Financial Aid FAQ

Tuition and Billing

How much does the Business@Pepperdine program cost?

Tuition is based on the number of credits for which you register. Current tuition rates can be found on the Business@Pepperdine program site.

How much is the enrollment deposit?

A non-refundable $250 tuition deposit is required prior to enrollment.

Can I use financial aid to cover the deposit?

No, federal student aid cannot be used to pay the deposit.

Will I be able to view my award package before submitting the deposit?

Once admitted, and if the FAFSA is completed, students can expect to receive their award notification as early as two months prior to the start of the term. Depending on the date of admittance, the student may or may not have the financial aid award information available by the time the deposit is due.

When will I receive a tuition bill and when is payment due?

To review your Pepperdine student account activity, including detailed information about tuition charges, payment due dates, financial aid credited to your account or refunds processed, log into Wavenet.

What are the accepted forms of payment?

Cash, check, eCheck, and wire transfer are acceptable forms of payment. Pepperdine University does not accept credit cards for payment of tuition and fees. You may contact Student Accounts for information regarding your tuition bill.

How does my employer go about paying the school?

Contact Student Accounts for information regarding Employer Tuition Assistance and Company Reimbursement.

Does Pepperdine offer payment plan options for this online program?

Visit Student Accounts for information on payment options and due dates.

Will my registration be cancelled if the bill is not paid when classes begin?

It is the student’s responsibility to have aid set up prior to the payment due date. If aid has not been processed due to student’s delay, the student will be charged late fees, and is responsible for paying them.

What is the process if I’m eligible for a refund?

Refund processing by the Student Accounts Office begins the business day after the Add/Drop period of each session. Once it is processed, it may take up to 10 business days to receive your refund, depending on the method chosen to receive the funds. Should you have additional questions regarding your refund, please contact the Student Accounts Office.

When do I have access to my loan proceeds/refund check?

Refund checks are not available until the start of each semester. If a refund is due to the student, the Student Accounts Office recommends signing up for e-refund through your Student Center in WaveNet. E-refund will ensure timeliness of refunds, as they are directly deposited into the student's bank account, as specified when signing up for e-refund.

What if I take a leave of absence or withdraw?

If you wish to withdraw from all classes for the term, or withdraw permanently from the University, you must notify your academic advisor in writing using your Pepperdine email account. Your withdrawal date will be determined as the earliest date Business was aware that you stopped attending classes and your financial aid may be adjusted.

Who can I contact at Pepperdine for billing and payment questions?

You may contact Student Accounts for information regarding billing and payment issues.

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Financial Aid at Pepperdine

Are internal scholarships available for this program?

There are no internal scholarships available.

Are there any school specific supplemental financial aid forms I need to complete?

If you plan to apply for federal student aid, please complete the Free Application for Federal Student Aid (FAFSA), Entrance Counseling, and Master Promissory Note (MPN) in order for your loans to disburse.

How do I know if I am missing documents and my file is still incomplete?

Once admitted, you can log on to your student portal on WaveNet. A self-service menu will be available to you. Please go to the “To Do” list to view the links to the missing documents needed to complete your file.

What is the minimum number of units required to receive federal student aid?

Students must be enrolled in a minimum of 3 units per term in order to be eligible for federal student aid.

Once admitted, how long will it take to receive my FA award package?

Financial aid will be processed and offered within 2-4 weeks after your FAFSA and all required documentation has been received by the Financial Aid Office.

How will I receive and accept my financial aid award?

Once admitted, your financial aid award notification will be sent via e-mail with instructions on how to view and accept/decline/adjust your award on your student Wavenet account.

What makes my financial aid file complete?

Your file is deemed complete after the Financial Aid Office has received your Free Application for Federal Student Aid (FAFSA) and other documentation (if required).

How is financial aid offered and disbursed to me?

After your file is complete, you will receive an email notification advising you of your offered aid. You must "Accept/Decline” your financial aid awards and complete Entrance Loan Counseling and MPN(s) for your federal loans to be disbursed. All financial aid is disbursed electronically and posted to your student account at the beginning of each trimester.

Am I required to accept the full amount that I am offered on my award letter?

No. On your student home page in Wavenet, you will have the option to "Accept" "Reduce" or "Decline" your loans directly. You may request to return any excess loan amount(s) you do not want within 14 days after disbursement. It is recommended that you borrow only what you will need to finance your educational expenses, and to budget accordingly.

Does my Direct Loan eligibility cover the entire cost of the program?

Assuming you are eligible for both the Direct Unsubsidized loan and the Direct Graduate PLUS loan, the aid will cover the tuition costs of your enrollment for the academic year not to exceed the cost of attendance (COA).

What is the cost of attendance (COA)?

Students can receive financial aid up to their total Cost of Attendance (COA) for the academic year. The COA includes tuition, fees, an estimated budget for living expenses, books and supplies, and transportation. The COA is set for all students each year; actual costs may vary.

Can I use loans to cover immersions?

