Additional financial aid options exist for specific populations in other forms, such as tuition waivers, discounts, and other alternative aid types. Eligibility requirements are varied, as are application requirements and processes.
For more information on other institutional, state, and federal aid programs, please access the information included within this section.
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Loyola Marymount University continues to support veterans and their families by collaborating with the U.S. Department of Veterans Affairs on the Post 9/11 GI Bill® and the Yellow Ribbon Program.
Eligible students should submit enrollment verification documents required by the VA to the LMU's Veterans' Certification Office or LMU Loyola Law School's Office of the Registrar.
VA Educational Benefits (VEB) must be coordinated with other financial aid awards according to federal, state, and institutional policy. Students receiving VEB (including Yellow Ribbon funds) cannot receive funds designated for tuition/fees only that exceed the actual amount of tuition and mandatory fees for the University.
- Calculate your Post-9/11 GI Bill benefits using the GI Bill Comparison Tool.
- Additional information on types of Veteran Benefits is available here www.gibill.va.gov.
Yellow Ribbon Program
Yellow Ribbon benefits are coordinated between the University and the US Department of Veterans Affairs (VA) after a student’s Post 9/11 (Chapter 33) benefit has been exhausted. The Chapter 33 benefit amount for 2023-2024 is $27,120.05. After that amount has been exhausted for payment of tuition and fees, a Yellow Ribbon Grant and matching funds from the VA will be added to the student’s financial aid award up to the maximum amounts. If a student receives his or her full Chapter 33 benefit and the Yellow Ribbon benefits in the fall and spring semesters, the student will NOT be eligible for Yellow Ribbon benefits for summer session courses.
Continued eligibility requirements for Yellow Ribbon benefit recipients:
- Remain in good academic standing with LMU.
- Courses must be degree-applicable.
- Remain eligible for Post-9/11 benefits.
Executive MBA & MBA Programs
Up to 10 students eligible for Yellow Ribbon benefits, admitted and enrolled in the Executive MBA program or MBA program may receive up to $10,000 from LMU and $10,000 in matching funds from the Department of Veterans Affairs for the 2023-2024 academic year. The actual amount of the academic year benefit will be based on the number of units completed each term.
If the student received their full Chapter 33 benefit and the Yellow Ribbon benefits in the fall and spring semesters, they will NOT be eligible for the Yellow Ribbon benefits in Summer 2024.
Other Graduate Programs
Up to 10 students eligible for Yellow Ribbon benefits, admitted and enrolled in a graduate degree program other than the Executive MBA or MBA program may receive up to $5,000 from LMU and $5,000 in matching funds from the Department of Veterans Affairs for the 2023-2024 academic year. The actual amount of the academic year benefit will be based on the number of units taken and charged completed for each term.
If the student received their full Chapter 33 benefits and the Yellow Ribbon benefits in the fall and spring semesters, the student will NOT be eligible for Yellow Ribbon benefits in Summer 2024.
The Free Application for Federal Student Aid (FAFSA)
The FAFSA is not required to receive veteran’s benefits or for the Yellow Ribbon program. However, as a veteran, you may also apply for other forms of financial aid like loans.
LMU Loyola Law School
LMU Loyola Law School has funding to provide a direct grant of $5,000 to 10 qualifying veterans ($2,500 in the fall term and $2,500 in the spring term). Visit the LMU Loyola Law School Yellow Ribbon page for details and procedures.
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Using AmeriCorps award to pay for educational fees
If you have an AmeriCorps Award and seek payment for current expenses, you can request your award online from the National Service Trust. Log in directly to My AmeriCorps to request your award. First-time users will be prompted to register via the portal homepage.
LMU will receive the first payment from AmeriCorps within two weeks of approving your educational expense voucher. If your voucher is denied for any reason, comments will be entered on the voucher request explaining the reason for denial.
AmeriCorps awards are certified up to Graduate or Law School Cost of Attendance. Students may request AmeriCorps funds to cover charges for the current semester or a previous semester. AmeriCorps Awards are received in two payments: one at the beginning of the term, the other near the mid-point. This means your award will be provided in two equal disbursements. AmeriCorps Awards will be considered part of your Financial Aid package for the requested academic year.
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Tuition Benefits
Full-time faculty and full-time, regular staff members are eligible to receive full tuition remission for undergraduate or graduate courses that are taken towards the completion of one undergraduate and/or one graduate degree, completion of a credential/certificate program offered by one of the six university schools/colleges, or taken under non-degree status.
In addition, the spouses and dependent children of full-time, regular faculty members are eligible for full-time tuition remission, provided certain requirements are met. Spouses and dependent children of part-time employees are not eligible for tuition remission. Please refer to the LMU Faculty Handbook and LMU Staff Policy Manual or contact the Human Resources Office for further information regarding tuition remission.LMU Tuition Benefits must be considered as a resource when determining eligibility for federal, state, and other university-funded sources of financial aid. If you participate in a tuition program covering part of your LMU tuition, you must notify the Financial Aid Office to ensure these resources are coordinated with other financial aid.
Recipients of LMU tuition benefits or tuition exchange programs that meet 100% of LMU tuition costs are not eligible to receive the following forms of financial aid.
- LMU Grant or LMU Donated or Endowed Awards
- LMU Institutional Scholarships
- LMU Yellow Ribbon Grant
- LMU Institutional Loans (Perkins, California, Shandler, or Burns)
Recipients of the Cal Grant A or B (Tuition Award) who also receive LMU Tuition Benefits will have their LMU Tuition Benefits reduced by the amount of the Cal Grant tuition award.
Non-LMU Tuition Benefits/Reimbursement
Non-LMU tuition benefits must be considered as a resource when determining eligibility for federal, state and other university-funded sources of financial aid. If your financial aid award does not include tuition benefits that you have been approved to receive, please notify the Financial Aid Office immediately.