Loans are another form of financial aid available to undergraduate students. They differ from grants and scholarships primarily in that they must be repaid to a lender. Eligibility for the variety of loans available may be determined by need and creditworthiness.
Students are advised to consider their loan options alongside their intended professional future and expected post-graduation income prior to accepting loan aid. The Undergraduate Loan Debt report, as required by California Assembly Bill 721, is available here.
Applying for Loans
In the interest of securing optimal interest rates and other terms and conditions, the Financial Aid Office recommends that students and their parent(s) apply for federal, state and / or institutional loans before applying for private or alternative loans. Implications of accepting loan aid should be fully understood by students and their parents and many programs require a loan counseling session prior to fund disbursement.
For more information on various institutional, federal and private student loan programs, please access the information within this section.
Loans available to students and parents from the federal government.
- Federal Perkins Loan Program
- Federal Direct Subsidized and Unsubsidized Loans
- Federal Direct Parent (PLUS) Loan
Not all LMU students will be offered an institutional loan.
- Burns Student Loan
- California Student Loan
Private (Alternative) Loans
Outside loans based on creditworthiness.
For additional support and to ask any loan-related questions, please contact us to reach a member of our team directly.