Undergraduate Bulletin - Loyola Marymount University

48 / TUITION AND FEES
limited to, the following leave or withdrawal reasons:
hospitalization, illness, moving out of the area,
employment changes/relocation, and family-related
emergencies.
No refund may be given for registered courses which a
student did not attend and did not withdraw from within
the full refund period. No refund or cancellation is granted
to a student who withdraws from a portion of his/her
program after the end of the 100% Drop/Add period.
Consult the following refund schedule for the academic
category corresponding to your enrollment and type of
program.
Fall 2004
Withdrawal Percentage All Students
100% through ..........................Sept. 03, 2004
90% through ............................Sept. 09, 2004
70% through ............................Sept. 17, 2004
50% through ............................Sept. 25, 2004
25% through.............................Oct. 23, 2004
0% on or after...........................Oct. 24, 2004
Spring 2005
Withdrawal Percentage All Students
100% through ...........................Jan. 14, 2005
90% through .............................Jan. 16, 2005
70% through .............................Jan. 25, 2005
50% through .............................Feb. 01, 2005
25% through .............................Mar. 03, 2005
0% on or after ...........................Mar. 04, 2005
The University’s Federal Aid refund policy complies with
the Higher Education Amendments Act.
Refund Payments
Refund credits are applied to the student’s account.
Refunds of credit balances will be made in accordance
with Federal guidelines. Refunding of credit balances is
subject to a holding period until verification that funds
received have cleared the University’s bank. Refund
payments are issued in the name of the student unless
written authorization from the student 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. Students with delinquent accounts 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, a Federal Family Educational Loan, or an
Institutional Loan, or if a student fails to satisfy exit
interview requirements, a security interest in records and
services will remain in effect until debts and requirements
are satisfied. Unpaid accounts are reported to the three
major credit reporting agencies. Exit interviews are
administered through the Student Loan Office and the
Financial Aid Office.