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Pepperdine | Graduate School of Education and Psychology

Frequently Asked Questions (FAQs)

Contact Us

GSEP Financial Aid Office
Pepperdine University
Graduate School of Education and Psychology
6100 Center Drive, 5th Floor
Los Angeles, CA 90045

310.568.5775

Email

Fax: 310.568.2399

Financial Aid in Wavenet

For instructions on how to view financial aid application status, financial aid eligibility, and Accept/Decline financial aid awards, view the WaveNet Financial Aid Guide.

Cost of Attendance

What is my cost of attendance?
Your total cost of attendance includes both direct and indirect costs (see definitions below) and is set for all students each year, and actual costs may vary, depending on your lifestyle. Your total financial aid award cannot exceed the Cost of Attendance (estimated costs for the academic year). Visit the Cost of Attendance page for more information.

What are direct costs?
Directs costs including tuition and fees that are charged directly to your Pepperdine student account in WaveNet. To view tuition rates for the current academic year, visit the Cost of Attendance page.

What are indirect costs?
Indirect costs are expenses not charged on your Pepperdine student account in WaveNet. These would include living expenses, books and supply costs, and transportation. To view the budget for indirect costs for the current academic year, visit the Cost of Attendance page.

How much is my tuition?
To determine your tuition costs for the program, you may refer to the Tuition Calculator.

 

Applying for Financial Aid and Eligibility

What is the FAFSA?
The Free Application for Federal Student Aid (FAFSA) s the form you need to fill out to get any financial aid from the federal government to help pay for college. The FAFSA asks for information about you and your family's finances, including tax returns.

Do I need to file for a FAFSA? If so, how often?
To be considered for federal financial aid, you must complete the FAFSA once per academic year.

Which FAFSA application do I complete?
See the chart below to determine which FAFSA to complete if you have not yet done so.

For on-ground or hybrid face-to-face programs
Summer 2020: 2019-2020 FAFSA
Fall 2020: 2020-2021 FAFSA

For 100% online programs
Spring 2020: 2019-2020 FAFSA
Summer 2020: 2020-2021 FAFSA

What tax year do I use for FAFSA?
If you are completing the 2019-2020 FAFSA, you will use 2017 tax information.
If you are completing the 2020-2021 FAFSA, you will use 2018 tax information.

I am not a US citizen, can I apply for federal financial aid (FAFSA)?
You may apply for the FAFSA if you are an eligible non-citizen. More information can be found by visiting https://studentaid.ed.gov/sa/eligibility/non-us-citizens.

Can I use financial aid for my course required international and national trips?
You may apply for additional credit-based loans, and upon approval, you may use this to cover international and national trips. You may contact the GSEP Financial Aid office for further instructions regarding applying for your specific trip.

Do I need to maintain good academic standing in order to remain eligible for financial aid?
Yes. You must maintain academic progress at Pepperdine University in order to remain eligible for financial aid. You may review our Satisfactory Academic Progress policy for additional details. In general, if your GPA falls below a 3.0, you have one term to raise it to 3.0 before losing eligibility for financial aid and being dismissed from the program. You may regain eligibility by earning a GPA of 3.0; however, aid eligibility is not retroactive. Aid eligibility will resume in the term after the GPA of 3.0 is achieved.

Student Loans

The Financial Aid Office will send you an Award Notification email to your Pepperdine email address after you have submitted all documentation and your file is complete. The email will contain instructions to log into your Wavenet Student Center, view your financial aid awards, and accept, reduce, or decline your financial aid awards.

Scholarships

You may be eligible for a Federal Direct Graduate PLUS Loan. The Graduate PLUS Loan requires credit approval from the U.S. Department of Education and it is generally available to students who do not have adverse credit. Please contact the GSEP Financial Aid Office at 310.568.5775 or gsepfaid@pepperdine.edu to confirm the amount for which you are eligible, and we will process the loan for you.

Federal Work Study/Veterans Benefits

Yes. The Federal Direct Unsubsidized Stafford Loan is not based on need. Students must still complete a FAFSA and the financial aid application process in order to borrow a Federal Direct Unsubsidized Stafford Loan.

Tuition/Refunds/Student Accounts

If you enroll for fewer units than anticipated, it may affect (reduce) your financial aid eligibility. You must contact the Financial Aid Office to determine if your aid will be affected.

Dropping courses/Withdrawing from the term

Yes. The Federal Direct Stafford Unsubsidized Loan is not based on a credit history. Students are eligible as long as they meet the general eligibility requirements for federal financial aid and are not in default on a prior student loan. To apply for financial aid, please visit the Financial Aid homepage.

Student Loans

What if I want to borrow less than the amount I have been awarded?

When you view your financial aid awards in the Wavenet Student Center, you will have the option of declining or reducing the amount of student loans that you have been awarded.

What is the interest rate on the Federal Direct Loans?

For current interest rates regarding all federal loans, see the Federal Student Aid website.

Can I defer my undergraduate loans?

Yes. As long as you are enrolled in at least half-time status at an accredited college or university, your student loans are eligible for deferment (repayment of the loans is deferred). Pepperdine University reports your enrollment status to the federal government for loan deferment purposes several times each term.

What if I need additional financial aid?

You may be eligible for a Federal Direct Graduate PLUS Loan. The Graduate PLUS Loan requires credit approval from the U.S. Department of Education and it is generally available to students who do not have adverse credit. Please contact the GSEP Financial Aid Office at 310.568.5775 or gsepfaid@pepperdine.edu to confirm the amount for which you are eligible, and we will process the loan for you.

Tuition / Refunds / Student Accounts

When will I receive my financial aid and when is tuition due?

If your financial aid file is complete before the start of the term, your aid will be disbursed during the first week of classes each term. Any financial aid in excess of your tuition and fee charges will be refunded by the Student Accounts office after the add/drop period of each term.

Tuition is due the day after the last day of the add/drop period each term. If you have completed your financial aid application, including Entrance Loan Counseling and the MPN (if necessary), AND your financial aid covers your tuition, you do not need to make a payment. The Student Accounts office will consider your pending financial aid.

If financial aid does not cover your tuition, you must make payment arrangements for the balance due each term. For more information, go to Student Accounts.

How do I know how much I owe or if I will receive a refund?

Tuition rates can be found on the Program Costs page. We also provide a Tuition Calculator to assist you with the calculation. Use the following equation to determine your balance due/refund each term:

TUITION COST (# of units x per unit rate) - FINANCIAL AID = BALANCE DUE/REFUND

For updated student account information go to the Student Center in Wavenet and click on the "Account Inquiry" link in the Finances section.

Why is my refund check amount less than what I expected?

An origination fee is deducted by the U.S. Department of Education for processing your Federal Direct Stafford Loan. Origination fees are automatically deducted from the total amount that you borrow at each disbursement to the school; therefore, the net amount that is credited to your student account will be less than the total amount you were awarded. For current origination fee rates, see the Federal Student Aid website. Please note that you must repay the total amount that you borrow, including origination fees.

What if I need additional financial aid?

You may be eligible for a Federal Direct Graduate PLUS Loan. The Graduate PLUS Loan requires credit approval from the U.S. Department of Education and is generally available to students who do not have adverse credit. Please contact the GSEP Financial Aid Office at 310.568.5775 or gsepfaid@pepperdine.edu to confirm the amount for which you are eligible, and we will process the loan for you.