by our College Data Analytics TeamMany students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Loyola Marymount University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Loyola Marymount offer you, and what will you qualify for? Read on for more information. Keep reading to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Loyola Marymount University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Loyola Marymount University, 100% of new full-time first-years were awarded at least some aid around 1533 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $24,318 |
| Institutional grants & scholarships | 100% | $22,080 |
| Federal Pell grants | 13% | $5,712 |
| State/local grants | 11% | $9,060 |
| Federal student loans | 33% | $5,096 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Loyola Marymount, about 88% of undergraduates were awarded grant or scholarship aid averaging $24,107 (among about 6429 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $24,107 |
| Federal Pell grants | 13% | $5,797 |
| Federal student loans | 29% | $6,317 |
For students living on campus and receiving title-IV aid, grants averaged $35,562.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $28,506 |
| $30,001 – $75,000 | $29,504 |
| Over $75,000 | $51,851 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $48,381 |
| Off-campus title-IV students | $45,723 |
For a customized cost estimate, visit Loyola Marymount’s net price calculator: lmu.studentaidcalculator.com/survey.aspx.
The median student at Loyola Marymount graduates with $15,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Loyola Marymount.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $28,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,950 |
| Middle income | $15,750 |
| High income | $15,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $15,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,644 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for Loyola Marymount.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Loyola Marymount:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25618 |
| Total Stafford loan amount | $784,831,750 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 90 |
| Total GI Bill amount | $3,238,985 |
| Average GI Bill amount per recipient | $35,989 |
References
More about our data sources and methodologies.