APPLYING FOR FINANCIAL AID
All UndergraduatesMarymount California University awards both merit based and need based aid.
How to apply for merit-based aid:
Step 1: Apply for admission to the university. We use the information you submit in the admissions application to determine your eligibility for a merit scholarship. We will automatically award you a merit scholarship if you are determined to be eligible at the time the admissions decision is announced.
How to apply for need-based aid:
Step 1: All student must complete a FAFSA for the academic year in which they wish to receive need-based aid. Log in to www.fafsa.ed.gov, and file a 2013-2014 Free Application for Federal Student Aid (FAFSA). You must include Marymount on the FAFSA as one of your 10 choice schools. If you do not include Marymount, your information will not be sent to us. Our school code is 010474.
For some students, this may be all that is required. However, some students will be selected by the US Department of Education for an additional process called verification. If you are selected for verification, we will need to request of you documentation confirming the answers on your FAFSA.
Step 1: Marymount will notify you that you have been selected for verification via the email you used on your admissions application.* This email will contain a list of the documents required to complete the verification process and be considered for need based aid. We cannot offer any state, federal or need-based Marymount Aid to you until you have cleared your list of required documents.
Be sure to keep a check on your email for this notification. If you have not received your award letter within two weeks of having submitted your FAFSA, please contact the Office of Financial Aid. You may also check your student portal to see the documents required.
Once you have received your Financial Aid Award, look over your awards carefully. Some awards require additional action.
If you have Federal Direct Student Loans on your award that you wish to borrow from, you may need to complete two additional steps:
Subsidized and Unsubsidized Stafford Loans
- For all students all who did not borrow Federal Direct Loans at Marymount during the 2012-2013 academic year, you must visit www.studentloans.gov and complete LOAN ENTRANCE COUNSELING and sign the MASTER PROMISSORY NOTE. Your loans will not credit to your account until these steps are complete. This includes all new and new transfer students.
- If you are a continuing student who has borrowed Federal Direct Loans at Marymount previously, you do not need to take any additional steps; however, if you do not wish to borrow the same amount of funding as the previous year(s), you must notify our office before the start of the semester. You may view your previously borrowed loans at www.nslds.ed.gov.
Federal Parent PLUS Loans
- All Parents wishing to borrow federal funds must complete the PLUS Loan Application Process every year.
Step 1: Log onto www.studentloans.gov as yourself not your student. You will need to use the PIN issued to you when you signed your student's FAFSA.
- Request a PLUS Loan. This is the application where the Department of Education checks your credit. You will loan will immediately be accepted or declined. If your loan is accepted, continue on to complete a Master Promissory Note. If your loan was declined, contact the Office of Financial Aid for further instruction.
Financing your Remaining Need
- The Remaining Need on your Award Letter is the portion of your budget that will not be covered by Grants, Scholarships or Federal Direct Loans; however, families are not expected to pay this full amount out of pocket. Please check with the Business Services Office to get an actual balance due to Marymount California. Beyond any outstanding bill, students may need funds for other things, such as books, transportation and personal expenses. These needs are included in the Remaining Need figure that you are seeing. They vary from student to student. Some ways to cover these expenses include:
- Federal Direct PLUS Loan (Dependent Students Only). Click here
- Private/Alternative Loans (Dependent and Independent students). Marymount does not recommend a private loan for education; however, for some students it may be a last remaining option. If you are considering this resource, please visit a Financial Aid Counselor for guidance.
- Payment Plan Please contact the Business Services office for more information.
If a change has occurred with your family's finances since the FAFSA was filed, or if there is any new information you would like the Office of Financial Aid to consider during or after the processing of you financial aid award, you may file an appeal. The Office of Financial Aid may ask your family for additional documentation. Decisions regarding appeals will be contingent upon:
- Timeliness of original application for financial aid
- Timeliness of appeal and the nature of the change in circumstance
- Availability of funds