Penalties on Late Payments and Unpaid Balances

Students are responsible for viewing their student account online, for noting their account balance due, and for making the appropriate arrangements for the Student Accounts Office to receive payment by the due date.  Finance charges will accrue daily on any past due balances at a rate of .027%.

Outstanding balances on a student account, or defaulting on other financial obligations with the University, will prevent the student from registering for classes and will result in the University not publishing the student’s grades for the last term in attendance on transcripts. Additionally, degrees and/or certificates will not be posted on the student’s transcript until all University obligations (academic, financial, and otherwise) are fulfilled.

To the extent not prohibited by law, if a student defaults on payment of a Pepperdine student loan and/or has an outstanding student account balance, all other records, with the exception of academic transcripts, will be withheld until the student either brings the loan to current status or pays off the account balance. Every student with a loan must complete an exit interview with the Office of Financial Assistance before their student records will be released. Each student also agrees to pay all costs of collection upon default, including, but not limited to, collection agency fees, attorney fees, and location services.