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