Pepperdine University Admissions Office

Financial Aid Terms and Conditions

• Financial information reported on the FAFSA may be verified against federal income tax returns, schedules, W2 forms, and other verification documents. Financial aid awards are subject to change if the information reported on the FAFSA is different from the information on tax returns and/or other verification documents. Awards may be adjusted after verification, or in coordination with any additional aid, such as outside scholarships not yet reported to the GSEP Financial Aid Office.
• Pepperdine University will credit the student's account with all the financial aid awards accepted by the student, including all federal, state, private and institutional aid. After all funds have been credited to the student's account, any financial aid funds in excess of tuition will be refunded directly to the student after the add/drop period each term.
• Pepperdine University will receive and process federal and private loan funds via Electronic Funds Transfer unless the student informs the school to do otherwise by contacting the GSEP Financial Aid Office.
• The student is responsible for finding out lender interest rates, repayment terms, and servicing information before selecting a lender for Federal Stafford, Graduate PLUS or private educational loans.
• By accepting financial aid awards, the student agrees to use federal (Title IV) funds to cover institutional charges at Pepperdine University.
• The student is responsible for any outstanding balance on his/her student account. The student will not be eligible to register for subsequent academic terms if he/she has an outstanding balance.
• The GSEP Financial Aid Office is authorized to discuss any and all matters related to the student's financial aid file with the student only (and the student's parents, if the parents claim the student as a dependent on their federal tax return). The student must provide written consent to the GSEP Financial Aid Office if he/she wishes to discuss/release information to any other person.
• The student must report any changes in financial, marital or academic/enrollment status to the GSEP Financial Aid Office. Grants and scholarships are available only to full-time students.
• The student must report any outside scholarships he/she expects to receive so that all financial assistance can be coordinated to ensure that it does not exceed the cost of attendance.
• Stafford Loans are estimated and may be adjusted due to changes in enrollment status. A maximum loan origination fee of 3% may be deducted from the loan proceeds by the lender prior to disbursement of the loan to the student's account. Generally, aid is disbursed at the start of the academic term. The total amount of loan accepted will be divided into equal amounts each term. For example, if you reduce your loans to $10,000, $10,000 will be divided by the number of terms you enroll (Fall, Spring, and/or Summer).
• For any given academic term, adjustments will be made to financial aid awards if the student enrolls in fewer units, resulting in a change in tuition charges for that term.
• The student must maintain academic progress at Pepperdine University in order to remain eligible for financial aid (see Academic Catalog and individual program descriptions for details).
• It is the student's responsibility to comply with written and verbal requests for documentation deemed necessary by the GSEP Financial Aid Office. Failure to submit requested documentation will result in the cancellation of the financial aid awards.
• Certain directory information may be released to parties outside of the University who are providing scholarship assistance to Pepperdine students. The directory information released may include the student's name, address, hometown, and, academic major. If you do not wish to have this directory information released, please refer to the University’s Student Records Policy for the procedure to request non-release of such information, or contact the financial aid office.