Yes, you are able to use financial aid resources to cover workshop/immersion expenses.  

Do I need to maintain good academic standing in order to remain eligible for financial aid?

Students are required to maintain Satisfactory Academic Progress (SAP) at Pepperdine University to maintain eligibility for financial aid. Your GPA must be at or above 3.0. Should your GPA fall below 3.0, you will have one trimester to raise your GPA to the required 3.0 before losing your financial aid eligibility. Please visit the Academic Catalog for more details.

Who can I contact at Pepperdine for financial aid questions?

You may email PGBSfinancialaid@pepperdine.edu or call Phone Number: +1-310-568-5530.

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FAFSA

What is the FAFSA?

The Free Application for Federal Student Aid (FAFSA) is the application the Department of Education uses to determine a student’s eligibility for federal student aid.

Where can I find the FAFSA?

The Free Application for Federal Student Aid (FAFSA) can be found online at FAFSA.ed.gov.

What is Pepperdine University’s Title IV federal school code?

Pepperdine University’s federal school code is 001264.

Do I need my parents’ tax information to complete the FAFSA if I live on my own?

All graduate students are considered to be independent students and will not need parent information to complete the FAFSA.

What is the Expected Family Contribution (EFC)?

The Expected Family Contribution (EFC) is the amount that a student is expected to contribute to the educational costs.

When should I complete the FAFSA?

The FAFSA is available in October of each year. You must complete your FAFSA each academic year for federal student aid.

What constitutes an academic year for federal student aid?

Fall, spring, and summer trimesters constitute an academic year at Pepperdine University.

What federal student aid is available to graduate students?

Federal Direct Unsubsidized Loan and the Federal Direct Graduate PLUS loan are available for graduate students. Learn more about the types of federal student aid.

Will I need to fill out the FAFSA each year?

Yes, you will need to complete the FAFSA for each academic year.

Am I eligible for the Federal Pell Grant, or the Federal Subsidized Loan?

No, graduate students are not eligible for the Federal Pell Grant and Direct Subsidized Loan.

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Direct Unsubsidized Loan

What criteria is used to determine eligibility for federal student aid?

The Direct Unsubsidized Loan is not based on income. In order to apply for federal student aid, you must:

  • Be a U.S. citizen or eligible noncitizen
  • Have a valid SSN
  • Be registered with Selective Service, if you’re male (must register between the age of 18-25)
  • Be enrolled or accepted for enrollment in an eligible degree program
  • Be enrolled at least half-time in an eligible program
  • Maintain satisfactory academic progress
  • Not currently be in default on previous student loans borrowed through FSA
  • Not have exceeded the maximum aggregate loan limit

Learn more about federal student aid eligibility criteria at StudentAid.ed.gov.

What if I am currently in default or have defaulted on a prior federal student loan?

Visit the National Student Loan Data System (NSLDS) and contact your lender or servicer for details on how to clear your default status. Students whose prior loans are in default are not eligible for any federal aid until the default is cleared.

What is the aggregate loan limit?

The aggregate loan limit is the total amount a student may borrow for their undergraduate and graduate studies.

How do I find out if I am near my aggregate loan limit?

You may visit the National Student Loan Data System website to view your federal student loan borrowing history. Please note that private education loans are not listed on this site.

What is the difference between a Direct Unsubsidized Loan and a Direct Subsidized loan?

Direct Subsidized Loans are available to undergraduate students only. The Direct Unsubsidized Loan are available to undergraduate and graduate students. The Unsubsidized loan begins accruing interest as soon as when funds are disbursed. Learn more about the difference between unsubsidized and subsidized loans.

How much am I eligible for in the Direct Unsubsidized Loan?

Graduate level students are potentially eligible to receive up to $20,500 per academic year for the Direct Unsubsidized Loan. Learn more about graduate annual loan limits.

How do I apply for the Direct Unsubsidized Loan?

Upon receipt of the Free Application for Federal Student Aid (FAFSA), your Direct Unsubsidized Loan will be processed as an offer and a notification sent to you shortly after. To apply for the Direct Unsubsidized Loan, you must complete and submit the Free Application for Federal Student Aid (FAFSA).

What is the current Direct Unsubsidized Loan interest rate?

The Direct Unsubsidized Loan interest rate is determined at the beginning of each academic year and is available on the Federal Student Aid website.

Are there any additional loan fees for the Direct Unsubsidized Loan?

Yes, there is a loan origination fee which will be deducted from each loan disbursement. Information on Direct Unsubsidized loan origination fees can be found on Interest Rates and Fees page of the Federal Student Aid website.

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Direct Graduate PLUS Loan

What is the Direct Graduate PLUS Loan?

The Direct Graduate PLUS loan is a federal loan for graduate or professional degree students. This loan can be used to help pay education expenses in addition to the Direct Unsubsidized Loan. Learn about Direct PLUS Loans.

What are the eligibility criteria to apply for the Direct Graduate PLUS Loan?

