, you must submit your 2007 federal taxes and an 2008-2009 federal independent verification worksheet.
Q. What is Master Promissory Note (MPN) ?
The master promissory note is a document the student signs when borrowing a loan. When the student signs a master promissory note, a binding legal document, he/she promises to repay the student loan(s). The note also includes important language about rights and responsibilities as a borrower.
Q. How do I apply for the APLE Program?
The Assumption Program of Loans for Education (APLE) is a state-sponsored, competitive loan forgiveness program that assists qualified teachers in repayment of their undergraduate and graduate Federal Stafford Loan(s), up to $19,000, over the course of four years.
Review the APLE eligibility information online. If you believe you are a qualified teacher who meets the eligibility criteria, download an application, and submit it to the Financial Aid Office by the annual May 1st deadline. Please ensure that the form is completed and signed prior to submission, and that you select only one (1) qualified teaching area.
Applicants will be evaluated by a selection committee based upon their cumulative GPAs and the rigor of coursework completed.
After submitting your application, you may be contacted by the APLE selection committee to provide an additional Statement of Ambition that includes your career goals and any relevant personal and/or professional accomplishments. The Statement of Ambition should be no more than two (2) pages, and must only be submitted if requested.
If you are nominated to be an APLE participant, you will receive a notification letter from the Financial Aid Office. A financial aid counselor will complete the required section of your APLE application, and your application will be forwarded on to the California Student Aid Commission (CSAC) for evaluation. It may take up to six months before you receive communication from CSAC.
It is the student's responsibility to follow-up with CSAC regarding acceptance and tracking, once their application has been forwarded to the commission by the Financial Aid Office.
If you continue to have questions after reviewing APLE's Frequently Asked Questions, please contact the Financial Aid Office.