Refund Policy
Refunds for tuition and/or housing are made only after a complete (dropping all courses) withdrawal or leave of absence from the University has been processed by the Registrar and, in the case of a resident student, also by the Housing Office. For resident students the official withdrawal dates from the Registrar is the date used to determine Housing refunds. Meal Plans are non-refundable. A student should complete the Withdrawal/Leave of Absence form in the Office of the Registrar and, if a resident student, then notify the Housing Office.
The University strives to meet the expectations of its students and tries to act compassionately in times of crisis which may interrupt a student's semester studies so that she/he could or should not finish the semester. In an attempt to ease the cost of tuition, the refund policy is in place to allow for a sliding refund for those who withdraw from all courses in a given semester according to the following schedule. This policy applies to, but is not limited to, the following leave or withdrawal reasons: hospitalization, illness, moving out of the area, employment changes/relocation, and family related emergencies.
No refund/cancellation may be given for registered courses which a student did not attend and did not drop within the full 100% refund period. Refunds are not granted for undergraduates who drop a portion of their program after the 100% add/drop period.Consult the following refund/cancellation schedule for the academic category corresponding to your enrollment status.
**The University's refund policy complies with the Higher Education Amendments Act.
Refund Payments
Refund credits are applied to the student's account. Refunding of credit balances will be made in accordance to federal guidelines. Refunding of credit balances are subject to a holding period until verification that funds received have cleared the University's bank. Refund payments are issued and mailed in the name of the student unless written authorization is received to the contrary.
Security Interest in Student Records
A student may not receive a diploma, certificate, or transcript until all accounts, current or otherwise, have been settled in accordance with University and Agency requirements. Delinquent students will be prohibited from future registration until all balances are resolved to the University's satisfaction. Such documents and services will be retained by Loyola Marymount University as security for such obligations until they are satisfied.
If a student defaults on payment of a Federal Perkins Student Loan, Federal Family Educational Loan, Institutional Loan, or fails to satisfy exit interview requirements, a security interest in records and services will remain in effect until debts and requirements are satisfied. Exit interviews are administered through the Loan Office and Financial Aid Office.