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Computer Loan Lottery

Full-time, regular staff members at the LMU Westchester campus and the Law School are eligible for two-year, no-interest loans up to $2,200 to purchase a computer system (a laptop, desktop, or tablet) and any related software or peripherals purchased together as part of a system. These loans may be used for personal and professional use and growth in computer literacy. There are a limited number of loans available each year, so a lottery will be held on Friday, December 13th, 2013. The winners and alternates will be notified by email and posted on this website.

What is it?
It is a two-year no-interest loan up to $2,200 to purchase computer system (a laptop, desktop, or tablet) and any related software or peripherals purchased together as part of a system. Repayments of the loan will be made through automatic bi-weekly payroll deductions in 52 equal payments.

Who is eligible?
To qualify to enter the drawing, a staff member must meet all three requirements.

  • Continuous Service: Full-time, regular staff members at the LMU Westchester campus and the Law School with at least two years of LMU continuous service as of December 31, 2013; and
  • No Outstanding Loan: Currently do not have an unpaid computer loan balance with the University; and
  • 20-Months Loan Free: If a previous loan has been issued, you must be loan free for at least 20 months from the pay-off date, which means the previous loan must have been paid off no later than April 30, 2012.

How do I sign up?
To enter online, click on the "Submit Your Entry" link on the left pane. (Available online between Wednesday, November 20th and Wednesday, December 11th)

When is the deadline to enter my name?
The lottery entry period starts at 8:00 a.m. on Monday December 2nd, 2013 and ends at 5:00 p.m. on Wednesday, December 11th, 2013. All online entries must be submitted before the deadline.

How will I know if I won?
The drawing will be held on Friday, December 13th, 2013. A list of winners and alternates will be announced via email and posted on this website.

How does it work?
Each staff member receives an e-mail with a link to the online entry form. Eligible staff must enter the lottery by 5:00 pm on or before Wednesday, December 11th, 2013 to have a chance to win. Online entry forms received after the deadline will not be entered into the lottery. Only one entry per eligible staff member will be accepted. The computer purchase can be made from the vendors of your choice. You may submit quotes from your vendors on their invoice or letterhead to start the loan process. Original sales receipt or e-mail receipt is required to complete the loan paperwork. LMU Information Technology and Law School Information Technology Department do not sell computers nor do they provide technical supports to individuals who purchased computers under this program.

To learn more about this program, click on the "Frequently Asked Questions" link on the left panel.

Updated: December 2nd, 2013       by ghatter