Loyola Marymount University (LMU) Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

$5,561

Avg. Federal Grant

$5,133

Avg. Federal Loan

$105,688,476

Total Aid Awarded

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Loyola Marymount University (LMU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$105.688M

Financial Aid Official Website

financialaid.lmu.edu

Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. It is interesting to note that, every year, around 93% of students at LMU receive some kind of financial aid, while the total amount of assistance/loans provided is $15,684,978. One can visit LMU's financial aid page at http://financialaid.lmu.edu for more information. The total percentage of candidates applying to Loyola Marymount University who receive the Federal Grant is 13%. On the other hand, 90% of the candidates get the Student Grant, 90% receive the Institution Grant, and 13% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,626, while the same comes to $8,884 for State Grant receivers and $17,951 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,803. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $33,178 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $33,370 and $29,910, respectively. On the other hand, the average federal aid stands at $21,954 for those with an annual family income between $75,001 and $110,000, and at $14,977 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At LMU, an estimated number of 38% of the applicants choose to go for student loans.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

14%

State Grant Aid

13%

Institution Grant Aid

87%

Pell Grant

14%

Average Aid Awarded

Federal Grant Aid

$5,561

State Grant Aid

$8,743

Institution Grant Aid

$18,628

Pell Grant

$4,695

The average amount of student loan that you can receive will be around $8,338. Almost 40% of students apply for loans every year. You might have less reasons to worry about as the default rate is just 1.8%. The federal loan on the other hand amounts to $5,133.

Federal grant is also an option for you if you meet the eligibility criteria.14% of students are offered such grants about an amount of $5,561. The PELL Grants average amount is $4,695 received by 14% of students.

In addition to these, the state grants also cover up the expenses of 13% of the students and the average of it is $8,743. At Loyola Marymount University you can also depend upon the institutional scholarships and grants as almost the majority of 87% students receive them. The university spends a sum of $105,688,476 on financial aid availed by 77% of the candidates.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$33,855

$30,001 - $48,000

$37,254

$48,001 - $75,000

$29,572

$75,001 - $110,000

$26,849

Over $110,000

$17,153

Another way of analyzing LMU's financial aid is to perceive the amount of financial aid that you may receive in terms of your family income, we get the following data. You might expect to get a sum of $33,855 as a financial aid given your family income is below $30,000. The sum might increase for a family income between $30,001 to $48,000 and be $37,254.

As we move to the family income bracket of $48,001 to $75,000 the amount lowers down to $29,572. The expected amount of financial aid can be $26,849 if you belong to an income category of $48,001 to $75,000. The figure might further go down to $17,153 for income higher than $110,000.

Student Loans for Loyola Marymount University (LMU)

Average Loan Amount Average Loan Amount received per year.

$8,338/Year

Students Taking Out Loans

40%

Loan Default Rate

1.8%

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