Summer 2024 - Loyola Marymount University (2024)

LMU Summer Grant

The University has a special fund called the LMU Summer Grant to offer institutional aid to undergraduate degree-seeking students for Summer 2024. Students must submit a Summer Financial Aid Application by May 1, and enroll in a minimum of 6 units combined for the summer sessions.

Summer Pell Grant

Available to undergraduate degree-seeking students.

To be eligible for a summer Pell Grant, you must:

  • Have completed a 2023-2024 FAFSA
  • Be Pell Grant eligible.
  • Be enrolled in at least 6 summer units
  • Be an undergraduate student who has not earned a first bachelor’s degree before the start of the summer session.
  • Have used their full-time annual award amount for the fall 2023 and spring 2024 semesters. Students who did not use the full amount must exhaust their remaining annual limit before becoming eligible for the additional Summer Pell Grant.
  • Have remaining Pell Grant Lifetime Eligibility (details below).
  • Meet satisfactory academic progress (SAP) requirements.

If you are eligible for a Summer Pell Grant, you will be automatically awarded when you enroll in summer courses.

*Pell Grant Lifetime Eligibility Used (LEU):Federal regulations allow students to receive a maximum of 12 full-time equivalent semesters of Pell Grant funding while they are completing their first undergraduate baccalaureate degree. Using a Pell Grant during summer counts against your lifetime eligibility. To find out how much Pell Grant funding you have already received, and how much of your lifetime eligibility remains, please visitstudentaid.govand log in with your FSA ID.

For more information about how the lifetime eligibility limit is calculated, please visit theDepartment of Education’s website.

Summer Cal Grant

Available to current Cal Grant recipients. Students may request to receive a portion of their funds to be applied to tuition expenses during the summer semester. To receive the total semester amount of your Cal Grant, you must be enrolled in a total of 12 units (combined between Summer Sessions I and II).

If you are enrolled in fewer than 12 units, your Cal Grant will be prorated (9-11 Units = 75%, 6-8 Units = 50%). If you enroll in fewer than 6 units you will not be eligible to receive the award.

Please note: The California Student Aid Commission (CSAC) considers the summer session a full semester of eligibility. By choosing to use your Cal Grant during the summer semester, you will reduce your total program eligibility by one semester. Most students are awarded 8 semesters of Cal Grant eligibility (if you enter the program as a first-year student). By using your Cal Grant funds during the summer semester, you may not have enough remaining eligibility to assist with your tuition during your fourth year. You may verify your remaining Cal Grant eligibility online by creating an account onWeb Grants for Students.

To be considered for a summer Cal Grant, you must submit aSummer Cal Grant Request to LMU Financial Aid along with your Summer Financial Aid Application. Both forms are available in the Forms section of our website.

Federal Direct Student Loans

To be eligible for a Federal Direct Student Loan, you must be an active degree-seeking student at LMU for the 2023-2024 academic year.

To determine your Federal Direct Loan eligibility, refer to the information listed below to find the maximum loan amount available for your grade level at the beginning of summer. If you have advanced to the next grade level (e.g. Sophom*ore to Junior) at the completion of the spring semester, you are eligible for the difference between what you have already borrowed and the Federal Direct Loan maximum for your new grade level.

The Annual (Fall/Spring) Federal Direct Student Loan maximums for dependent students are listed below.

  • First-Year $5,500
  • Sophom*ore $6,500
  • Junior/Senior $7,500
  • Non-degree Credential (in eligible programs) $7,500 - $12,500
  • Graduate degree-seeking $20,500

Independent undergraduate students or dependent undergraduate students with a 2023-2024 Direct PLUS Loan denial are eligible to receive additional Unsubsidized Federal Direct Loan funds (First-Year & Sophom*ore: $4,000 additional; Junior & Senior: $5,000 additional).

If your parents were approved for a Federal Direct Parent Plus Loan during the Fall/Spring academic year but are denied the Federal Plus Loan for summer, you are eligible to receive the additional Unsubsidized Direct Loan based on your summer grade level.

Federal Direct Parent PLUS Loan

Your parent may apply to borrow a Federal Direct PLUS Loan to cover your summer charges if you are an eligible dependent undergraduate student, have completed a 2023-2024 FAFSA, plan to enroll at least half-time, and your parents meet the credit requirements.

New and existing Parent PLUS loan borrowers must complete a Summer Parent PLUS loan application on studentaid.gov and select award year "2023-2024" and period as May 2024 - August 2024. After your parent submits all required application materials and upon notification of credit approval and the completion of a promissory note, we will add the loan to your summer Financial Aid award. Students whose parents are denied the Federal Direct PLUS Loan may apply for an additional Federal Unsubsidized Direct Loan by submitting a Summer Revision Request Form.

Please Note: If you have already completed the 2023-2024 FAFSA and had the results forwarded to LMU you do not need to completeit again.

