Computer Loan Lottery
Eligible staff have the opportunity to obtain a loan from LMU to purchase or upgrade a laptop, desktop, tablet, or smartphone and any related software or peripherals purchased together as part of a system for personal use. The lottery is administered annually by LMU Staff Senate during the fall semester.
Staff who wish to participate in the lottery must have at least 2 years of continuous service at Loyola Marymount University or Loyola Law School, not have an outstanding computer loan balance, and wait at least 1 year after paying off any previous computer loans before seeking a new loan. The exact dates used to determine these eligibility parameters are announced each fall shortly before submissions for the lottery open.
Information for the fall 2024 lottery will be posted shortly after the beginning of the school year.
Fall 2023 Lottery Information
Eligibility
You must meet the following criteria:
- You are a full-time, regular staff member with at least two years of continuous service at either the LMU Westchester or Playa Vista campuses or at Loyola Law School as of Sept. 30, 2023.
- You currently do not have an unpaid computer loan balance with the university.
- If a previous loan was issued to you, it was paid off by August 31, 2022.
Availability
For fall 2023, there are 45 loans available for up to $2,200 each.
Disbursement/Purchasing
Loans are distributed by reimbursement. Once a purchase has been made, you will submit your receipt/s with your loan documents. Your loan will be issued for the exact amount of your purchase up to $2,200 via direct deposit.
You may purchase a computer system from any online vendor or from any retail store. Some companies offer educational discounts on computer hardware and software for personal use.
Your loan may not be applied retroactively. You may only submit receipts for eligible purchases made on or after the date you are notified that you have been selected for a loan.
Entry Period
Opens: 8 a.m. on Monday, Oct. 16, 2023
Closes: 5 p.m. on Monday, Oct. 30 2023
Notification and Next Steps
The fall 2023 lottery drawing will be held after Oct. 30, 2023. Staff selected for a loan and alternates will be notified via email by end of day on Monday, Nov. 6, 2023.
Staff selected for a loan will be sent detailed instructions with a promissory note that must be notarized. Any costs incurred for notarization will be reimbursed.
Repayment
Your loan is automatically deducted from your paycheck and equally distributed across 24 months.
Assistance
If you have questions about the administration of the computer loan lottery, email StaffSenate@lmu.edu.
If you are unsure how many years of continuous service you have, contact LMU Human Resources at the Westchester campus at 310.338.2723.
If you have questions regarding the status of your existing or previous LMU computer loan, contact Student Loan Counselor Natali Caamal at Natali.Caamal@lmu.edu.