How much does Loyola Marymount University really cost. What factors influence the net price. How does LMU’s net price compare to national averages. Discover the answers and make informed financial decisions for your education.
Understanding Loyola Marymount University’s Net Price
When considering higher education, understanding the true cost of attendance is crucial. Loyola Marymount University (LMU) offers a comprehensive Net Price Calculator to help prospective students and their families gauge the actual expenses they may incur. This tool goes beyond the sticker price, taking into account various factors that influence the final cost.
The average net price for undergraduate students at Loyola Marymount University is $53,616. This figure represents the total cost of attendance minus the average amount of aid awarded per student. It’s important to note that individual circumstances can significantly impact this number, making the Net Price Calculator an invaluable resource for personalized estimates.
Factors Influencing Net Price
- Tuition and fees
- Room and board
- Books and supplies
- Personal expenses
- Financial aid packages
- Family income level
Is the net price the same for all students? No, it varies considerably based on individual circumstances. For instance, 90% of freshman students at LMU received grant and scholarship aid, with an average award of $19,877. This significantly reduces the out-of-pocket expenses for many students.
Breaking Down LMU’s Costs for Freshmen
For incoming freshmen, understanding the breakdown of costs is essential for financial planning. At Loyola Marymount University, the total cost of attendance for on-campus students is $70,858. However, this number can be misleading without considering financial aid.
Net Price by Aid Group
- Students receiving no aid: $70,858 (on-campus)
- Students receiving average aid: $50,981 (on-campus)
Why is there such a significant difference? The disparity is due to the substantial financial aid packages offered by LMU. With 90% of freshmen receiving some form of aid, many students pay considerably less than the sticker price.
The Impact of Family Income on Net Price
Family income plays a crucial role in determining the net price at Loyola Marymount University. The school’s commitment to financial accessibility is evident in its tiered pricing structure based on income levels.
| Family Income | Net Price |
|---|---|
| $0-$30,000 | $32,367 |
| $30,001-$48,000 | $35,166 |
| $48,001-$75,000 | $34,284 |
| $75,001-$110,000 | $40,964 |
| $110,001+ | $49,269 |
Can lower-income families afford LMU? While the costs may seem daunting, the university’s tiered pricing structure and generous financial aid packages make it more accessible than the sticker price suggests. Families in the lowest income bracket face a net price that’s nearly $38,000 less than the full cost of attendance.
Comparing LMU’s Net Price to National Averages
When evaluating the affordability of Loyola Marymount University, it’s crucial to consider how its net price compares to national averages. With an overall best-case average net price of $50,981, LMU positions itself significantly above the national average of $20,398 for private non-profit four-year institutions.
Does this mean LMU is overpriced? Not necessarily. The higher net price should be considered alongside the quality of education, resources, and opportunities provided by the university. LMU’s location in Los Angeles, its strong academic programs, and its commitment to holistic education contribute to its value proposition.
Factors to Consider When Comparing Costs
- Academic reputation and program strength
- Career outcomes and alumni success
- Networking opportunities
- Location and associated living costs
- Available resources and facilities
While the net price is higher than the national average, prospective students should weigh this against the potential return on investment and the unique experiences offered by LMU.
Financial Aid Opportunities at Loyola Marymount University
Loyola Marymount University offers a robust financial aid program to help offset the cost of attendance. With 90% of freshmen receiving some form of aid, the university demonstrates a strong commitment to making education accessible.
Types of Financial Aid Available
- Merit-based scholarships
- Need-based grants
- Federal work-study programs
- Federal and private loans
- Institutional aid
Are scholarships and grants enough to cover all expenses? While the average aid package of $19,877 significantly reduces costs, most students will still need to explore additional funding options. This may include a combination of personal savings, loans, and part-time work.
How can students maximize their financial aid opportunities? Here are some strategies:
- Apply early for admission and financial aid
- Maintain strong academic performance for merit-based scholarships
- Explore external scholarship opportunities
- Consider work-study options on campus
- Engage with the financial aid office for personalized advice
Understanding the College Cost Estimator
Loyola Marymount University provides a College Cost Estimator tool to help prospective students and their families calculate a more accurate picture of their potential expenses. This tool takes into account various factors that can influence the net price.
Key Factors in the Cost Estimator
- Current residence (in California or out-of-state)
- Planned living arrangement (on-campus, off-campus, or at home)
- Likelihood of receiving grants and scholarships
- Anticipated loan options
How accurate is the College Cost Estimator? While it provides a good starting point, it’s important to remember that it’s an estimate based on average figures. Individual circumstances can vary, and the final net price may differ from the estimate.
