Financial Aid

Students filling out forms at Marymount California University

Higher education is one of the first major investments you will make in your future.

The Office of Financial Aid at Marymount California University is dedicated to helping students and their families make that investment a little less of a burden. With financial aid packages including grants and scholarships to fit every educational goal, we can help plan for the future. Don’t let worries about how you’re going to pay for your education stand in the way of your amazing future.

Marymount California awards financial aid to more than 70 percent of students yearly!  Get all the details on our Undergraduate Financial Aid page.

Marymount California University fully complies with the Department of Education Clery Act Requirements.

Financial Aid, Scholarships and Student Employment

Students are encouraged to apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA). www.fafsa.ed.gov

The Office of Financial Aid can answer questions when students and parents are completing the application forms, as well as information about eligibility and programs available.

Marymount California University is committed to a comprehensive program of financial aid assistance for those students and families who otherwise would be unable to take advantage of the educational opportunities Marymount offers. Financing a college education is primarily the responsibility of the student and his or her family. When these resources are not sufficient to meet the costs of attending Marymount, the Office of Financial Aid attempts to fill the gap from a variety of federal, state and institutional resources.

Application Process

Financial aid is available to students who are U.S. citizens or eligible noncitizens who demonstrate financial need according to the Free Federal Application for Federal Student Aid. To be considered for aid, a student must:

  1. Apply and be admitted to Marymount.
  2. Complete the Free Application for Federal Student Aid (FAFSA) and submit it to the Federal Processor. Marymount’s school code is 010474.
  3. California residents will be expected to complete the Cal Grant Grade Point Average Verification Worksheet and submit it to the California Student Aid Commission by the state deadline: March 2.
  4. Returning students must meet satisfactory academic progress.

Verification

Some students may have their file selected for review in a process called verification. The Office of Financial Aid may request that a student submit copies of certain financial documents including but not limited to federal tax transcripts, documentation of income and bank statements. The Office of Financial Aid may also request documentation related to a student’s citizenship, date of birth, social security number, selective service registration status, passport, driver’s license and proof of graduation.

MCU will verify all of the students selected for verification by the U.S. Department of Education and those students requesting a review of their eligibility due to a change of circumstances and any other student that in MCU’s opinion appears to have discrepant information.

Once a student is chosen for verification the student will receive a request to submit additional information and/ or materials by email from the Office of Financial Aid or the student may also view what verification documents are pending through their financial aid portal under missing documents.

Beginning in 2013-2014 federal regulations have customized the verification process. Therefore, not all students selected for verification will be required to verify the same data. Our office will notify the student which data must be verified and what information or materials will be required to verify that particular data.

You must complete the verification process by the processing deadlines, which are 120 days after the student’s last day of attendance or on or before September 30, 2018 whichever comes first.

Students will not receive an official offer of financial aid assistance until all

requested verification documentation has been received and accepted by the Office of Financial Aid

Priority Deadline

March 2 is the priority deadline for financial aid at Marymount. Marymount has established a priority deadline for financial aid applications because there is limited institutional funding available.

To receive consideration for institutional funding and federal SEOG grants, students should submit their applications for financial aid and admission by March 2. Marymount cannot guarantee that applications received after March 2 will receive full financial aid consideration. Late applications will be awarded based on funds available. Your award may also be revised due to other outside funding that you qualify for.

Financial Aid Programs

Students are encouraged to apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA). www.fafsa.ed.gov

The Office of Financial Aid can answer questions when students and parents are completing the application forms, as well as information about eligibility and programs available.

