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Pepperdine University, Graduate School of Education and Psychology

Financial Aid

Application Procedures and Forms

NEW FOR 2008-09: After you complete the FAFSA online at www.fafsa.ed.gov, log into Wavenet to view the status of your financial aid application, your financial aid eligibility, and complete the student loan application process.  For complete instructions for Financial Aid in Wavenet, click here.

There are a variety of financial aid resources available to GSEP students to assist with tuition costs and living expenses, including:

In addition, GSEP graduates who earn a Teaching Credential and teach for a specified number of years in designated low income, low performing and/or qualifying subject areas may be eligible for loan forgiveness (a portion of federal loans would be forgiven and would not have to be repaid).

APPLICATION PROCEDURES FOR SUMMER 2008:

New students for Summer 2008: please proceed with Steps 1, 2, and 3 below.

For financial aid for 2008-09, please complete Step 1 below.  After your FAFSA is processed and you receive your Student Aid Report,  log into Wavenet to view the status of your financial aid application, your financial aid eligibility, and complete the student loan application process.

For complete instructions for Financial Aid in Wavenet, click here.

Financial aid may take several weeks to process; therefore, students should apply for financial aid as soon as possible after they apply for admission to Pepperdine's Graduate School of Education and Psychology (however, only admitted students will be awarded aid). Students must reapply for financial aid each academic year.

To be eligible for financial aid an applicant must:

Priority Application Deadlines:

If you are starting classes in: 

Step 1:
Complete the Online FAFSA form
Approximately four weeks after submission of the FAFSA you will receive your Student Aid Report via email. Pepperdine will receive your information electronically. Our office will then notify you of your maximum eligibility for federal Stafford Loans with an "Award Notification letter."  Pepperdine's school code for the FAFSA is 001264.

Step 2:
Complete Online Loan Counseling
If this is your first loan at Pepperdine GSEP, you are required to complete Student Loan Entrance Counseling before the Financial Aid Office can process your loan(s). The purpose of Loan Counseling is to inform you of your rights and responsibilities in borrowing a student loan. This is a federal requirement.

Before you graduate (or if/when you drop below half-time enrollment status) you will be required to complete Student Loan Exit Counseling. If you cannot complete Loan Counseling online, you may request a paper form by calling (310) 568-5775

New students for Summer 2008: please proceed with Step 3 below. 

Step 3:
Complete the Federal Stafford Loan Master Promissory Note
After you receive your Award Notification Letter from the GSEP Financial Aid Office, you are ready to complete a Master Promissory Note (MPN) loan application. The MPN must be completed as your promise to repay the loan(s). After you complete the MPN, the Financial Aid Office will process your loans and funds will be credited to your student account at the start of each term. Any funds in excess of tuition and fees charges will be refunded to you after the Add/Drop period. Click here to apply for a Federal Student Loan.

If you would prefer to complete paper forms, please contact the GSEP Financial Aid Office at 310-568-5775.

CHOOSING A LENDER FOR YOUR STAFFORD LOANS:

When you complete the MPN (Step 3 above) you will be asked to select a lender.  The lender is the bank or credit union that will process your student loan funds. The GSEP Lender List below is intended as a resource only and it is not a complete listing of student loan lenders.  Students may select any lender (bank or credit union) that processes student loans.  All lenders offer the same interest rates for Federal Stafford Loans. The lenders on the list demonstrate a consistent level of service in the following areas:

No one single factor is determinative.  Each lender’s performance is reviewed and evaluated on an ongoing basis, and no less than annually, by the GSEP Financial Aid Office.  The evaluation includes student feedback.  We encourage students to provide their feedback via email at gsepfaid@pepperdine.edu. 

LENDER LIST

* These lenders may have agreements to sell their loans on a secondary market to another lender or loan servicer.

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