Using the estimator, a student planning to live on campus, likely to receive grants and scholarships, and open to all loan sources might expect the following breakdown:
- Estimated Cost: $70,858
- Aid (Grants and Scholarships): $19,877
- Estimated Net Price: $50,981
- Loans: $9,135
- Out of Pocket: $41,846
This breakdown illustrates the potential impact of financial aid on reducing the overall cost of attendance at LMU.
Long-term Financial Considerations for LMU Students
When evaluating the cost of attending Loyola Marymount University, it’s crucial to consider not just the immediate expenses but also the long-term financial implications. This includes factors such as loan repayment, potential earnings after graduation, and the overall return on investment.
Student Loan Considerations
Many students at LMU rely on loans to finance their education. While loans can make college more accessible in the short term, they come with long-term financial obligations.
What is the average student loan debt for LMU graduates? While specific figures for LMU are not provided in the original text, it’s important for prospective students to research this information. Understanding the average debt load can help in making informed decisions about borrowing and future financial planning.
Evaluating Return on Investment
When considering the higher-than-average net price of LMU, students should also factor in the potential return on investment. This includes:
- Career prospects in chosen fields of study
- Average starting salaries for LMU graduates
- Alumni network and career support services
- Internship and job placement rates
Does the higher cost of LMU translate to better career outcomes? While individual experiences may vary, researching employment statistics and alumni success stories can provide valuable insights into the long-term value of an LMU education.
Navigating the Financial Aid Process at LMU
Understanding and navigating the financial aid process is crucial for prospective Loyola Marymount University students. The university offers various resources to help students and families make informed decisions about financing their education.
Key Steps in the Financial Aid Process
- Complete the Free Application for Federal Student Aid (FAFSA)
- Submit any additional required documents to LMU’s financial aid office
- Review your financial aid award letter
- Explore additional funding options if necessary
- Accept or decline offered aid
How early should students begin the financial aid process? It’s recommended to start as early as possible. The FAFSA becomes available on October 1st each year, and submitting it early can increase chances of receiving certain types of aid.
Utilizing LMU’s Financial Resources
Loyola Marymount University provides several tools and resources to assist with financial planning:
- Net Price Calculator: For personalized cost estimates
- Financial Aid Website: Comprehensive information on aid options
- Financial Aid Counselors: Available for one-on-one guidance
By thoroughly researching and utilizing these resources, prospective students can gain a clearer understanding of their financial options and make well-informed decisions about attending Loyola Marymount University.
Loyola Marymount University Costs& Find Out the Net Price
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How much does it cost to go to Loyola Marymount?
On this page you’ll get a better understanding of what college costs you’ll actually have to pay out of pocket, which can vary widely based on where you live and your income level.
Why is Net Price Important?
Few students will pay the full advertised sticker price of Loyola Marymount. The Net Price is an estimate of how much the average student actually pays to attend college for one year.
To calculate this number we take the total cost of attendance of Loyola Marymount University including tuition, fees, room, board and other expenses.
Then we subtract out the average amount of aid awarded per student.
What is the Average Net Price for All Loyola Marymount Undergrads?
The average student will pay a total net price of $53,616.
$53,616 is the average net price across all students. Your price may differ depending on your family income level.
The average net price of $53,616 is based on estimates from 2020. This number represents the overall average net price of all undergraduate students, including those that did not receive any financial aid.
Breakdown of College Costs for Freshmen
Grant and scholarship aid was given to 90% of freshman students.
The average amount awarded was $19,877.
When subtracted from the total cost to attend Loyola Marymount and live on campus, the average annual net price for freshmen receiving aid was $50,981.
The following table explores the likelihood that you too will receive some common price-reducing aid, based on percentages.
| Net Price by Aid Group | On Campus | Off Campus | At Home |
|---|---|---|---|
| 1,510 Total Freshmen | |||
| 148 (10%) did not receive any grants or scholarships. | $70,858 | $74,879 | $58,299 |
| 1,362 (90%) split a total of $27,072,474 for an average of $19,877 each | $50,981 | $55,002 | $38,422 |
The above refers to grants and scholarships from the college and/or the state, federal or local governments. Other sources of grant aid such as private scholarships are not included.
College Cost Estimator
Use the College Cost Estimator to get an idea of how much money you may have to spend out of pocket to attend Loyola Marymount, and how many loans you may have to take on.
