Eligibility

Q. Am I eligible to apply for financial aid?  

Graduate students must be U.S. citizens or eligible non-citizens to be considered for most sources of financial aid.

  • International graduate students are eligible to apply for grants, scholarships and a limited number of graduate assistantship positions available on a competitive basis.
  • Graduate students must be admitted as a regular student into a degree, credential or eligible certificate program at LMU and enrolled at least half-time as determined by their program level, to be considered for federal and/or state financial aid.
  • Only graduate level coursework required by your program of study counts towards your enrollment status and federal/state aid eligibility.
  • See the chart below to determine your financial aid eligibility based on your classification with the Graduate School.

Master’s Degree & Doctoral Students

If your program of study is:

Master's Program

You may be eligible for:

Departmental Grant

Federal Direct Unsubsidized Loan

Federal Graduate PLUS Loan

Federal TEACH Grant (for some master's programs)

Federal Work–Study

Enrollment Requirements 

Full-time = minimum of 6 semester units

Half-time = 3 semester units


Doctoral Students completing Dissertation

If your program of study is:

Doctoral Program

You may be eligible for:

Departmental Grant

Federal Direct Unsubsidized Loan

Federal Graduate PLUS Loan

TEACH Grant (for some master's programs)

Federal Work–Study

Enrollment Requirements

Full-time = minimum of 6 semester units, or 2 units if completing dissertation.

Half-time = 3 semester units, or 2 units if completing dissertation.


Non-Degree Credential Students

If your program of study is:

Non Degree Credential

You may be eligible for:

Cal Grant (only if received as an undergraduate & must be approved by CSAC)

Federal Direct Subsidized Loan

Federal Direct Unsubsidized Loan

Federal Parent Plus Loan for Undergraduate Students (if dependent)

Federal Perkins Loan

Federal TEACH Grant (certain conditions apply)

Federal Work–Study

Enrollment Requirements 

Full-time = minimum of 12 semester units

Half-time = 6 semester units

Must be enrolled in a minimum of 6 semester units to eligible for federal financial aid.


Post-Baccalaureate Pre-Medical Students

If your program of study is:

Post-Baccalaureate Premedical Program-Allowed one consecutive 12-month period of eligibility

You may be eligible for:

Federal Direct Subsidized Loan

Federal Direct Unsubsidized Loan

Federal Parent Plus Loan for Undergraduate students (if dependent)

Enrollment Requirements

Full-time = minimum of 12 semester units

Half-time = 6 semester units

Must be enrolled in a minimum of 6 semester units to eligible for federal financial aid.

Second Bachelor's

If your program of study is:

Second Bachelor's

You may be eligible for:

Federal Direct Subsidized Loan

Federal Direct Unsubsidized Loan

Federal Parent Plus Loan for Undergraduate Students (if dependent)

Federal Work–Study

Enrollment Requirements

Full-time = minimum of 12 semester units

Half-time = 6 semester units

Other Programs

If your program of study is:

Other program

And your classification is:

Continuing Education

Certificate Programs

Pre–professional Programs

Teacher Professional Development

No Eligibility

Students in these programs are NOT ELIGIBLE for Federal financial aid funding

 

Q. How was my financial need determined?

Your financial need is based on a formula:


Cost of Attendance - Expected Family Contribution = Financial Need


Cost of Attendance (COA)
The first component of this formula is determining the LMU Graduate Standard Cost of Attendance, which is calculated by totaling your average expected costs for one year (fall and spring semesters only) at LMU. These estimated costs include tuition and fees, room and board, books and supplies, personal expenses and local transportation costs.

Expected Family Contribution (EFC)
The Expected Family Contribution is calculated by the Federal Government from the income and asset information that you provided on the FAFSA application. The family contribution is the amount of money you are expected to contribute toward your educational expenses for one year at LMU.

Financial Need
Your financial need is the difference between the Cost of Attendance and your Expected Family Contribution, which determines the maximum amount of need-based assistance you can receive from federal, state, institutional and outside agency sources.

Packaging Financial Aid Awards
Once your financial need is determined, the Financial Aid Office awards federal and state grants, loans, and work programs based on general eligibility criteria:

  • Federal funds are awarded by the Financial Aid Office based on the result of the federal formula and the availability of campus-based federal funds.
  • The maximum amount of Federal Direct Loans you may be eligible to receive is determined by your graduate program of study.
  • Master's and Doctoral candidates may be eligible to borrow up to $20,500 each academic year in the Federal Direct Unsubsidized Loan.
  • Independent Non-Degree Credential students may be eligible to borrow up to $12,500 (Subsidized and/or Unsubsidized) in Federal Direct Loans. Dependent Non-Degree Credential students may be eligible to borrow up to $7,500 (Subsidized and/or Unsubsidized) in Federal Direct Loans. Non-Degree Credential students may also be eligible to receive a Cal Grant and Federal Teach Grant.
  • Independent Post Baccalaureate students are eligible to borrow up to $12,500 (Subsidized and/or Unsubsidized) in Federal Direct Loans. Dependent Post baccalaureate students are eligible to borrow up to $7,500 (Subsidized and/or Unsubsidized) in Federal Direct Loans. Per Federal regulations, Post baccalaureate students can only receive Federal Direct loans for a two-semester period (one year).
  • State funds are awarded by the Financial Aid Office based on state-specified eligibility requirements.
  • Institutional (LMU) scholarships and grants are awarded by the Graduate Division, and incorporated into your federal and state financial aid award package by the Financial Aid Office.
  • Your enrollment plans, which determine your Cost of Attendance, are based upon the information you provided on your LMU and FAFSA applications. You must report any changes to this information to the Financial Aid Office immediately.