Marymount participates in several federal and state financial aid programs as well as institutional programs including:

  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant (SEOG)
  • Federal Work Study
  • Federal Direct Student Loans
  • Federal Direct Parent PLUS Loan
  • Cal Grant A
  • Cal Grant B
  • VA benefits
  • Private Educational Loans
  • MCU Scholarship
  • MCU Grants
  • Endowed Scholarships

MCU Scholarship

These awards are available to students who are accepted for admission with a cumulative high school GPA of:

Cumulative High School GPA
ACT less than 19 or SAT less than 900
ACT 19-21 or SAT 900-1010
ACT 22-24 or SAT 1020-1120
ACT 25-27 or SAT 1130-1240
ACT 28+ or SAT 1250+

  • 3.75            $11,000 $12,000 $13,000 $14,000 $15,000
  • 3.50-3.74  $10,000 $11,000 $12,000 $13,000 $14,000
  • 3.25-3.49  $9,000 $10,000 $11,000 $12,000 $13,000
  • 3.00-3.24 $8,000 $9,000 $10,000 $11,000 $12,000
  • 2.75-2.99  $7,000 $8,000 $9,000 $10,000 $11,000

*ACT reflects composite score range and SAT reflects combined CR+M section scores for additional scholarship funds. Marymount California University GPA required for renewal: 2.50 The Marymount athletic scholarships are based on the recommendation of the coach. The Marymount fine arts programs offer scholarships to outstanding students in theatre, studio arts, music and film and are based on a portfolio review and faculty recommendation. Athletic Merit scholarships are renewable provided certain academic and/or eligibility criteria are met. Merit scholarships are awarded based on criteria determined by the Office of Admission and the Office of Financial Aid and are subject to change each year.

MCU Incentive Award

These awards are available to students who are accepted for admission with a cumulative high school GPA below a 2.75. Award amounts vary based on cumulative GPA and results of SAT or ACT exams.

  • Students must submit ACT composite scores of 19 or higher or SAT combined CR+M section scores of 900 or higher to be eligible for additional scholarship funds.
  • Marymount California University GPA required for renewal: 2.00

Gift–Supported Scholarships

Marymount offers numerous gift-supported scholarships, funded through the generosity of individuals and foundations. The various scholarship awards are based on both academic achievement and on financial need. Scholarship recipients are determined as part of the University’s financial aid process. Gift-supported scholarships are not open for application.

Student Employment

There are a variety of job opportunities for students to work on campus. Students are allowed to work a maximum of 15 hours/week. Typically, on campus jobs pay minimum wage unless specified by the hiring supervisor. Students may have up to two jobs on campus but will be held to the 15 hours/week maximum between both positions. Supervisors may work with the student’s class schedule as much as possible while fulfilling departmental needs and not overlapping with class schedule. A student may be dismissed from work at the discretion of the supervisor for any reason.

Students will not be able to work until appropriate documentation is provided to the Office of Human Resources. The Office of Financial Aid will determine work study eligibility. To view available opportunities, click on the “Jobs/Internships” button on the MCU Career Services webpage:

How Need is Determined

Most financial aid programs available at Marymount are based on financial need. Stated simply, need is the difference between the cost of the educational program and the student’s and family’s ability to pay, known as the Expected Family Contribution (EFC). The cost of attendance/budget used to compute a student’s need includes the direct cost associated with attending the University and other average expenses.

The direct costs include tuition, fees and on-campus housing. These costs are paid directly to the University. Other average costs, such as off-campus housing, books and supplies, transportation and miscellaneous/personal expenses, are only used to create the student budget and determine eligibility for financial aid. Marymount uses several standardized student budgets based on the California Student Aid Commission guidelines. Student budgets are based on enrollment for 12 to 18 units per semester. Changes in enrollment unit levels or living arrangements may affect your budget and financial aid award.

The Financial Aid Package

Once a student has demonstrated financial need, the Office of Financial Aid at Marymount brings together funds from various sources to create a financial aid package. The foundation of this package is the student’s Pell Grant and/or Cal Grant award (undergraduates only). For students with unmet financial aid need, the student will be authorized for on-campus employment under the Federal Work Study program. Remaining need is then met with additional grants and/or scholarships from University sources to the extent funds are available. Federal Direct PLUS and Federal Direct Loans may be used to replace the expected family contribution, up to the maximum loan limits.

The financial aid offered to a student by Marymount is only finalized once all required documentation is received, the student is enrolled in an Associate, Bachelor’s or Master’s degree program, and the student has accepted the Financial Aid Award within the student portal.

