Financial Aid Terms and Conditions

The information below describes the rights and responsibilities of students receiving financial aid assistance and, specifically, federal student aid at Loyola Marymount University/Loyola Law School. More information on each area below is provided on the Loyola Marymount University Financial Aid website.

Student’s Right to Know:

  • Students have the right to know the criteria for continued student eligibility for each type of financial aid awarded.
  • Students have the right to know the Satisfactory Academic Progress (SAP) standards that students must meet to receive financial aid assistance, and the required criteria to re-establish eligibility if a student fails to meet Satisfactory Academic Progress (SAP).
  • Students have the right to know the method by which financial aid disbursements will be made to the students and the frequency of those disbursements.
  • Students have the right to know the method the school provides for Pell eligible students to obtain or purchase required books and supplies by the seventh day of a payment period.
  • Students have the right to know the general terms and conditions are applicable to any employment provided to a student as part of the student’s financial aid package.
  • Students have the right to know the terms of any loan received, a sample loan repayment schedule for sample loans, the necessity for paying loans, and the loan exit counseling information the school provides.

 

Student’s Responsibilities:

  • I agree to notify the Financial Aid Office of any changes to the information used to determine my financial aid award.
  • I agree to respond to requests for information from the Financial Aid Office.
  • I agree to review the Financial Aid Award Guide on the Financial Aid website and PROWL award messages, and acknowledge the enrollment requirements to receive certain types of financial aid.
  • I agree to notify the Office of the Registrar if at any time I stop attending classes and officially take a leave of absence or withdraw from the university.
  • I agree to notify the Financial Aid Office if I am, or I become incarcerated while I am in attendance at LMU/Loyola Law School and receiving financial aid.
  • I agree to notify the Financial Aid Office if I (or a parent who has borrowed from the Federal Parent PLUS Loan program) am convicted of or pled guilty or no-contest to a crime involving fraud in obtaining federal student aid funds.
  • I agree to notify the Financial Aid Office if I (or a parent who has borrowed from the Federal Parent PLUS Loan program) am subject to a lien for a debt owed to the United States.
  • I agree to use federal student aid funds received during the award year solely for educational expenses related to attendance during that year.

 

Attention Student Athletes:

  • Students receiving athletic grant-in-aid have terms and conditions specific to their athletic grant-in-aid. Review detailed information here.

Unit Requirement for Federal, State and Institutional Financial Aid:

  • Undergraduate students must be enrolled in a minimum of 12 units to be eligible to receive institutional financial aid and 6 units to be eligible for federal and state financial aid.
  • Credential students must be enrolled in a minimum of 6 units to be eligible to receive federal and state aid.
  • Post-Baccalaureate Premedical Certificate program students are eligible for up to one twelve month period of federal aid, and must be enrolled in a minimum of 6 units.
  • Master’s Degree candidates much be enrolled in a minimum of 3 units to be eligible for federal aid programs.
  • Doctoral Degree candidates must be enrolled in a minimum of 2 units to be eligible for federal aid programs.
  • Law Degree candidates must be enrolled in the minimum number of units as outlined by their program to be eligible for their scholarship and federal financial aid.
  • All students may only receive federal aid for coursework that is required for their degree.