The Direct Graduate PLUS Loan is based on credit history. In order to be eligible to apply, you must:

  • Be a U.S. citizen or eligible noncitizen
  • Have a valid SSN
  • Be registered with Selective Service, if you’re male (must register between the age of 18-25)
  • Be enrolled or accepted for enrollment in an eligible degree program
  • Be enrolled at least half-time in an eligible program
  • Maintain satisfactory academic progress
  • Not currently be in default on previous student loans borrowed through FSA
  • Not have exceeded the maximum aggregate loan limit
  • Not have an adverse credit history

Do Direct PLUS Loans affect my aggregate loan limit?

No. Only Direct Subsidized and Direct Unsubsidized Loans count towards your aggregate loan limit.

What are the credit criteria to receive the Direct Graduate PLUS Loan?

To receive a Graduate PLUS Loan you must not have an adverse credit history. A credit check is performed to determine whether a Graduate PLUS Loan applicant meets this requirement. A list of what constitutes "adverse credit history" can be found on the Federal Student Aid website.

How much can I borrow from the Direct Graduate PLUS Loan?

If approved for the Grad PLUS Loan, a student can borrow up to the cost of attendance (COA).

When can I apply for the Direct Graduate PLUS Loan?

A Graduate PLUS loan will be offered to you when your financial aid package has been completed.

How do I apply for the Direct Graduate PLUS Loan?

Upon receipt of the Free Application for Federal Student Aid (FAFSA), your Direct Graduate PLUS Loan will be processed in addition to the Direct Unsubsidized Loan as an offer and a notification sent to you shortly after.

What are my options if I'm denied the Direct Graduate PLUS Loan?

If you are denied the Graduate PLUS loan, you may reapply with an endorser or follow instructions on the Department of Education's website to appeal the denial.

What is the Direct Graduate PLUS loan current interest rate?

The Direct Graduate PLUS Loan interest rate is determined at the beginning of each academic year, and is available on the Federal Student Aid website.

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Loan Repayment

Do I have to repay my student loans while I’m in school?

You are not required to pay on your student loans while you are in school as long as you are enrolled at least half time (3 units). Your unsubsidized loan will go into repayment six months after you graduate, fall below half-time status, take a leave of absence or withdraw from the program. Your loans do accrue interest while in school, and we encourage you to pay down the interest if you are able. Learn more about repayment timelines.

What are the repayment plan options and how do I select one?

The Department of Education (ED) offers multiple options for repayment. You may visit the ED website for more information on loan repayment plans.

Is there a repayment calculator or estimator that I can use?

Yes, visit the Department of Education (ED) website for repayment calculators.

Can I consolidate my graduate loans and my undergraduate loans?

Yes. A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan including both graduate and undergraduate loans. The result is a single monthly payment instead of multiple payments. Learn more about loan consolidation.

Are there any loan forgiveness options available?

Please review the Department of Education website for more information on federal loan forgiveness programs.

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Military Education Benefits

How do I apply for military education benefits?

To begin the process of applying for eligible military education benefits, visit the U.S. Department of Veterans Affairs website.

What documents are required to process military education benefits?

Visit Vets.gov to complete the Education Benefits Application, which generates a request for the Certificate of Eligibility (COE). Once approved for benefits, the VA will mail the COE to you within 6-8 weeks from submitting the application.

What is the difference between active and non-active duty?

Active Duty is in the military full time and is not currently eligible for the Yellow Ribbon Program (YRP). Non-Active Duty is someone who is not currently serving or no longer serving in any capacity of military service of the United states and is eligible for YRP if at 100% per the COE.

What are the eligibility factors for the Post 9/11 GI bill?

You are potentially eligible if you have at least 90 days of aggregate active duty service after Sept.10, 2001, and are still on active duty. If you are an honorably discharged Veteran or were discharged with a service-connected disability after 30 days, you may be eligible for this VA-administered program. Learn more about the Post-9/11 GI Bill.

What is the current tuition and fee payment rate, and Monthly Housing Allowance (MHA)?

The tuition and fee payment rate, and MHA are determined at the beginning of each military academic year on August 1st. The current rate table is located on the Education and Training page of the U.S. Department of Veterans Affairs site.

What is the Yellow Ribbon Program (YRP)?

The Yellow Ribbon program allows degree-granting private colleges and universities in the United States to voluntarily enter into an agreement with the VA to fund tuition expenses that exceed the annual maximum cap for the resident tuition and fees at public institutions. Veterans who are utilizing Post-9/11 GI Benefits and who are entitled to 100% of their benefit may be eligible. To participate in the Yellow Ribbon program, you must be using Post-9/11 GI benefits at 100% eligibility, not on active duty, and not a military spouse. There are a limited number of Yellow Ribbon awards available.Learn more about the Yellow Ribbon Program at Pepperdine.

Who can I contact at Pepperdine for questions about using Military Education Benefits?

For any questions regarding your military benefits, please contact Pepperdine Veterans Services.

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