Any appeals, requests for re-evaluation, or the processing of information received after the initial offer has been made will be evaluated as they are received, and will be considered if there are funds available after the initial offers have been received.

Failure to respond to an offer of financial assistance within the indicated time frame will result in the withdrawal of the offer of financial assistance. If the student wishes the offer be reinstated, it he or she must submit it as a late application.

Note: Students who appeal for additional assistance must officially accept the initial Financial Aid Award in order to retain it during the appeal process.

Disbursement of Financial Aid Funds

Financial aid award reports are normally sent to students with confirmation of registration for the upcoming term. For those students meeting the March 2 deadline, award reports are sent in May to provide the students with ample time to plan for their university expenses. Late applicants are notified of their eligibility on a rolling basis as applications are received. After a student has received and accepted the financial aid award and completed all necessary paperwork, Business Services is notified of the funds that will be available.

That office determines each student’s tuition, fee, and room and board charges, and sends the student a statement of these charges, which also shows projected financial aid funds. Estimated awards do not appear on statements, as they may change before being credited.

Any balance due that is not covered by financial aid is due at that time, either in a lump sum payment, through monthly payments through Tuition Management Systems, or through the Federal Direct PLUS parent loan program or private educational student loans.

Financial aid funds are credited to the student’s account in Business Services as they are received and after the student’s enrollment level and residence have been confirmed. Most funds are credited directly to the student’s account. If there are funds in the student’s financial aid package that are to be used for other educational costs, such as books and supplies or living expenses, they will be disbursed to the student.

Under the Federal Direct Loan Program, first-time borrowers must complete a pre-loan counseling session before the loan can be processed. Loan disbursements for first-time borrowers are available after the 30th day of the semester. Loan funds received electronically will post within three days of receipt. If a student’s enrollment cannot be verified, the EFT funds will be returned and the student billed for any charges the loan was intended to cover.

Students may use Federal Work Study (FWS) earnings for living expenses. If the student is awarded FWS, the student must apply and interview for all jobs available.

Guarantees are not made for job availability. Once hired, students may work a maximum of 15 hours per week. The funds are disbursed biweekly as earned. Time sheets are electronically submitted to the Office of Human Resources on alternate Fridays, with pay available the following Friday.

Since financial aid funds cannot be released until a student has registered and is in attendance, it is essential that each student arrive on campus with sufficient funds to cover miscellaneous living expenses and start-up costs, such as funds to purchase books, for the semester.

Scholarships (Merit, Athletics, fine arts, academic)

Please note that any scholarship awarded by the college, i.e., President’s, Dean’s, Achievement, Incentive, MCU scholarship, Athletics, are tied to Satisfactory Academic Progress and full time enrollment. Please see the financial aid department to obtain more information.

Summer Session

Generally, financial assistance is not available for Summer sessions. Students

may request a review of their financial aid file to determine if they have remaining federal financial aid eligibility to cover the cost of the Summer sessions.

Withdrawal and Leaves of Absence

If you decide to withdraw or take a leave of absence from Marymount, you must contact the Registrar’s Office regarding the official withdrawal procedure.

Failure to do so can result in serious academic consequences and/or an unresolved financial obligation. Cal Grant A or B recipients must complete a Leave of Absence or Deferment of Enrollment form and obtain approval from the California Student Aid Commission. Without this approval, your Cal Grant may be canceled. Recipients of state awards from outside California should contact their own state’s scholarship agency to see what procedures are necessary.

If you received Federal Stafford Loans during your enrollment at MCU, you are required to complete exit loan counseling at www.studentloans.gov. A calculation called “Return to Title IV Funds” will be completed upon the finalization of any required adjustments by the Office of Business Services. Financial aid will complete the calculation within 30 days of your date of withdraw and send you notification of any federal funds being returned. For more information see “Return to Title IV Funds”.

Satisfactory Academic Progress Standard

Marymount California University is required by federal law to reasonably measure a student’s Satisfactory Academic Progress (SAP). When accepting financial aid the student acknowledges his/her obligation to maintain SAP according to the standards established below. If a student fails to meet these standards, the student will be placed on financial aid warning or suspension.