Select the factors that are true for you.
I Currently Live:
- in California
- someplace else
I Plan to Live:
- on campus
- off campus
- at home
Grants and Scholarships:
- definitely
- maybe
- not likely
Loans:
- all sources
- federal only
- none
Estimated Cost for You This is what the college will likely charge you in this scenario. | $70,858 |
Aid (Grants and Scholarships) Money given to you to offset the cost of college. | $19,877 |
Estimated Net Price This is what you can expect to pay (or pay back). | $50,981 |
Loans Money you borrow to cover the cost of college. You will have to repay this eventually. | $9,135 |
Out of Pocket Money you need to come up with each year to attend college. | $41,846 |
How much will you be relying on loans to finance your education?
Research the average amount of loan debt students take on from this school.
Net College Cost Based on Income Level
Family income can have a large impact on the amount of aid you receive, and thus, your net price.
The table below shows the average net price freshmen paid based on income level. Note that if the school offers in-state tuition, the lower in-state tuition has been used in the calculation.
| Net Price by Family Income Level | Net Price |
|---|---|
| 0-30k | $32,367 |
| 30k-48k | $35,166 |
| 48k-75k | $34,284 |
| 75k-110k | $40,964 |
| 110k + | $49,269 |
The above table only includes the calculated net price for students that received some form of Title IV aid.
What is Title IV?
Title IV of the Higher Education Act of 1965 establishes general rules that apply to the student financial assistance programs covering grants and loans.
How Much are Prices Increasing for Freshmen?
Over a period of six years, the average net price paid by all freshmen at Loyola Marymount University has increased by an average of 1.6% per year.
How Does Loyola Marymount Net Price Compare to Average?
An overall best case average net price of $50,981 puts Loyola Marymount University well above the national average of $20,398.
Financial Aid Packages Vary From Year to Year
Many schools offer more aid to first year students (freshmen) than they do to other undergraduates. Is that the case with this school?
Additional Information
- Loyola Marymount University’s net price calculator
- Loyola Marymount University’s financial aid website
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Tuition fees at Loyola Marymount University, Los Angeles – UniPage
The information is for informational purposes only. Check the prices and requirements on the official website of the educational institution.
About the University
Loyola Marymount University (LMU) is a private non-profit Christian educational institution. LMU is located in Los Angeles, United States. LMU conducts joint activities with the International Federation of Catholic Universities (IFCU), Association of Jesuit Colleges and Universities (AJCU), Association of Catholic Colleges and Universities (ACCU). Sport affiliations and memberships: National Collegiate Athletic Association (NCAA).
LMU is one of the top universities in the US.
The Admissions Committee reviews applicants’ applications for undergraduate, graduate and doctoral programs.
Need help applying?
Get a ConsultationAbout Services
Loyola Marymount University Tuition Fees
Loyola Marymount University’s academic calendar consists of two equal semesters.
For convenience, the total cost of training is calculated per year. At Loyola Marymount University, tuition fees are the same for all students and start at 15920 USD per year. The university offers scholarships and financial support programs to some students. Scholarships are available to both locals and foreigners. For up-to-date information on the cost of education for each program and scholarships, check the official website of the educational institution.
Extras
When choosing an educational institution, it is important to be aware of the additional costs: hostel rent, transportation, teaching materials, meals and personal expenses.
