Student Loans for LMU Students
LMU or Loyola Marymount University is a private university that was founded in 1911. It is located in Los Angeles, California and is considered as one of the largest Roman Catholic universities on the West Coast. There are more than 9,000 undergraduate, graduate and law school students pursuing different programs at LMU. It has a learning conducive environment and highly qualified and experienced faculty that enables you to learn and pursue your career goals in the best possible manner.
LMU believes that education is an investment for you. This is why it makes all efforts to provide you with access to financial resources so that you can pursue programs of your choice and attain your educational and professional goals just as you want. Loyola Marymount financial aid is designed to make sure that you get the money required to fund your education if you cannot afford to pay it from your own pocket. LMU financial aid entails all federal and state financial aid programs. You need to file the FAFSA to know which type of an aid package you are eligible for. FAFSA application can be filed online at fafsa.ed.gov.
LMU financial aid packages include scholarships, student loans as well as work-study opportunities. Scholarships are awarded on the basic of merit or leadership and you do not have to repay this type of fund. Some scholarships are also based on talent. Federal student loans also include LMU financial aid. They comprise of Federal Stafford and Perkins loans in addition to PLUS loans for parents. As these student loans have low rate of interest and flexible repayment plans, they make a great LMU financial aid package other than free money in the form of scholarships.
Private Student Loans
If you do not qualify for Loyola Marymount financial aid you can always apply for private student loans. These loans are offered by a number of lenders at simple terms and conditions. As private student loans are of many types, you can use our Student Loan Comparison Tool to find out which one can be most suitable for you.
What academic scholarship awards are available with the LMU financial aid office?
The LMU financial aid office offers a number of academic scholarship awards for its incoming students. As all of these awards are criterion based, and students need to satisfy the requirements in order to be eligible. The academic scholarship awards available are the Arrupe Scholarship, LMU Scholarship, Trustee and Presidential Scholarship, Jesuit and Marymount High Scholl Scholarship, Leadership Scholarship, Jesuit Community Scholarship and LMU Achievement Awards. In order to continue receiving these awards after they are given, students need to adhere to SAP (Satisfactory Academic Progress) guidelines.
Can you explain the general eligibility criteria for Loyola Marymount financial aid?
The eligibility criteria for Loyola Marymount financial aid can be generalized as the following: you must be enrolled in a degree program at Loyola Marymount University and you must demonstrate a need for financial assistance (especially when applying for federal aid). You should also be a U.S. citizen; if you are an international student then you must have U.S. residence. To apply for merit-based scholarships, you must have the required GPA.
Pay for Loyola Marymount University*
|Total Avg. Cost||$53,618|
|Room & Board||$12,397|
|Financial Aid Information|
|Students Receiving Fin Aid||87%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$8,150|
|%Receiving Other Loans||18%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics