A mechanism exists to estimate the cost of attending Loyola Marymount University after factoring in potential financial aid. This resource functions by gathering financial information from prospective students and their families to generate a personalized estimate of grant and scholarship eligibility. It serves as a preliminary financial planning tool, offering an early indication of potential out-of-pocket expenses.
The significance of this tool lies in its ability to provide families with greater transparency regarding college affordability. It empowers them to make informed decisions about higher education options, assess the feasibility of attending Loyola Marymount University, and potentially adjust their financial strategies accordingly. Historically, such tools have become increasingly prevalent as institutions strive to improve access and affordability for a diverse range of students.