Loyola Marymount University Financial Aid Office

The Quality of the LMU Experience Academic Excellence Jesuit & Marymount Tradition Ideal Setting Safe & Exciting Campus Small Class Size Graduate in Four Years Diversity Education of the Whole Person

Data Supports: The Higher the Education

Financial Aid LMU Located in Xavier Hall 21 team members working to make LMU happen for you!

Our Commitment Friendly and Courteous Service Accurate and Timely Communication Application processes Deadlines Financial aid programs & award notification Support Student & Parent Funding for four years as long as… Financial & economic status of household does not change, and Aid application deadlines are met each year

Financial LMU How To Apply… Financial Aid Application and Deadlines

Applying for Financial Aid To receive any LMU funding you must apply for financial aid Do not wait for an admission decision to apply for financial aid!

Step 1: Complete the FAFSA Free Application for Federal Student Aid (FAFSA) January 1, 2007 thru March 2, 2007 On-line or Paper Application PIN Signatures – Student & one Parent Estimate Information Review Responses from Department of Ed.

Step 2: Complete the Cal Grant GPA Verification Form  Cal Grant GPA Verification Form  California Residents Check with High School for GPA Verification Process Complete and mail by March 2, Entitlement Awards as Freshman

Step 3: Complete the CSS Profile CSS/Financial Aid Profile Register via internet or call CSS to obtain custom application Complete custom application Required by many private institutions in the U.S. and at LMU Registration Guide in packet to help with this process

Step 4: Submit Tax Returns Parent 2006 Federal Income Tax Return Student 2006 Federal Income Tax Return All schedules All W-2 Signed by tax filer or tax prepares Non-Filing Statement for those who do not file a return – available on our website DUE BY APRIL 1, PLAN AHEAD!!

Your Financial Aid Time Line Apply for Admission Before March 2, 2007: FAFSA CSS Profile Cal Grant GPA Verification Form Before April 1, 2007: Parent & Student Federal Income Tax Returns

Our Financial Aid Time Line March 15, 2007 – April 30, 2007 Financial Aid Award Letters Sent Communicated via Formal Letter MyAid.com May 1, 2007 National Candidate Reply Date

Financial LMU Financial Assistance Programs What does LMU award?

Aid From Many Sources LMU offers federal, state and institutional financial aid programs Grants & Scholarships Work Programs Low Interest Loans for Students & Parents Competitive with any university in the country!

Federal Government Aid Programs Federal Programs Federal Pell Grant Smart Grant & Academic Competitive Grant Federal Stafford Loan Program Student Employment For more information on these programs, please refer to the “Fund Your Future Guide” in your packet

California State Aid Programs: California Residents State Cal Grant Program Projected Award $9,708 For more information on these programs, please refer to the “Fund Your Future” Guide in your packet

LMU Funds Institutional Programs Need-Based Grants Merit Scholarships: Non-Need Based Low to No Interest Loans Work Awards Check our website for more information about these programs

Private Scholarships Individual Donors & Private Foundations Employers Church Groups Community Organizations, Rotary Clubs Chambers of Commerce ROTC National Merit Gates Scholarship Governor’s Scholarship 529 College Savings Plan

Loan Programs for Parents Parent PLUS Loan Cost of attendance minus financial aid awarded Repayment begins April, Interest Rate 8.5% 0-3% origination fees Deferments, interest only options Stretches parent contribution out rather than over an annual or four year period TIP: Consider line of credit against home, tax benefits! TIP: Watch out for PLUS Loans in Award Letters!

LMU Work Program Need Based and Non-Need Based Work Work 20 hours a week On-Campus or Off Campus Freshman Hourly Wage $7.50 plus Benefits of working… Help pay for current year expenses, not tuition related Time Management Relationships, Connections, Mentors Skill Development

LMU Merit Scholarships Academic Scholarships - $20,000 $5,000 per year for 4 years Minimum 3.7 GPA and 1350 SAT to be considered Selected from LMU’s applicant pool No separate application needed

LMU Merit Scholarships… Trustee Scholarships - $140,000 FULL TUITION for 4 years ROOM and BOARD for 4 years Selected at scholarship program February 2007 Presidential Scholarships - $68,000 $17,000 per year for 4 years Selected at scholarship program February 2007

LMU Merit Scholarships… Jesuit & Marymount High School Scholarship $17,000 per year for 4 years One from each Jesuit school One from each Marymount school Leadership Scholars $11,500 per year for 4 years Demonstrated leadership Strong academic record

Scholarship Scams: Caution! Signs of a Fraudulent Scholarship Services  “Guaranteed”  The information is not available anywhere else  Disclose credit card number  They will do all the work  Costs some money  Finalist in a contest you never entered

Let’s Keep in Touch! In-person Counseling Monday-Friday 8:00 am-5:00 pm Drop in or by appointment After hour appointments available Telephone Fax & U.S. Postal Service (LMU Lion & FAFSA accounts) MyAid.com