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Pepperdine | Seaver College

Financial Aid FAQs

General Questions

What is the percentage of students receiving some type of financial assistance at Pepperdine University?

About 75-80%

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. However, if the FAFSA is completed by the priority deadline and the student received institutional need-based aid they may qualify for an institutional need-based grant.

What happens if I decide to live off-campus?

Students who decide to live off-campus must first obtain permission from the Housing and Residence Life 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 and all fees, you may receive a refund starting the first week of school, students enrolled in at least 12 units with a credit balance from financial aid will have their refunds processed for your off campus living expenses. 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. You should come to school prepared to pay at least your first month's living expenses including books.

I'm thinking about dropping below 12 units. How will this affect my financial assistance package?

Financial assistance will be prorated 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, Federal grants and Federal Direct loans which will immediately begin the grace period.

What offices within Pepperdine must be notified when a student completely withdraws from the University?

Registrar, Housing and Residential Life, Office of Student Accounts, Office of Financial Assistance, and One Stop.

If a student's parents filed an extension on their taxes, 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, do not wait you must use estimated figures to complete and submit the form by the priority deadlines:

  • November 1 - Spring Admission and Early Action Fall Admission
  • February 15 - Regular Decision Fall Admission
  • March 15 - Continuing students.

Your parent should estimate their financial information as accurately as possible to avoid adjustments to your award based on their submitted finalized tax return. After the taxes have been filed, update your FAFSA. Federal aid will not be disbursed to the student's account until the file has been verified by the Office of Financial Assistance.

If the student's parents are divorced/separated, which parent must complete the FAFSA form and provide tax information?

If your parents are divorced or separated and don't live together, answer the questions about the parent with whom you lived more during the past 12 months.

If you lived the same amount of time with each divorced or separated parent, give answers about the parent who provided more financial support during the past 12 months. If you need further clarification on custodial parent information, please click here.

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 email 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 "College Code/Step Six" 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 following priority deadlines:

  • November 1 - Spring Admission and Early Action Fall Admission
  • February 15 - Regular Decision Fall Admission
  • March 15 - Continuing students.

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. You should go through the form and correct or complete all of the items you are requested to verify and submit the changes via FAFSA on the web. 

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.

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 Question 44. C, please visit the FAFSA.

Does the Office of Student Accounts include Federal Work Study when calculating the amount the student will owe?

No.

How does Federal Work Study funds get paid to the student account?

These funds are not directly deposited into your student account. You must obtain an approved Federal Work Study job. Then you will receive a paycheck every two weeks based on the hours worked. 

If your financial aid does not cover your semester charges, you may apply your paycheck to the student account by bringing the check to either OneStop or the Office of Student Accounts. If you are interested in signing up for direct deposit of your paycheck into your student account, please stop by the Office of Student Accounts for assistance. Please keep in mind that even if you are using Federal Work Study funds to pay all or part of your semester charges, the due dates for your fees still apply. Contact the Office of Student Accounts if you have any questions.

Loans

What are the loan limits for the Federal Direct Loans?

Dependent Students

Independent/Federal Direct PLUS Denial

Freshman $5,500 Freshman $ 9,500
Sophomore $6,500 Sophomore $10,500
Junior $7,500 Junior $12,500
Senior $7,500 Senior $12,500

What is the best method of accepting Federal Direct and Federal Direct PLUS loans?

Accept online through Wavenet.

What happens if a parent is credit denied for the Federal Direct PLUS Loan?

  • The parent may obtain a credit worthy endorser to continue the Federal Direct PLUS Loan process.
  • If the parent opts not to obtain an endorser, the student may 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. Private loan 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 email 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 eligibility. 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 a scholarship information page on our website that lists scholarship opportunities by application deadline. 

What should a student send us if they find out they are going to receive an outside scholarship?

The student should send us a copy of the letter received from the organization. Outside scholarships will be coordinated with requirements of need-based aid and cost of attendance.

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 will be processed based on the departments guidelines and any applicable federal and state regulations. 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 study.

Early Action

When will financial aid be awarded for Early Action applicants?

An estimated financial aid award letter will be sent out after admission decision on January 9, 2019. This award will only be an estimate since a final cost for the next academic year has not been finalized. Once all costs are finalized, an email with the new financial aid award will be sent in March. The student/parent will still have the opportunity to review the cost and financial aid award before making a final decision to attend in the Fall by the deposit deadline of May 1.