Undergraduate Bulletin - Loyola Marymount University

Grants
University Grants
Loyola Marymount University funds and administers
grants of its own. They include academic scholarships
and Loyola Marymount University (LMU) grants. LMU
grant eligibility is based on financial need and limited to
eight semesters. Transfer students are evaluated
individually to determine the equivalent number of
semesters completed prior to enrollment at LMU. All
coursework completed elsewhere is counted when
determining semesters of eligibility for University Grants.
Transfer students who have completed more than 100
units prior to enrolling at LMU are not eligible for
University grants.
The Pell Grant program is a federal aid program designed
to provide financial assistance to eligible students for
postsecondary studies. The amount of the Pell Grant is
determined based on the financial resources of the
student and parents. Grants range from $200 to $4,050.
The Supplemental Educational Opportunity Grant
program is designed to assist those students who would
not otherwise be financially able to pursue an
undergraduate course of study. The amount of the grant is
determined by reviewing the student’s financial resources
and also the resources of the parents. The amount of the
award varies based on the student’s Pell Grant and, like
other grants, does not have to be repaid.
Cal Grant A is a method by which many students finance
their education at the University. This grant is awarded to
residents of the State of California and may be used at
many approved institutions within the State of California.
Normally, the grant is awarded to freshmen students;
however, many transfer students and upperclassmen who
apply also receive this grant. The grant is normally
renewable each year once it has been obtained.
Information concerning this grant may be obtained from
either the high school counselor’s office or the Financial
Aid Office.
Cal Grant B, which is funded through the State of
California, is another way students may finance their
education at Loyola Marymount University. This program
in many cases allows for payment of tuition, books and
supplies, and other educational expenses.
Student Employment
FINANCIAL AID
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The Student Employment Service provides employment
assistance to the students of Loyola Marymount
University including part-time jobs ranging from 10 to 20
hours a week, part-time/full-time seasonal work during
the Christmas and summer vacations, temporary jobs on
an hourly basis, and tutoring positions within the
student’s major field of study. These services are for all
students regardless of their financial need. They are
primarily off-campus positions.
The Federal College Work Study program is another
source of employment for students who qualify based on
financial need. This program is funded jointly by the
Federal Government and the University. It is designed to
create jobs for students at the University, such as library
researchers, teaching assistants, laboratory technicians,
intramural referees, team managers, etc. Under the Work
Study Program, most students will be awarded funds to
average 12-15 hours per week during the term. Students
are hired for part-time positions for the entire academic
year, and they may earn up to the amount listed on their
current financial aid award letter.
The Student Worker program is another employment
program designed to give resident students an opportunity
to earn an education by working on campus. The Student
Worker Organization is an autonomous group that is
primarily student-directed and -operated. Jobs include
maintenance, recycling, and clerical and miscellaneous
tasks for departments on campus. To apply, students
should contact the Student Worker office at (310) 338-
5013.
Loans
Many types of financing options are open to students and
parents.
The following loans require the student to apply for
financial aid (see the Applying for Financial Aid section)
to determine eligibility:
Perkins Loan is a low-interest loan available to students
who qualify for the Federal Pell Grant. Students may
borrow a sum normally not to exceed $4,000 per year.
After students leave school, they have a 9-month grace
period before interest begins to accrue. The loan must be
repaid on a quarterly basis at a rate of usually not less
than $120 per quarter. If a student defaults and the
school is unable to collect, the Federal Government may
take action to recover the loan. Under certain conditions
there are loan deferment and/or cancellation provisions for
borrowers. The Office of Financial Aid provides
information about such provisions.