Students who do not meet SAP are disqualified from receiving financial aid but have the opportunity to appeal. If the appeal is approved the student is placed on probation and his/her academic performance is evaluated on a semester basis. SAP is reviewed annually after spring grades post for continuing students.

The Satisfactory Academic Progress Policy is comprised of two standards: qualitative standard and quantitative standard.

  1. Satisfactory Academic Progress Standards:
    Qualitative Standard: Students must be in good academic standing, as defined by the current University Catalog. Undergraduate students must maintain a C (2.0) average in all courses attempted at Marymount California University. Graduate students must maintain a B (3.0) average in all courses attempted at Marymount California University. Transfer and audit units are not included in this calculation.Career Program GPA
    Graduate 3.0
    Undergraduate 2.0

Quantitative Standards: The quantitative standard has two components:

(a) acceptable passing rate (b) unit and time limit for student to complete an educational program.

(a)Acceptable Passing Rate: To monitor the acceptable passing rate an overall ratio of Marymount California University units earned to Marymount California University units attempted is calculated.

Students must complete 67% of units attempted. Transfer and audit units are not included in this calculation. Grades of F, IN, NC, W count as units attempted with zero units earned.

(b.) Unit and Time Limit: All attempted units at Marymount California University are counted whether or not financial aid was received. For transfer students only those attempted transferred units that apply to their degree program are counted.

Students who change their majors may receive aid until they attempt 150% of the additional number of units required for the new degree.
Earned units include: A, A-, B, B+, B-, C, C+, C-, D, D+, D-, CR

2. Satisfactory Academic Progress Statuses:

Financial Aid Warning: The first time that a student does not meet satisfactory academic progress standards, he or she will be placed on a ‘one semester Financial Aid Warning’. Once students have been placed on Financial Aid Warning, they must complete at least 67% of attempted units during the Financial Aid Warning term or they will be disqualified from receiving financial aid the subsequent term.

Financial Aid Probation: Financial Aid Probation is defined as a status MCU assigns to a student who is failing to make satisfactory academic progress during the financial aid warning period and whose appeal is approved by the Office of Financial Aid. If the appeal is approved, aid may be reinstated for one payment period, which is the probation term. Students on Financial Aid Probation may be awarded aid for the term, but MUST show SAP progress at the end of their Financial Aid Probation term before the student can receive aid for the subsequent term.

Financial Aid Suspension: Students who do not meet the standards of satisfactory academic progress will become ineligible for financial aid. Students on Financial Aid Probation who do not meet satisfactory academic progress will not be eligible to appeal and will become ineligible for financial aid.

Reestablishing Eligibility:

• Students who were disqualified due to extraordinary circumstances maysubmit an appeal to the Office of Financial Aid at Marymount California University.

  • Students may regain eligibility if the appeal is approved by the Office of Financial Aid.
  • Students may regain eligibility when there is a determination that the student is again meeting the qualitative and quantitative standards.

3. Repeat Coursework:

The Department of Education has established regulations that impact the financial aid eligibility of students who repeat courses. The federal regulations on repeat coursework include:

  • A student may receive aid to repeat a previously passed course one time. A “passing” grade for federal aid purposes means any grade higher than an F.
  • A student may receive aid when repeating a course that was previously failed or withdrawn from regardless of the number of times the course was attempted and failed. However, Satisfactory Academic Progress Policy will apply to such cases.
  • A student may receive aid to repeat a previously passed course one time. If a student fails the course on the second attempt no more financial aid will be given to repeat the course a third time.
  • Once a student has completed any course twice with a grade; he or she is no longer eligible to receive financial aid for that course. Additionally, if a student retakes a course that is not aid eligible, the credit hours will be excluded from the financial aid enrollment hours for that semester.

