by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Loyola Marymount.
Loyola Marymount University average financial aid offer for freshmen students is $21,549.00. Financial aid is provided to about 93% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Loyola Marymount University you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers pertain to assistance that is supplied by Loyola Marymount University.
91% of new students (1337 total) were given scholarships at Loyola Marymount University, averaging $20,038.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 70% of freshmen (1023 total) received a federal grant, for about $1,211.00 a person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 4.98% | $37,505.00 |
| Income 30k-48k | 3.48% | $38,250.00 |
| Income 48k-75k | 3.14% | $32,943.00 |
| Income 75k-110k | 5.66% | $30,169.00 |
| Income 110k + | 22.99% | $19,405.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
93% of the 1466 undergraduates at Loyola Marymount University receive some sort of grant aid. This is a total of about 1349 students getting an average of $21,549.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.