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Financial Assistance

Financial Assistance Guide for Parents and Students

In order for your Financial Assistance award(s) to be applied to your account, you must
proceed through all the steps in this guide. If you have any questions, please contact the Office of Financial Assistance at 310-506-4301.

Step 1: Sign in to WaveNet

  • Sign in to WaveNet (http://wavenet.pepperdine.edu)

    Please Note: You will need your network name and password to log in. If you need assistance, please contact the University Help Desk at 310-506-HELP.

Step 2: View Financial Assistance Award

  • Click on Applicant Services in the top right of your WaveNet page
  • In the Finances section, click on the View Financial Aid link
  • Click on the current Aid Year

Step 3: Accept or Decline Awards

  • Only accept your aid after you have paid your deposit and made the decision to  
    attend Pepperdine
  • In the Finances section, click the Accept/Decline Awards link
  • Next to each award, click Accept or Decline
  • Scroll down after the Award Code Explanations and Click Submit
  • You must click Submit, at the bottom of the page, in order for your awards to process
  • *If you accepted loans or work study as part of your award, please proceed to the
    appropriate sections.

Step 4: Federal Direct Stafford Loan

The Federal Government is the lender for the Federal Direct Stafford Loan program.

  • The student will need to complete the Federal Direct Stafford Loan Master
    Promissory Note (MPN) at https://studentloans.gov.  Use your four digit Free
    Application for Federal Student Aid (FAFSA) PIN to login to the eMPN. Make sure you complete the promissory note with the exact same name, social security number and date of birth that you listed on your FAFSA.
  • Federal Regulations require that all first-time Federal Stafford loan borrowers
    complete Loan Entrance Counseling prior to the loan being disbursed. You can link to the online Loan Entrance Counseling Session at:
    http://seaver.pepperdine.edu/financialassistance/loans/loan-entrance.htm

Step 5: Federal Direct Parent Loan for Undergraduate Student (PLUS)

The Federal Government is the lender for the Federal Direct PLUS Loan program.

  • Once you accept the Federal Direct PLUS Loan, scroll down to the Award Code
    Explanations section on the Award Summary page and input the parent’s e-mail
    address.
  • The Federal Direct PLUS Request Form will then be e-mailed to the address
    provided. Once received, the parent borrower will need to complete every section of the form. All sections must be completed. Incomplete forms will not be processed. Alternatively, this form may be downloaded from the student’s “TO DO LIST” 24 to 48 hours after you accept the loan.
  • Fax the complete Federal Direct PLUS Request Form to the Financial Assistance Office at 310-506-4746, or mail to: Pepperdine University, Seaver College 24255 Pacific Coast Highway, Malibu, CA. 90263-4301.
  • The parent borrower will also need to sign into the https://studentloans.gov
    website to request a PLUS Loan and complete the Federal Direct Parent PLUS Master Promissory Note (MPN). The parent borrower will need to sign in using their FAFSA PIN. The credit authorization for the Federal Direct PLUS Loan is only valid for 90 days. Pepperdine will not start to process loans until mid-July.  Your credit may be run again if your credit authorization is more than 90 days old when your loan is processed by Pepperdine.

Step 6: Federal Work Study/Pepperdine Work Program

  • You are required to Accept or Decline this award

This award is not automatically credited to the student account as a financial assistance resource. Instead, this award is dependent on the student finding employment on campus. Once employed the student will receive a bi-weekly paycheck for the hours worked until the total amount is earned.

To learn more about on campus jobs, please visit: http://www.pepperdine.edu/studentemployment/

Step 7: Disclosure Statement

After you click Submit on the Awards Summary page, the Disclosure Summary
Statement will display.

  • Read the Terms and Conditions
  • After you have read, understand, and agree to the statement, please click Yes. You will then receive confirmation of your submission

Please note: If you choose to indicate No, your Financial Assistance information will not be processed and you will need to contact the Financial Assistance Office.

IMPORTANT ITEMS TO REMEMBER

  • Students should check their “To Do List” in WaveNet often.
  • Read your Pepperdine e-mail – critical financial aid and academic statuses are
    communicated via e-mail only
  • In order for federal loans to process, you must accept your loans and complete all processing instructions listed on your "To Do List." Federal loans
    will not be processed or added to your account if you do not accept them and
    complete the required steps. Private/alternative loans must be applied for at the
    lenders website.
  • The Federal Direct PLUS certification is processed after the Federal Direct PLUS
    Loan Request Form is received by the Office of Financial Assistance. The loan
    will not be processed until the completed form is received
  • Federal Direct PLUS and alternative loans are credit based and will require a
    credit- worthy cosigner if your credit is denied
  • Loans cannot be disbursed to the student’s account until all of the following have
    been completed:
    1. The loan has been accepted on the Accept/Decline Financial Award
      page.
    2. The loan promissory note has been completed.
    3. For a Federal Direct PLUS loan or an Alternative loan the loan has
      been credit approved.
    4. There are no outstanding Financial Aid items requested in the
      student’s To Do List.
  • Be prepared to pay your first months living and school expenses out-of-pocket
  • All students should come prepared with cash or a credit card to purchase their
    books even if they have financial assistance to cover the cost.
  • Finance charges accrue daily on past due balances. If financial assistance is
    delayed, reduced, or cancelled students are required to find other resources to
    pay all charges prior to the due date in order to avoid finance charges
  • Contact the Office of Financial Assistance at 310-506-4301, if you have questions. Please have the campus-wide ID (CWID), and Guest Access if you are not the student, available when you call.