Federal Direct Graduate PLUS Loan

Graduate students who have an existing Graduate PLUS loan for Fall/Spring should only submit a signed Summer Financial Aid Application indicating that they would like to borrow a PLUS loan for the Summer term.

New applicants will be awarded a Graduate PLUS and may accept or decline their award on PROWL to borrow a Federal Direct Graduate PLUS Loan to cover summer charges if they are eligible degree-seeking graduate students who have completed a 2023-2024 FAFSA, plan to enroll at least half-time and meet the credit requirements.

Upon acceptance in PROWLvia MYLMU, LMU automatically creates a loan record, which is submitted to the Department of Education. This process will automatically request a credit check. Upon notification of credit approval and the completion of a promissory note, we will pay the award to your Student Account.

Please Note: If you have already completed the 2023-2024 FAFSA and had the results forwarded to LMU you do not need to complete it again.

Private Loans

If your maximum Federal Direct Loan and/or PLUS loan amount(s) do not meet all of your educational expenses, you may apply for an Alternative Private Loan.

If you are interested in borrowing from an Alternative Private loan program, youmay review lending options on ELMSelect. Most lenders require a good credit history or co-signer. Please visit our section on Private Alternative Loans or contact LMU Financial Aid to speak with a financial aid counselor. We encourage you to maximize all federal loan opportunities before seeking an Alternative Private Loan.

LMU Summer Work

Work award are available to students during the summer term and you are not required to be enrolled in summer classes. LMU Work is a non-need-based LMU-funded award that allows recipients to work on-campus during the summer term. To be considered students must have completed the FAFSA. Students can request a summer work award on the Summer Financial Aid Application.

Summer 2024 - Loyola Marymount University (2024)

FAQs

Does LMU offer summer classes? ›

Summer school at LMU consists of two consecutive 6-week sessions, each the equivalent of a 16-week semester. Final exams are included within each six-week session.

How much is LMU summer tuition? ›

Summer Tuition 2024
Tuition
Summer Tuition Undergraduate$1,802.00per unit
Summer Tuition Doctorate$1,922.00per unit
Summer Tuition Grad BCLA$1,458.00per unit
Summer Tuition MBA & MBA Certificate$1,610.00per unit
20 more rows

Is LMU test optional 2024? ›

National SAT/ACT test scores (test optional for fall 2023 through 2024)

What is the most popular major at Loyola Marymount University? ›

The most popular majors at Loyola Marymount University include: Business, Management, Marketing, and Related Support Services; Visual and Performing Arts; Social Sciences; Communication, Journalism, and Related Programs; Psychology; Biological and Biomedical Sciences; Engineering; English Language and Literature/ ...

How prestigious is Loyola Marymount University? ›

Loyola Marymount University's ranking in the 2024 edition of Best Colleges is National Universities, #93.

Is LMU overpriced? ›

Loyola Marymount University's tuition is $58,489. Compared with the national average cost of tuition of $43,477, Loyola Marymount University is more expensive. These figures include both tuition and fees, also referred to as the sticker price.

What is the average family income at LMU? ›

The median family income of a student from Loyola Marymount is $163,700, and 65% come from the top 20 percent.

Is LMU generous with financial aid? ›

LMU will offer you the maximum amount available from each funding source, within federal, state, and university regulations, without exceeding financial need. Federal funds are awarded based on the results from the federal formula by filing the FAFSA and the availability of campus-based federal funds.

Is Loyola Marymount hard to get into? ›

The acceptance rate at Loyola Marymount University is 41.3%.

This means the school is moderately selective.

What GPA do you need for LMU? ›

With a GPA of 3.96, Loyola Marymount University requires you to be at the top of your class. You'll need nearly straight A's in all your classes to compete with other applicants.

What is LMU known for? ›

LMU is a private Catholic university with more than 7,000 undergraduate students and more than 2,800 graduate and law students. Our seven colleges and schools feature top-ranked programs in film and television, business, STEM, and more.

What is the acceptance rate for Loyola University 2024? ›

Applicants for the class of 2027 , matriculating 2024
MiscellaneousCountPercentile
# Applications346483
# Admissions offers1175-
Class size32191
% Accepted33.9%69
1 more row

How hard is Loyola Marymount to get into? ›

The acceptance rate at Loyola Marymount University is 41.3%.

This means the school is moderately selective. The school expects you to meet their requirements for GPA and SAT/ACT scores, but they're more flexible than other schools.

What GPA do you need to get into LMU? ›

Because this school is moderately selective, strong academic performance will almost guarantee you admission. Scoring at a 1349 SAT or above will already give you a great shot at getting in. Scoring a 1430 will nearly guarantee you admission, given that your GPA is roughly the average of 3.96.

Can I get into LMU with a 3.7 GPA? ›

While Loyola Marymount University (LMU) doesn't specifically outline a minimum GPA requirement for their applicants, it is helpful to look at the statistics of recently admitted students to gauge where you might stand. That being said, the average GPA of admitted students tends to be quite competitive.

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