Undergraduate Bulletin - Loyola Marymount University

The University strives to meet the expectations of its
students and tries to act compassionately in a time of crisis
that interrupts a student’s semester studies so that she/he
cannot or should not finish the semester. In an attempt to
ease the cost of tuition, the refund policy is in place to allow
for a sliding refund for those who withdraw from all courses
in a given semester according to the following schedule. This
policy applies to, but is not limited to, the following leave
or withdrawal reasons: hospitalization, illness, moving out
of the area, employment changes/relocation, and familyrelated
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 2006
Withdrawal Percentage All Students
100% through ................................ Sept. 01, 2006
90% through .................................. Sept. 05, 2006
70% through .................................. Sept. 12, 2006
50% through .................................. Sept. 19, 2006
25% through ....................................Oct. 20, 2006
0% on or after ..................................Oct. 21, 2006
Spring 2007
Withdrawal Percentage All Students
100% through ..................................Jan. 12, 2007
90% through ....................................Jan. 16, 2007
70% through ....................................Jan. 23, 2007
50% through ....................................Jan. 30, 2007
25% through ................................... Mar. 02, 2007
0% on or after ................................. Mar. 03, 2007
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.
TUITION AND FEES / 47
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.