mba location

Enrolling in an EMBA Program represents a significant investment in your future that pays dividends throughout your life. At LMU, we are committed to helping students understand the various funding options available.

Most students draw on a combination of sources to fund their EMBA, including personal savings, loans, payment plans, company tuition assistance, graduate scholarships and fellowships. In developing your funding plan, it is important to examine the various resources available to you to determine the best fit for your situation.

For more information on financial aid, please contact Graduate Business Programs Admissions Recruiting at or 310.258.8707.

  • LMU participates in the Federal Direct Student Loan Program, provided by the U.S. Department of Education. If you are a U.S. Citizen or Permanent Resident, you are eligible to participate in the Federal Direct Unsubsidized and Federal Direct Graduate PLUS student loan programs while attending LMU. The Federal Direct Unsubsidized Loan is available to eligible students regardless of income level. The Federal Direct Graduate PLUS Loan is awarded on the basis of credit worthiness.

    Loan Limits:

    • Federal Direct Unsubsidized Loan: Up to $20,500 (U.S. Citizens and Permanent Residents only)
    • Federal Direct Graduate PLUS: The annual limit is equal to LMU’s Estimated Cost of Attendance minus any other financial aid you receive (U.S. Citizens or Permanent Residents only)

    Application Process

    To apply for these federal loan programs, you must complete the FAFSA application at The LMU School Code is #001234. This is the federal qualifier for the Federal Direct Loans.

    Federal Direct Unsubsidized Loan

    • Student must complete a Loan Master Promissory Note (MPN) on 
    • May receive up to $20,500 per academic school year
    • Interest rate is currently 5.31% (subject to change July 1, 2017)
    • 1.068% origination fee (varies); changes in October
    • Six month grace period after graduation, 10 year payback on disbursed loans
    • No credit check
    • Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria
    • Federal Direct Subsidized loan is disbursed in equal installments in fall and spring terms

    In addition to the Federal Direct Subsidized loan, students may elect to borrow a Federal Direct Graduate PLUS loan.

    Federal Direct Graduate PLUS Loan

    • Student must complete a separate Federal Direct Graduate PLUS Loan Master Promissory Note (MPN) on 
    • Can borrow up to the cost of attendance minus any monies other aid awarded
    • You must apply for a Federal Direct Unsubsidized loan first before being considered for a Federal Direct Graduate PLUS loan 
    • No grace period, 10 year payback
    • Interest rate is 6.31% (subject to change July 1, 2017)
    • Origination fee 4.272% 
    • Must be credit worthy 
    • Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria

    You may obtain more information here.

    Federal vs. Private Loans

    Those considering student loans need to be aware of the differences between federal student loans and private student loans:

    • Federal student loans are required by law to provide a range of flexible repayment options including, but not limited to, income-based and income-contingent repayment plans, as well as loan forgiveness that private lenders are not required to provide.
    • Federal direct loans are available to most students regardless of income. For additional information please visit:
    • Private student loan lenders offer variable interest rates that can increase or decrease over time, depending on market conditions. The interest rate on a private loan may depend on the borrower's and/or co-signer's credit rating.
    • Private student loans have a range of interest rates and fees and students should determine the interest rate of and any fees associated with, the private student loan included in their financial aid award package before accepting the loan. Students should contact the lender of the private loan or their financial aid office if they have questions about a private student loan.

    Please click here for more information regarding Private Loans.

    Credit Check

    Your credit history is an important factor for most student loans. If you are borrowing a Federal Direct Graduate PLUS Loan, your credit will be checked before your loan is approved. Before applying for any loan, loan borrowers are required to examine your credit report. Negative items in your credit history can result in your being denied for your Federal Direct Graduate PLUS Loan.

    You can request your credit report from any of the following major credit reporting companies:

    (800) 997-2493

    (888) 397-3742

    (800) 888-4213

    Additionally, you can request a free copy of your credit report online at once every 12 months from each credit reporting company.

    You can request LMU's Financial Aid Office run a preliminary credit check report prior to applying. This will help determine whether or not you'll be accepted for a loan.

  • Your employer may help support your education if it has a tuition assistance or educational reimbursement program. Levels of financial support and eligibility requirements for such programs vary among employers. Typically, your employer’s Human Resources Department can provide detailed information regarding any educational assistance programs your organization provides.

  • The EMBA program has a number of scholarships that are awarded on the basis of need and/or merit. All incoming students are eligible for a program-based scholarship as part of their application/admissions process; no special scholarship application is required.

    In addition to our general scholarships, the EMBA program also awards two named scholarships each year.

    Yu Family Scholarship

    The Yu Family Scholarship is awarded to an EMBA student who has demonstrated financial need (through a completed FAFSA), has a minimum 3.0 GPA in his/her undergraduate studies (first year EMBA students) or a minimum 3.0 GPA in the EMBA Program (required for returning EMBA students). All incoming students will automatically be considered for this scholarship.

    Bill Lindsey Scholarship

    The Bill Lindsey Endowed Scholarship is generally awarded to a returning EMBA student. Financial need is considered (through a completed FAFSA). Applications for this scholarship will become available to current EMBA students during Year 1.

    Click here for more information on scholarship search sites.

  • The LMU Office of Student Financial Services manages the Student Accounts Department, the University Cashier, and the Loan Office. They are responsible for billing of tuition and fees, collecting payments, processing refunds, adjusting student accounts, conducting entrance and exit counseling as well as managing the repayment for the Federal Perkins and Institutional Loans.

    EMBA students are enrolled in fall, spring and summer. Student charges are due at the beginning of the fall and spring terms. Financial aid disbursements occur electronically to your student billing account at 10 days prior to the start of the term. You must be enrolled in classes and posting credits to receive a financial aid award.

    Making financial arrangements (either by making payment in full or setting up a payment plan) is one of the processes that must be completed online prior to the beginning of each semester.

  • All students who graduate, withdraw from all coursework, take a leave of absence or cease to be enrolled at least half-time in any term, and who have borrowed from the Federal Stafford and/or Federal Graduate PLUS loan program must complete Loan Exit Counseling. For more information on student loan repayment visit the Federal Student Aid website.

    The Department of Education published this infographic to assist students with repayment of their student loans.