The following are examples of ‘allowable’ and ‘not allowable’ scenarios:

  1. Not Allowable: A student takes a course and receives a D. The student repeats same course and receives a B. If the student takes the same course for a third time, he or she cannot receive financial aid for this course. In addition, the course taken for a third time will not be counted towards financial aid enrollment hours.
  2. Allowable: A student takes a course and receives an F. The student takes the same course and receives an F. The student may take the course a third time and receive financial aid. There is no limit on the number of repeats if the student does not pass the class.
  3. Allowable: A student takes a course and the student withdraws from the course or receives a grade of F. The student repeats the class and receives a D. For financial aid purposes, the student is considered now to have passed the class. The student may repeat the class one more time and receive financial aid. If on the second attempt the student withdraws from the course, then the student can repeat the class and receive financial aid. If a grade is assigned to the student on the second attempt, including an F, then the student cannot repeat the course again and the class cannot be counted for enrollment hours purposes for financial aid.
  4. Transfer Coursework:
    Once matriculated, a student may transfer in a maximum of 7 units of coursework completed at another regionally accredited institution. Please refer to the 233 Acceptance of Transfer Credit policy for further information. Courses transferred back might affect the student’s Satisfactory Academic Progress status. Transferrable units that are required for degree completion are counted towards Satisfactory Academic Progress standards and might affect a student’s GPA.

Return of Title IV Aid

All institutions that award federal aid to students must calculate the return of federal aid. This adjustment will be calculated using the number of days completed divided by the number of days in the period of enrollment (POE). Any unearned federal aid will be returned to the Department of Education based on this calculation.

The Institutional Schedule of Adjustments will be used to determine aid adjustments of internal aid after all federal aid is calculated and returned. This federal regulation applies to all programs.

Calculation based on the percentage of the term completed:

Number of days completed / Number of Days in the term= Percentage completed

The refund percentage is the complement of the percentage completed. For example, 30% completed in the term would prompt a 70% refund. Return of Title IV funds are valid through the 60% point of the term only (no refund at 60.1%). Return of Title IV funds will not exceed 40%. A copy of the refund calculation worksheet may be obtained from the Office of Financial Aid.

Students should be warned that the return of Title IV aid could result in the student owing a repayment on a portion of the federal aid. If you are placed in a repayment status, NO FEDERAL AID may be awarded to you at any institution until the repayment issue is resolved. Contact the Office of Financial Aid or Business Services at Marymount or the Department of Education to arrange a payment agreement.

Education Abroad

Students may use financial aid to participate in education abroad programs. A student who wishes to participate in an education abroad program needs to plan well in advance by gaining acceptance into the program and informing the Financial Aid Office of his/her plans. The education abroad student needs to provide his/her overseas address to the Financial Aid Office. Although it is not required, a student may designate power-of-attorney to endorse checks and authorize fund transfers. The power-ofattorney cannot be a University employee.

Education Abroad Programs and Funding

Marymount students participating in MCU sponsored fall and spring semester education abroad semesters can utilize financial aid, including federal (except workstudy), state and some institutional funding such as California Grants (except tuition exchange/discount). In addition, students may apply for an Education Abroad Scholarship funded through the department of Financial Aid at MCU. These scholarships support students with demonstrated financial need and academic merit.

All students studying abroad are encouraged to apply. Additional scholarship funds may be available for particular partner destinations. Students pay their regular Marymount comprehensive fees to Business Services (tuition, housing and meal plan-as applicable) just as if they were on campus. A $300 study abroad registration fee must be paid the semester before departure.

Financial Aid

Email: financialaid@marymountcalifornia.edu
Phone: (310) 303-7217

Assoc. Dean of Enrollment
– Pedro Ladino
Assoc. Director of Compliance
– Nataly De La Peña
Assoc. Director of Operations and VA
– Henry Espinoza
Financial Aid Specialist
– Cristina Retamoza

Location
– Administration Building 111
Hours of Operation
– Monday-Thursday 8:30 am – 5:00 pm
– Friday: 8:30 am to 3 pm

Applying for financial aid is simple!  We understand that financing an education can be a confusing and tedious task.  The Office of Financial Aid is dedicated to providing you with the most concise and accurate information about financial aid.

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