General Questions
Federal Work Study
Loans
Cal Grants
Outside Scholarships
Departmental Scholarships
General Questions
What is the percentage of students receiving some
type of financial assistance at Pepperdine University?
About 70-75%
Does the financial assistance package
increase each year as tuition and room and board increase?
Pepperdine Institutional grant assistance does not increase to meet the higher costs of
tuition, room and board. However, loan eligibility will increase as
the budget increases as long as the student qualifies.
What happens if I decide to live off-campus?
Students who decide to live off-campus must first obtain
permission from the Housing and
Community Living Office. Your financial
assistance award will be the same whether you live on or off campus.
If you have financial assistance in excess of your tuition charges,
you may receive that money back from your student account and you may
use it to pay for your off-campus housing. You may request one refund
per semester. You must complete your financial assistance file by
July 1 to have all of your financial assistance here by the start of
classes in August. No refunds will be issued from your student
account until all of your financial assistance funds have paid.
Additionally, it may take from 2 to 5 days to issue a refund from
your account so you should come to school prepared to pay your first
month's living expenses out-of-pocket.
I’m thinking about dropping below 12 units.
How will this affect my financial assistance package?
Financial assistance will be pro-rated to reflect the student's adjusted
tuition charges. If the student drops below half time (6 units) he or
she may
become ineligible for Institutional aid and Federal loans which will immediately go into
their grace period.
What offices within Pepperdine must be
notified when a student completely withdraws from the University?
Registrar, Housing and Community Living, Student Accounts,
Financial Assistance, and One Stop.
If a student’s parents are planning to
file an extension on their taxes and will not have their actual taxes
available until August or October, can the student still be
considered for financial assistance, and, if so, how should they go
about completing the Free Application for Federal Student Aid (FAFSA)?
Yes, if tax returns are not
available at the time you complete your FAFSA form, you must use
estimated figures to complete and submit the form by February 15.
Do not wait until tax returns have been filed to complete
your FAFSA form. You should estimate your financial information as
accurately as possible because verification may result in an
estimated notification being considerably less. Federal aid
will not be disbursed to the student's account until the actual
taxes have been verified by a Financial Assistance Advisor.
If the student’s parents are divorced,
which parent must complete the FAFSA form and provide tax
information?
The custodial parent is responsible for
providing his/her tax and household information.
What happens after I file the FAFSA? How does Pepperdine receive my
information?
Approximately 2 to 4
weeks after you submit your FAFSA on the web, you should receive a
Student Aid Report (SAR) by e-mail (if you provided an e-mail
address) or in the mail. This report will reflect all the
information you completed on the FAFSA and will enable Pepperdine to
determine your eligibility for financial assistance. Pepperdine
will receive your FAFSA data electronically if you listed our school
name and school code 001264 in the “Information Release” section of
your FAFSA.
What if my SAR (Student Aid Report) doesn’t have Pepperdine University listed as one
of the schools to receive my information?
Add our Pepperdine
University school code (001264) to your list of schools via FAFSA on
the web, before the deadline of February 15
What if the federal processor sends me an unprocessed or
incomplete SAR?
This usually occurs if the processor was unable to read some of the
information you submitted on the FAFSA, or if it was not
electronically signed. First, you should go through
the form and correct or complete all of the items you are requested
to verify. Second, you should make a photocopy of the correction
pages. Finally, you should send the changes via FAFSA on the web or
mail the original, corrected copy back to the federal processor for
processing.
Federal Work Study
How do I go about finding a
Federal Work Study job?
Please go to the Student Employment Office located in Room 270 of the Tyler
Campus Center (TCC) to review a list of available job openings. Job openings
are also listed on their
website.
Are there any jobs on campus that do
not require Federal Work Study?
There are some jobs available which do not require a work study
award. Interested students should begin looking the first week of
school, if not earlier, as these jobs fill up quickly. Please visit
the Student Employment Office in person or
online for more
information.
Is Federal Work Study taxed?
Yes, it should be reported as income on a federal tax return
or non-filer's form.
Should Federal Work Study be reported on the FAFSA?
Yes, it should be reported as student income and also as a Title
IV exclusion under worksheet C.
Does the Student Accounts Office
include Federal Work Study when calculating the amount the
student will owe?
No.
How does work study get paid to the
student account?
The student may apply his or her paycheck to their student account
by bringing the check to the Cashier's Office, Student Accounts or
One Stop. To sign up for direct deposit of the paycheck, contact the
Student Accounts Office or One Stop.
Loans
What are the loan limits for the Stafford
Loans?
$3,500 for freshmen, $4,500 for sophomores, $5,500 for juniors and
seniors.
What is the best method of applying for
the Stafford and Plus loans?
Apply online.
If a student’s parent applies for the
Parent Plus Loan and is denied, or if the student is independent,
can s/he borrow the additional Unsubsidized Stafford Loan?
Yes, they could be eligible to borrow up to $4,000 for
freshmen/sophomores and $5,000 for juniors/seniors depending on their
financial assistance package and financial need.
Do all Pepperdine institutional loans
require a co-signer?
Yes.
Are there private loans available to students
to help bridge the gap between their financial assistance package and the
total cost of attendance?
Yes, there are. You can find information on private loans
here.
How long does the Entrance/Exit Loan
Counseling session last?
Approximately one hour.
I missed the Entrance/Exit Loan
Counseling session. What should I do?
We will have other sessions that students can attend. If all group
entrance sessions have been done, there is a way for the student to
do an entrance loan counseling session on the internet. Please contact the
Office of Financial Assistance for more information.
Cal Grants
When does a student find out if they are
eligible to receive the Cal Grant?
The California Student Aid Commission (CSAC) will mail out
notifications to the students in May. Usually, we will send out our
new student award notifications before then and will have estimated a
Cal Grant as part of their financial assistance package if we determine they are eligible
to receive it. This award is not official until confirmation has been
received by CSAC and we verify the student’s financial information.
Are students required to complete the GPA
Verification Form every year?
Students are only required to complete the GPA Verification Form
initially when applying for a Cal Grant. Once they have received a
Cal Grant, it will automatically be renewed each year, provided they
complete the FAFSA, demonstrate need, and maintain at least a 2.00 GPA.
Outside Scholarships
How does a student go about
applying for outside scholarships?
We have several outside scholarship books in our office that
student’s can review. In addition, we have a
scholarship information sheet on how to apply for outside scholarships. You
may also research scholarships on the internet at
fastweb.com and
finaid.org.
What should a student send us if they find
out they are going to receive an outside scholarship?
They should send us a copy of the letter that they received from
the organization. Outside scholarships will be coordinated with
need-based aid.
Departmental Scholarships
How does a student go about
applying for departmental scholarships?
They should speak with the chairperson of their major about
scholarships. Click here
for more information.
How does a departmental scholarship affect a
student’s financial assistance package?
Scholarship and grant funds provided by the University may not in themselves, or
when combined with state grants, exceed the cost of tuition.
The scholarship will be applied to the
student’s federal unmet need and any remaining scholarship money will
go to reduce their loans and/or work.
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