Undergraduate Bulletin - Loyola Marymount University

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.
Appeals: The University has established an appeal
procedure to insure equitable treatment of all financial aid
applicants and recipients. Appeal forms are available in the
Financial Aid Office.
Any fraudulent use of financial aid funds is cause
for immediate suspension or dismissal, as well as
discontinuance of future financial aid. This includes, but
is not limited to, fraudulent statements on Financial Aid
forms, inaccurate tax returns, and Student Time Cards for
both hours worked and signatures obtained.
Applying for Financial Assistance
Consideration for financial aid begins when the student is
admitted to the University. Thus, a student applying for
financial aid should also apply for admission and financial
aid at the same time.
To apply for financial assistance, it is necessary to file the
following forms and information:
New freshmen, transfer students, and continuing LMU
students applying for financial aid for the first time:
By March 2, 2006:
1. A 2006-2007 Free Application for Federal Student Aid
(FAFSA) must be filed by all students. The FAFSA form
is available from high schools or from financial aid offices
around the country, or you can apply online at http://www.
fafsa.ed.gov.
2. The 2006-2007 CSS PROFILE, which requires a fee,
must be filed by all new applicants, which includes students
new to LMU and continuing LMU students applying for
financial aid for the first time. The CSS PROFILE registration
form is available from high schools or from financial aid
offices around the country, or you can apply online at http://
www.collegeboard.org/profile.
3. CALIFORNIA RESIDENTS ONLY: To apply for a new Cal
Grant A or B (see Grants), students must complete the GPA
Verification form.
By April 1:
FINANCIAL AID / 37
4. All new applicants must submit signed copies of student
and parents’ federal tax forms, all schedules and W-2s to
the Financial Aid Office.
Continuing Applicants:
By March 2, 2006:
1. A Renewal Free Application for Federal Student Aid
(FAFSA) must be filed by all continuing LMU students. The
Renewal FAFSA is available in January online at http://www.
fafsa.ed.gov for those students who completed a FAFSA in
the prior year using their federal PIN. Other students will
have their renewal FAFSA mailed to them in January.
2. The Undergraduate Financial Aid Application for
Continuing Students must be filed by all continuing
applicants and is available to download at http://www.lmu.
edu/financialaid.
By May 1, 2006:
3. All students must submit signed copies of their and
their parents’ federal tax forms, all schedules, and W-2s
to the Financial Aid Office by May 1, 2006. If the student
or parent is not required to file a 2005 tax return, they must
submit an LMU Student Non-Filer form or a Parent Non-
Filer form. These forms are available to download from the
Financial Aid Office website.
Programs of Assistance
Academic Scholars
Each year the Scholarship Committee recommends to
the President of the University a number of students
whose achievements merit exceptional recognition.
Recommendations are based upon the potential for
academic accomplishment and leadership which is
demonstrated in outstanding academic records, GPA and
SAT/ACT scores, and in demonstrated leadership in school
or community. Academic Scholars receive grants worth
$5,000, renewable with a 3.0 cumulative LMU GPA for a
total of eight semesters. These awards are made possible
by annual contributions as well as by eight endowment
funds:
Bernard and Catherine Bannan Presidential Scholarship
Fund
Loretta Clougherty Dodd ’61 Memorial Presidential
Scholarship Fund
Cyril and Edith Nigg Presidential Scholarship Fund
Rains Presidential Scholarship Fund
Seaver Institute Presidential Scholarship Fund
Joseph M. Sexton Presidential Scholarship Fund
John A. Teske Presidential Scholarship Fund
Yerkes/Exxon Presidential Scholarship Fund