Q. How do I maintain Satisfactory Academic Progress (SAP)?

Note: Due to a change in federal regulations, LMU’s policy regarding maintaining satisfactory academic progress for financial aid has been revised. Please review this information carefully and contact the financial aid office at finaid@lmu.edu if you have any questions.

Satisfactory Academic Progress (SAP):

To be eligible for federal, state, and University financial aid programs, students are required to make satisfactory academic progress. These standards are separate and distinct from the University’s Academic Degree Requirements and Policies as stated in the University Bulletin.

These guidelines are in accordance with those required by federal regulations for recipients of federal grant, work, and loan programs, including the Federal Direct Parent (PLUS) Loan. These standards also apply to state aid or state-funded financial aid programs in accordance with the State of California.

Recipients of LMU tuition benefits who are not receiving any other federal, state, or University funds are not bound by these guidelines.

Graduate students must:

  • maintain a minimum semester and cumulative grade point average of 3.00
  • if enrolled full-time, complete a minimum of 6 units per semester.
  • not exceed the maximum timeframe to complete a graduate degree, five (5) years


Grades

Grades of F, NC, AU, and W do not count in calculating the minimum grade point average. Grades of I (Incomplete) or IP temporarily will not be counted until the final grade is posted. Students must comply with the requirements to convert an incomplete to a permanent grade according to the requirements as stated in the University Bulletin.


Withdrawals

Students who withdraw from all coursework or take a leave of absence and later enroll in a subsequent term retain the SAP status held during their last term of enrollment.

Transfer Student Course Evaluation

Transfer students are evaluated based on the number of units accepted at admission to determine their maximum time frame to receive financial aid.

Repeat Coursework

Classes for failed courses that are repeated because they are required for graduation are eligible for financial aid. Repeated courses are included in the calculation of attempted and earned hours.

Maximum Time Frame to Complete Degree

Students must complete their degree within five (5) years of starting their program.
Important: The maximum time-frame to complete degree requirements does not override institutional, federal or state financial aid programs that have a maximum period of eligibility.

Students should refer to the Academic Degree Requirements and Policies section of University Bulletin for information on the recommended course load required to complete their degree requirements in five (5) years.

Satisfactory Academic Progress Review Process

All students receiving financial aid are reviewed for satisfactory academic progress at the end of each term of enrollment.

SAP Warning

Students enrolled for the summer are reviewed after the end of the second summer session. Students failing to meet these requirements for the first time receive a “SAP Warning” Notice. Students are eligible for financial aid for their next term of enrollment while on Warning status.

Financial Aid Probation

If the student does not meet the minimum requirements after their next term of enrollment they are not eligible to receive financial aid. Students may submit a Satisfactory Academic Progress Appeal to the Financial Aid Office. This appeal must detail why the student was unable to meet minimum satisfactory academic progress requirements and the steps being taken to meet the minimum requirements and regain eligibility. If the appeal is approved the student is placed on Financial Aid Probation for one term. Students who cannot meet the minimum requirements within one term are encouraged to meet with an academic advisor to prepare an academic contract which outlines the terms and period that will allow the student to meet the minimum requirements.


Q. I am an MBA student who plans to participate in a Study Abroad Program, such as CMS or the Bonn Program; am I eligible to receive financial aid?

MBA students who plan to participate in a Study Abroad Program, such as the CMS-European Union Program or the Bonn Program, are eligible to apply for summer financial aid to assist with program related expenses.

In order to apply for financial aid, students must:

1) Submit a Summer Financial Aid Application

  • Please review the application instructions carefully.
  • If you have not already completed a FAFSA during the academic year, you must do in order to apply for summer financial aid.
  • If you have already reached the annual borrowing limits for the Federal Direct Loan, you may apply for a Federal Graduate PLUS Loan.

Students participating in the MBA CMS-European Program are eligible to apply for a one-time $10,000 increase to their LMU Estimated Cost of Attendance by submitting an Appeal to Adjust Cost of Attendance form.

For more information about Study Abroad Program opportunities available to MBA students, contact the MBA Program Office.


Q.  I have received notice of conditional or provisional admittance to a graduate program at LMU.  Am I eligible to receive financial aid?
 
You must be enrolled as a regular student in an eligible program in order to receive federal student aid, in accordance with federal regulations.  You may be eligible to receive LMU grants or scholarships.  If you are a conditional or provisional admit, you will not be eligible for federal student aid until you are admitted as a regular student

For questions related to financial aid, please contact the Financial Aid Office.

 

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