Loyola Marymount University Programs
Undergraduate Masters Doctorate
EducationLiberal Studies (Elementary Education), BA
Program Website55,426USD/year
Journalism and MediaCommunication Studies, BA
Program Website55,426USD/ year
Film, TV and Media Studies
Program website55 426USD/year
Journalism, BA
Program Website55,426USD/year
Engineering and TechnologyComputer Engineering
Program Website55,426USD/year
Electrical Engineering
Program Website53,053USD/year
Physics
Program Website55,426 USD/year
Environmental and Earth Sciences Biology, BA
Program Website53,053 USD/year
Environmental Science
Program Website55,426 USD/year
Environmental Science, BSUrban Studies, BA
Program Website53,053 USD/year 9000 3 MedicineBiology, BA
Program website USD 53,053/year
Health and Human Sciences
Program website USD 53,053/year
Health and Human Sciences, BSPsychology, BA
Program website USD 53,053/year
Social Sciences and ManagementAsian Pacific American Studies
Program website USD 53,053/year
Asian and Pacific Studies, BA
Program website USD 55,426/year
Chicana and Latina Studies
Program website USD 53,053/year
Film, Television, and Media Studies, BAInternational Relations, BA
Program website USD 55,426/year
Show all
HumanitiesAsian Pacific American Studies
Program Website53,053USD/year
Asian and Pacific Studies, BA
Program Website55,426USD/year
Chicana and Latina Studies
Program Website53,053USD/year
English, BA
Program website$53,053/year
French, BA
Program website$53,053/year
Show all
Science and MathematicsApplied Mathematics
Program website$53,053/year
Applied Mathematics, BSAppli ed Physics
Program website55,426USD/year
Biochemistry
Program website$53,053/year
Biology
Program website$53,053/year
Show all
Computer Science and ITAnimation, BA
Program website$55,426/year
Computer Engineering
Program website$55,426/year
Computer Science
Program website$55,426/year
Computer Science, BSInformation Systems and Business Analytics
Program website$53,053/year
Show all
Arts and HumanitiesAnimation, BA
Program website55,42 6USD/year
Art History , BAArt and Design
Program website USD 55,426/year
Dance, BA
Program website USD 53,053/year
Film and TV Production
Program website USD 55,426/year
Show all
Accounting and Finance Accounting, BS Economics and Business Management 02 Program Website55,426USD/year
Economics, BS Show all
OthersAfrican American Studies, BAApplied Physics, BSBiochemistry, BSBiology, BSChemistry, BS Show all
Other programs
Engineering and TechnologyMechanical Engineering
Program website USD 16,772/year
Systems Engineering & Engineering Management, Dual MS / MBA (Hybrid) Humanities Theology
Program website USD 15,920/year
Writing for the Screen, MFA
Program website USD 33,543/year MS MedicineHealthcare Systems Engineering
Program WebsiteUSD 16,542/Program
Yoga Studies, MA (Residential)EducationEducational Studies, MAElementary Education, MAMarital and Family Therapy with Specialized Training in Art Therapy
Program Website25,157USD/year
Secondary Education, MASpecial Education, MA Show all
Social Sciences and ManagementCounseling, MAFilm and Television Production, MFA
Program Website33,543USD/year
Marital & Family Therapy / Art Therapy, MAMarital and Family Therapy with Specialized Training in Art Therapy
Program Website25,157USD/year
Online Master of Laws (Tax LLM), LLM Show all
Computer Science and ITComputer Science, MSHealthcare Systems Engineering
Program Website USD 16,542/Program
Arts and HumanitiesCatholic Archdiocesan School Teachers (CAST), MA English, MAFilm and Television Production, MFA
Program Website USD 33,543/year
Pastoral Theology, MAP Philosophy, MA Show All
Economics and Business AdministrationBusiness Administration 9 0002 Website Programs
Executive MBA, MBATaxation, MSOtherAccounting, MSBioethics, MABusiness Analytics, MSEntrepreneurship and Sustainable Innovation, MSHealthcare Systems Engineering, MS Show all
Other programs
Other Doctor of Juridicial Science, JSD Other programs
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Free consultationAbout services at LMU possible based on good academic performance (GPA 2) and the results of entrance examinations in an educational institution.
Before applying to the university, you need to pass an exam for knowledge of the English language. The university accepts IELTS, PTE or TOEFL results. A TOEFL score of at least 80. The IELTS exam must be passed at 6.5 or higher.
Admission to the master’s program at LMU
When selecting for master’s programs, the admission committee of the university pays attention to the student’s academic performance in the undergraduate program. To enter the LMU for a master’s degree, you will have to confirm knowledge of the English language. You can do this by taking the IELTS, PTE or TOEFL exam. The minimum TOEFL score for admission is 79. IELTS score is 6.5 or higher. LMU provides an opportunity to get a master’s degree remotely.
Loyola Marymount Campus
Loyola Marymount University’s city campus provides students with countless opportunities for work and play. From gatherings in a coffee shop with a laptop to internships in large companies. Los Angeles has a very well developed entertainment infrastructure.
The main thing is that the rhythm of the big city does not distract you from your studies. There is a library on the territory of the university. There are collected scientific works of graduates and teachers of the university, as well as fiction. Foreigners who come to LMU on exchange programs study and live with local students. Thus, the university promotes intercultural exchange and the establishment of interethnic relations.
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What to do after Loyola Marymount University
The US allows graduates to stay in the country for another year. Former students can spend this time looking for a job in order to change their visa to a work one. Look for more immigration options in our article.
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