Transcript Slide 1

Loyola Marymount University
The Quality of the
LMU Experience
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Academic Excellence
Jesuit & Marymount Tradition
Ideal Setting
Safe & Exciting Campus
Small Class Size
Graduate in Four Years
Diversity
Education of the Whole Person
Data Supports:
The Higher the Education
Financial Aid Office @ LMU
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Located in Xavier Hall
21 team members working to make LMU
happen for you!
Our Commitment
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Friendly and Courteous Service
Accurate and Timely Communication
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Application processes
Deadlines
Financial aid programs & award notification
Support Student & Parent
Funding for four years as long as…
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Financial & economic status of household does not
change, and
Aid application deadlines are met each year
Financial Aid @ LMU
How To Apply…
Financial Aid Application
and Deadlines
Applying for Financial Aid
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To receive any LMU funding you must
apply for financial aid
Do not wait for an admission decision to
apply for financial aid!
Step 1:
Complete the FAFSA
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Free Application for Federal Student Aid
(FAFSA)
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January 1, 2007 thru March 2, 2007
On-line or Paper Application
PIN Signatures – Student & one Parent
Estimate Information
Review Responses from Department of Ed.
Step 2: Complete the Cal
Grant GPA Verification Form
 Cal Grant GPA Verification Form
 California Residents
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Check with High School for GPA Verification
Process
Complete and mail by March 2, 2007
www.calgrant.org
Entitlement Awards as Freshman
Step 3:
Complete the CSS Profile
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CSS/Financial Aid Profile
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Register via internet or call CSS to obtain
custom application
Complete custom application
Required by many private institutions in the U.S.
and at LMU
Registration Guide in packet to help with this
process
Step 4:
Submit Tax Returns
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Parent 2006 Federal Income Tax Return
Student 2006 Federal Income Tax Return
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All schedules
All W-2
Signed by tax filer or tax prepares
Non-Filing Statement for those who do not file a
return – available on our website
DUE BY APRIL 1, 2007--PLAN AHEAD!!
Your Financial Aid Time Line
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Apply for Admission
Before March 2, 2007:
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FAFSA
CSS Profile
Cal Grant GPA Verification Form
Before April 1, 2007:
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Parent & Student Federal Income Tax
Returns
Our Financial Aid Time Line
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March 15, 2007 – April 30, 2007
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Communicated via
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Financial Aid Award Letters Sent
Formal Letter
Email
MyAid.com
May 1, 2007
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National Candidate Reply Date
Financial Aid @ LMU
Financial Assistance Programs
What does LMU award?
Aid From Many Sources
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LMU offers federal, state and
institutional financial aid programs
Grants & Scholarships
Work Programs
Low Interest Loans for Students &
Parents
Competitive with any university in the
country!
Federal Government Aid
Programs
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Federal Programs
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Federal Pell Grant
Smart Grant & Academic Competitive Grant
Federal Stafford Loan Program
Student Employment
For more information on these programs,
please refer to the “Fund Your Future Guide”
in your packet
California State Aid Programs:
California Residents
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State Cal Grant Program
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2007-2008 Projected Award $9,708
For more information on these programs,
please refer to the “Fund Your Future” Guide
in your packet
LMU Funds
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Institutional Programs
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Need-Based Grants
Merit Scholarships: Non-Need Based
Low to No Interest Loans
Work Awards
Check our website for more information
about these programs
Private Scholarships
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Individual Donors &
Private Foundations
Employers
Church Groups
Community
Organizations,
Rotary Clubs
Chambers of Commerce
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ROTC
National Merit
Gates Scholarship
Governor’s
Scholarship
529 College
Savings Plan
Loan Programs for Parents
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Parent PLUS Loan
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Cost of attendance minus financial aid awarded
Repayment begins April, 2008
2006-2007 Interest Rate 8.5%
0-3% origination fees
Deferments, interest only options
Stretches parent contribution out rather than over an
annual or four year period
TIP: Consider line of credit against home, tax benefits!
TIP: Watch out for PLUS Loans in Award Letters!
LMU Work Program
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Need Based and Non-Need Based Work
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Work 20 hours a week
On-Campus or Off Campus
Freshman Hourly Wage $7.50 plus
Benefits of working…
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Help pay for current year expenses, not tuition related
Time Management
Relationships, Connections, Mentors
Skill Development
LMU Merit Scholarships
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Academic Scholarships - $20,000
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$5,000 per year for 4 years
Minimum 3.7 GPA and 1350 SAT to be considered
Selected from LMU’s applicant pool
No separate application needed
LMU Merit Scholarships…
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Trustee Scholarships - $140,000
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FULL TUITION for 4 years
ROOM and BOARD for 4 years
Selected at scholarship program February 2007
Presidential Scholarships - $68,000
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$17,000 per year for 4 years
Selected at scholarship program February 2007
LMU Merit Scholarships…
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Jesuit & Marymount High School Scholarship
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$17,000 per year for 4 years
One from each Jesuit school
One from each Marymount school
Leadership Scholars
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$11,500 per year for 4 years
Demonstrated leadership
Strong academic record
Scholarship Scams: Caution!
Signs of a Fraudulent Scholarship Services
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“Guaranteed”
The information is not available anywhere else
Disclose credit card number
They will do all the work
Costs some money
Finalist in a contest you never entered
Let’s Keep in Touch!
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In-person Counseling
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Monday-Friday 8:00 am-5:00 pm
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Drop in or by appointment
After hour appointments available
Telephone
Fax & U.S. Postal Service
www.lmu.edu/finaid
Email (LMU Lion & FAFSA accounts)
MyAid.com