¨ Financial information reported on the Free Application for Federal Student Aid (FAFSA) will be verified against federal income tax returns and other verification documents. Any conflicting information may result in changes, reductions, and/or cancellations to my financial assistance package.
¨ The Office of Financial Assistance uses the Pepperdine email and WaveNet accounts to send messages regarding updates, missing information, adjustments, and/or cancellation of financial assistance. It is my responsibility to read, respond, and comply when necessary with these requests.
¨ I understand that it is my responsibility to resolve technical and/or computer challenges regarding my Pepperdine email and WaveNet accounts.
¨ I must meet all federal eligibility requirements, as specified on the FAFSA, to receive federal financial assistance.
¨ Pell grants will only be confirmed after verification of income. The Federal Supplemental Educational Opportunity Grant (FSEOG), Academic Competitiveness (AC), and Science Math Access to Retain Talent (SMART) Grants are only offered to Pell eligible grant recipients and will be canceled if I am ineligible after verification.
¨ I understand that funds provided by the University may not in themselves, or when combined with state grants, exceed the cost of tuition. Furthermore, I understand that my aid cannot exceed the standard cost of attendance.
¨ I understand that the Office of Financial Assistance reserves the right to revise my financial assistance. Modifications to this offer may be required by reductions or elimination in state, federal, or institutional funding; corrections or changes in the data reported; receipt of additional resources, or other eligibility criteria.
¨ I understand that a portion of my Pepperdine Grant/Scholarship may be replaced with private university scholarships. I agree to participate in the stewardship thank-you letter process to express my gratitude to the donor for his/her generosity by the indicated deadline or my scholarship(s) will be canceled.
¨ I understand I may request the Cal-Grant B stipend be paid directly to me. I further understand I may request, in writing, my federal funds in excess of the cost of tuition, fees, and university housing and board be paid to me in a refund. I understand if I request payment of my stipend and/or excess federal funds, I am responsible for any outstanding balances on my student account. I will be unable to register in future terms if I have an outstanding account balance.
¨ I must immediately report to the Office of Financial Assistance any outside scholarship(s) or tuition benefits so that all financial assistance may be coordinated according to policy.
¨ I understand that any scholarship or grant assistance received in excess of tuition, fees, books, and required supplies may be subject to federal taxation.
¨ I certify that any funds received under the federal, state, private, or institutional loan or grant programs will be used only for expenses related to attendance at Pepperdine University, Seaver College.
¨ I understand my financial assistance notification may be subject to change without notice due to reduction, cancellation, or changes in institutional, federal and/or state programs.
¨ I understand that my federal taxes and/or other verification documents must be submitted and enrollment verified to confirm my financial assistance. Therefore, my need-based grants and/or loans may be reduced or canceled if verification documents are not received.
¨ I understand that grants are based on financial need, whereas scholarships are based on merit, test scores, grades and/or special talents.
¨ I understand all loans are estimated, require separate application, and may be adjusted due to changes in enrollment status, verification of income, or additions of other types of aid. PLUS and private loans are based on credit and are subject to approval by the lending institution. Loan fees may be deducted from the loan proceeds prior to disbursement of the loan. I understand that I should follow-up with my loan(s) status of approval and/or denial, and furthermore, I understand the university cannot be responsible for my adverse credit.
¨ Federal loan recipients are required by law to complete Entrance Counseling prior to the first loan disbursement. Upon separation from Pepperdine, I must complete Exit Counseling. These counseling sessions may be completed online through the Pepperdine financial assistance website at:
http://mappingyourfuture.org/oslc/counseling/schoolPages.cfm?SchoolPageID=7653&SchoolID=2005037.
¨ I must report in writing to the Office of Financial Assistance any changes in financial, marital, or academic status.
¨ My submission of my enrollment confirmation and subsequent registration and enrollment indicates my approval of the release of certain information to parties outside of the University who are providing scholarship assistance to Pepperdine students. The information released may include any one of my student attributes such as name, GPA, test scores, home town, ethnicity, major, etc.
¨ I authorize Pepperdine University, Seaver College, Office of Financial Assistance to discuss all matters related to my financial assistance file with my parents or guardians if I am a dependent student or with my spouse if I am a married student.
¨ Financial assistance is intended for full-time students (12-18 units/semester). Students enrolled in less than 6 units in a semester may not qualify for certain types of financial assistance. Adjustments will be made to my financial assistance if I add or drop units below or above flat rate tuition (12-18 units per semester) resulting in a change in tuition charges.
¨ I understand I must make satisfactory academic progress (SAP) (GPA of 2.0 and complete a minimum of 12 units per semester). If my Pepperdine cumulative GPA falls below 2.0 for two consecutive semesters, including summer, I will forfeit my financial assistance until my Pepperdine cumulative GPA is raised to 2.0 or greater. If my term GPA falls below a 1.0 in any one semester, including summer, I will forfeit my financial assistance.
¨ I understand that if my financial assistance is canceled due to academic probation, continued probation, or not completing the minimum units, I will be notified via my Pepperdine email account. If my financial assistance is canceled I understand that I am required to pay my student account with my own resources or secure a private loan with a credit-worthy cosigner, if needed.
¨ Any student who fails to complete a minimum of twelve semester units with passing letter grades or passing (“CR”) during the fall or spring semester may forfeit federal and/or institutional financial assistance for future semesters.
¨ I understand that I will receive financial assistance for a maximum of 8 semesters or until graduation requirements for the first degree are met, whichever comes first. I should complete an average of 16 units per semester with passing letter grades or passing credit (CR) to finish degree requirements within that time frame.
¨ I am required to provide and maintain local and permanent mailing addresses with the Registrar’s Office in order to receive Pepperdine institutional financial assistance, or my financial assistance may be canceled.
¨ I understand that Pepperdine institutional financial assistance is partially based upon a student’s personal conduct and citizenship. Behavior inconsistent with established University guidelines and policies for personal conduct, as outlined in the Student Handbook, is cause for termination of institutional financial assistance.
¨ I understand that it is my responsibility to apply for financial assistance each academic year. Furthermore, if I am dismissed, suspended, withdraw from school, or take a leave of absence, once I return to school I will contact the Office of Financial Assistance to reactivate my financial assistance file.
¨ I understand that my Seaver College financial assistance award applies only to Seaver College academic programs, and this award is not valid at the other schools of Pepperdine University, including those portions of joint degree programs completed at other schools of the university.