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Computer and Phone Loan Lottery

An individual sitting at a desk using a computer with their back to the camera.

Eligible staff can enter the Computer and Phone Loan Lottery for an interest-free LMU loan to purchase or upgrade a laptop, desktop computer, tablet, or smartphone for personal use. Related software and peripherals are also eligible when purchased together as part of a system. The equipment is yours to keep, and the loan is repaid through payroll deductions over 24 months. No credit check is required. LMU Staff Senate administers the lottery each fall.

Virtual Information Sessions

In Spanish: Thursday, Oct. 22, noon
In English: Thursday, Nov. 5, noon

Learn how the lottery works and get answers to your questions from an HR representative. Join Webinar
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Fall 2026 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, 2026.
  • 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 Aug. 31, 2025.

Availability

For fall 2026, there are 45 loans available for up to $2,200 each.

Entry Period

Opens: 8 a.m. on Saturday, Oct. 31, 2026

Closes: 5 p.m. on Sunday, Nov. 15, 2026

Notification and Next Steps

The fall 2026 lottery drawing will be held after Tuesday, Nov. 17, 2026. Staff selected for a loan and alternates will be notified via email by end of day on Monday, Nov. 23, 2026.

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.

Disbursement/Purchasing

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.

Loan funds are available through reimbursement or advance funding. Staff selected for a loan will receive details about both options when notified of their selection.

Repayment

Your loan is automatically deducted from your paycheck and equally distributed across 24 months. After the loan is repaid, the device is yours to keep without any further obligations. If your employment with LMU ends before the loan is paid in full, you are responsible for repaying the remaining balance.

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.

For questions about an existing or previous LMU computer loan or the disbursement process, contact Loan Office Supervisor Joanna Aguirre at Joanna.Aguirre@lmu.edu.

Frequently Asked Questions

  • The program lets eligible staff spread the cost of a personal technology purchase over 24 months without paying interest. Automatic payroll deductions make repayment convenient, and no credit check is required.

  • Yes. All of the items purchased through the Computer and Phone Loan Lottery are yours to keep.

  • With reimbursement, you pay for your eligible purchase first and then receive the loan funds. With advance funding, you receive the funds before making your purchase. Staff selected for a loan will receive detailed instructions about both options when notified of their selection.

  • Yes. You may use one loan to purchase multiple eligible devices, provided the total loan amount does not exceed the program’s maximum.

  • The lottery drawing will take place after Tuesday, Nov. 17, 2026. Staff selected for a loan will be notified by email by the end of the day on Monday, Nov. 23, 2026. The notification will include the required paperwork and instructions for purchasing eligible items and receiving loan funds.

  • Yes. Being selected does not obligate you to accept the loan.

  • Alternates are placed on a waitlist in the order their names are drawn. If funds become available because selected staff do not complete their purchases by the deadline or borrow less than the $2,200 maximum, alternates will be notified in that order and offered a loan.