Undergraduate Bulletin - Loyola Marymount University

36 / FINANCIAL AID
Financial Aid
The Financial Aid Office assists those students who require
financial aid to attend Loyola Marymount University.
Financial Aid is awarded in the form of grants, endowed
scholarships, work, and loans. To be eligible for federal and
state programs, students must be U.S. citizens or eligible
non-citizens enrolled in an LMU degree or credential
program. LMU-funded financial aid requires full-time (12-18
semester hours) enrollment in an LMU degree or credential
program. Federal and state financial aid is available for
students enrolled part-time. Qualified students must not be
in default or owe a refund to any federal program to receive
any type of financial aid.
Federal and state funded financial aid is available for
qualified study abroad programs. To qualify, the program
must be approved to receive federal funds, and students
must receive approval from their Dean’s Office to transfer
the units to their LMU academic record. LMU-funded
financial aid, including endowed and donated scholarships
awarded through the Financial Aid Office, can only be used
towards study abroad programs approved for transfer credit
and grades.
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 90045-2659
(310) 338-2753 - Fax (310) 338-2793
E-mail: finaid@lmu.edu
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.
Those students receiving financial aid who drop all
coursework during a semester or summer term are required
to notify the Financial Aid Office and officially withdraw or
take a leave of absence through the Office of the Registrar.
Refund Calculations: When students receiving financial aid
are eligible for a refund or a cancellation of LMU charges,
their financial aid will also be adjusted. The Financial
Aid Office 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
(Combined)
6 4 3
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.