Lloyd James Hollingsworth III was born on 8 August 1923 in Mobile, Alabama. He graduated from the United States Military Academy (West Point) with a Bachelor of Science degree in June 1975. He also earned a Master's Degree in Education from Auburn University, and a Master's Degree in Business Management from Webster University. He is a graduate of the Infantry Officer Basic and Advanced courses, the U.S. Army Command and General Staff College, and the U.S. Army War College.