Federal/State Assistance | Pepperdine University | Seaver College

Federal/State Assistance

Pepperdine University requires that its students understand and agree to certain terms and conditions regarding all financial assistance awards.

At Pepperdine University there are five primary sources of financial assistance available to help students pay for their education:

  • Federal assistance
  • State assistance
  • Private assistance
  • Outside assistance
  • University assistance

You may be eligible for one or more of these depending on your academic record and your family's financial situation. One thing is certain: Pepperdine wants to assist you in finding the resources to meet the costs--and reap the rewards--of a private education.

Listed below are several sources of federal and state assistance available to Pepperdine students as long as you qualify:

Federal Financial Assistance

Robert C. Byrd Honors Scholarship Program

This federally funded program provides college scholarships to high school graduates who have demonstrated outstanding academic achievements in high school and who show promise of continued academic achievement in college. Current awards are around $1,500 for the first post-secondary year of study. Applications are available after January 1 and may be obtained through most public or private high schools.

Pell Grant

The Pell grant is federally funded and is awarded to families who demonstrate high financial need. All financial aid applicants must apply by filing the FAFSA form by the posted deadline. Grants are available to students pursuing their first baccalaureate degrees. Funds may be used for tuition, fees, books, room, board, or other personal expenses. Awards vary from year to year. Additional information regarding Pell grants may be found here.

Federal Supplemental Education Opportunity Grants (FSEOG)

The FSEOG is available to families who demonstrate high financial need. The FSEOG is only offered along with the Pell Grant. The amount of this grant varies from year to year and is based on availability of funds and the timeliness of application.

TEACH Grant Program

Through the College Cost Reduction and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. If you are interested in learning more about the TEACH Grant Program click here.

Federal Stafford Loans (Subsidized and Unsubsidized)

Stafford loans are estimated and adjusted due to changes in enrollment status and/or federal, state or University funding. Eligibility for the Stafford loan is determined from the information you submit on the FAFSA. "Need Based" students qualify for the Subsidized Stafford Loan (no interest while attending school). Students who do not demonstrate financial need may borrow from the Unsubsidized Stafford Loan (interest is accruing while in school). Loan amounts are determined by the student's grade level: Freshmen (0-29 units) $3,500, Sophomore (30-59 units) $4,500, Junior and Senior (60 + units) $5,500. Loans have a fixed interest rate of 6.80%. Repayment begins six months after graduation or after a student drops below half-time status. Visit our loan page for additional information, or click here to apply online.

Federal Parent Loan for Undergraduate Students (PLUS)

The Federal Parent Loan program is for the parents of dependent undergraduate students. Parents may borrow up to the cost of attendance minus any other financial assistance which the student is receiving. PLUS loans are estimated and adjusted due to changes in enrollment status and/or federal, state or University funding. PLUS loans are based, in part, on credit and are subject to approval by the lending institution. PLUS loans are made by private lending institutions such as banks, savings and loan associations, and credit unions. The interest rate on a PLUS loan is fixed at 8.5%. Income level is not a criteria for determining eligibility for this loan. A loan origination fee of up to four percent will be deducted from the loan proceeds by the bank prior to disbursement of the loan. Visit our loan page for additional information, or click here to apply online.

Federal Perkins Loans

The Federal Perkins loan is available to students who demonstrate financial need. The loan has a 5% interest rate, and repayment begins nine months after a student drops below half-time status or after a student graduates. The interest does not begin to accrue until repayment. The loan amounts vary based on funding.

Federal Work-study Program

Federal Work-study provides an opportunity for student employment while enrolled in college. Most of the jobs are campus based. Through the Federal Work-study program the student may earn up to the amount of his/her award by working for an on-campus or non-profit, off-campus employer in an approved Federal Work-study job. Wages are paid in part by the federal government and in part by Pepperdine. An applicant must demonstrate financial need to qualify for this program. Award amounts are based on availability of funds and number of applicants. Current award amounts are $3,000 per academic year. Current pay rates vary, starting at minimum wage. If you are interested in learning more about the student employment program, please contact the Office of Student Employment at 310-506-4177 or visit the Student Employment website.

State Financial Assistance

California Grant (Cal Grant)

Cal Grant awards are offered by the State of California to California resident students who are U.S. citizens or eligible non-citizens. The Cal Grant A program provides funds to be used for tuition only. The Cal Grant A award is based on academic achievement and financial need. The current Cal Grant A award range is $8,322 to $9,708. The Cal Grant B program provides a stipend for living expenses in the first award year; in subsequent years, funds for tuition and fees as well as the stipend are provided. The Cal Grant B award is based solely on financial need. The current Cal Grant B award is a $1,551 stipend payment and up to a $9,708 grant for tuition and fees. Students should apply for the Cal Grant by filing the FAFSA form and the G.P.A. verification form by the deadline of March 2. These amounts are subject to change based on pending legislation. For additional information regarding assistance available from the state of California as well as tips to apply for California aid, feel free to visit the California Student Aid Commission's web site.

IMPORTANT NOTE

To be considered for a Cal Grant award, students must list a four year California College or University as one of their first six choices of schools on the FAFSA.