Undergraduate Bulletin - Loyola Marymount University

34 / FINANCIAL AID
Financial Aid
The Financial Aid Office assists those students who
require financial aid to pursue their higher education at
Loyola Marymount University. Financial Aid is awarded in
the form of grants, scholarships and loans. To be eligible
for federal, state, or LMU financial aid programs awarded
by this office, students must be citizens or eligible noncitizens
enrolled in at least 6 semester hours in an eligible
program. Qualified students must not be in default or owe
a refund to any federal program.
Some financial aid programs are available for certain
study abroad programs. Students should contact the
Financial Aid Office to determine if their financial aid can
be used to study abroad.
Counseling and information are available to students,
prospective students, and parents on a walk-in or
appointment basis. Information and application forms are
available in the Financial Aid Office.
FINANCIAL AID OFFICE
Xavier Hall
1 LMU Drive, MS 8330
Los Angeles, California 90045-2793
(310) 338-2753 - Fax (310) 338-2793
E-mail: finaid@lmu.edu
http://www.lmu.edu/financialaid
Office Hours
Monday through Friday
8:00 a.m.-5:00 p.m.
Rights and Responsibilities
Financial Aid and Enrollment: All financial aid programs
assume the student will enroll full-time in coursework at
LMU and will maintain satisfactory academic progress.
Student aid applicants who will enroll in fewer than 12
semester hours should notify the Financial Aid Office.
Undergraduates are eligible for aid from federal funds if
they are enrolled in at least 6 semester hours. Students
who will enroll in fewer than 6 semester hours are not
eligible for most types of financial aid.
Refund Calculations: When students receiving financial
aid are eligible for a refund or a cancellation of LMU
charges, their financial aid funding will also be adjusted.
The financial aid officer will calculate the adjustment and
notify the Controller’s Office/Student Accounts. Any
resulting refund, due to a federal financial aid program,
will be made by LMU for the student. Any resulting charge
will be added to the student’s account. Specific
information is available from the Financial Aid Office.
Satisfactory Progress Standards and Financial Aid
Probation: Financial Aid probation is more rigorous than
academic probation, which is described later in the
section on “Academic Policies.”
Undergraduate Students receiving financial aid must:
Complete the required number of units as outlined
below.
Minimum Units 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)
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.
NOTE: All LMU-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. 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 (4 years).
All undergraduate students must also maintain a
semester and cumulative grade point average of 2.0.
If a student repeats a course, the course is counted only
once, both in the computation of total hours completed
and in the cumulative GPA. In this case, the most recent
grade received is the one used to determine the student’s
status. In determining the cumulative grade point
average, only courses completed at Loyola Marymount
will be considered.
Students failing to meet the above conditions (completion
of minimum term hours and minimum term and
cumulative grade point average) are placed on Financial
Aid Probation and given two terms from the beginning of
the subsequent semester to rectify the deficiency.
Students failing to do so are not eligible to receive
financial aid.