PEPPERDINE IS POSSIBLE Your Road Map to Financial Assistance
WITHIN YOUR REACH Your education is an investment in yourself, your career, and your financial future that will last a lifetime. Although the University believes that families and students have the primary responsibility for meeting the cost of an education, the Office of Financial Assistance is dedicated to providing the tools and resources necessary to help bridge the gap between the cost of Pepperdine and the family’s contribution.
APPLYING As you begin to think about applying to colleges, it is important to educate yourself about the financial aid process. This means taking note of important deadlines, understanding your eligibility, and learning more about the different types of aid available.
PEPPERDINE FAFSA PRIORITY DEADLINE FEBRUARY 15 The Free Application for Federal Student Aid (FAFSA) is the way to apply for federal student aid. It also allows Pepperdine to evaluate your financial need and consider you for additional institutional grants and scholarships if you qualify. fafsa.gov
DIRECT COST OF ATTENDANCE Tuition (12–18 units) $51,740 Room and board $14,870 Student activity fee $252 Total Direct Cost $66,862 (2017–2018 academic year)
TYPES OF FINANCIAL ASSISTANCE SCHOLARSHIPS ACADEMIC MERIT
You will automatically be considered for academic merit scholarships after your admission evaluation is complete. Academic merit scholarships are awarded only at the time of admission to competitive students based on submitted application materials, test scores, GPA, and course selection, and can be coordinated with need-based aid. Scholarship amounts vary. (Note: Because funds are exhausted in the fall semester, academic merit scholarships are not available for entering spring semester students). CHURCH OF CHRIST
You must be an active member of a Church of Christ congregation and submit an additional letter of recommendation from a church leader from your home Church of Christ congregation. The maximum scholarship amount is $10,000. For more information, please visit: seaver.pepperdine.edu/admission/coc PRIVATE SCHOLARSHIPS/GRANTS
You will automatically be evaluated for private scholarships/grants when you successfully submit your completed FAFSA by the Pepperdine priority deadline of February 15. DEPARTMENTAL SCHOLARSHIPS
Fine Arts and athletic scholarships may be available to students who participate in additional evaluation and audition processes. For more information, visit: pepperdinewaves.com seaver.pepperdine.edu/finearts
Grants are need-based awards funded by Pepperdine, the federal government, or state governments.
FEDERAL EDUCATION LOANS Federal Education Loans may be awarded to students and parents who qualify. Student loans have to be repaid, typically with interest, but some forgiveness programs exist. For more information, visit: studentloans.gov
WORK-STUDY Pepperdine offers federal work-study to students who qualify based on financial need and fund availability. This program allows you to work in a variety of part-time capacities—often in fields related to your studies and goals—by applying to positions through the Student Employment Office.
PEPPERDINE ALUMNI NETWORK
Over 30 organized groups and chapters all over the US and around the world
SENSIBLE BORROWING TIPS As you navigate the financial assistance process, it is a good idea to determine what is realistic for you and your family to borrow. Although this decision is unique to your family, it may be helpful to know that the average national student loan indebtedness is approximately $30,000. While student loans are a useful tool, you can significantly reduce your loan indebtedness by borrowing only to cover your education-related expenses. It is also important to consider your total loan costs, which include the principal amount borrowed plus accrued interest. Please visit our website for sample repayment charts to see what your monthly loan payments might look like. seaver.pepperdine.edu/financial-aid
Pepperdine contributed approximately $72 million in University-funded grants and scholarships for undergraduate students during the 2016–2017 academic year. The average annual grant and scholarship package per year for the incoming class of 2016 was $28,300.
Pepperdine need-based and federal aid is based on your financial need. Financial need is the difference between the estimated cost of attendance (COA) for the academic year and the estimated family contribution (EFC). Institutional grant assistance is evaluated during your first year at Pepperdine and remains the same as long as you maintain Satisfactory Academic Progress (SAP) and meet the Financial Assistance Terms and Conditions, for a maximum of eight semesters, not including summer sessions, which may be awarded additionally.
THE PEPPERDINE IMPACT A degree from Pepperdine is highly valued and respected in a competitive global marketplace. Choosing to enroll at Pepperdine not only launches a personally, academically, and spiritually transformative journey, but also a practical foundation that is rooted in ethical decision making, real-world application, and a supportive community.
of Pepperdine students graduate in four years—approximately 36% higher than the national average.
of Pepperdine students participate in internships, student teaching, on or off-campus employment, and undergraduate research.
of undergraduate students received some form of financial assistance during the 2016-2017 academic year.
FINANCIAL ASSISTANCE CHECKLIST
DATES AND DEADLINES
Pepperdine priority FAFSA deadline for students applying for institutional need-based aid and Church of Christ scholarships
STEP 1 C omplete the Common Application by the January 5 deadline. You must include your correct Social Security number, name as listed on your Social Security card, and birthdate, all of which must be accurate and match what you entered on the FAFSA. This information must also match the data entered on your admission application in order to be considered for institutional, federal, and state need-based aid.
STEP 2 V isit: seaver.pepperdine.edu/financial-aid
STEP 3 U nder “Application Process and Requirements,” select your applicant type to review detailed financial assistance application instructions and requirements.
FAFSA available online at fafsa.gov
Pepperdine application deadline
Cal Grant deadline (California residents only) csac.ca.gov (GPA Verification Form) Admission decisions sent
STEP 4 S ubmit the FAFSA by the Pepperdine priority deadline of February 15 at fafsa.gov. Completed FAFSA applications received after this date may not be eligible for institutional need-based aid.
Financial assistance awards sent
STEP 5 I f you are admitted to Pepperdine, you will be granted access to your WaveNet portal where you will find a “To Do List” of forms/documents that you are required to submit to the Office of Financial Assistance. Please do not submit documentation that has not been requested.
ONLINE RESOURCES Cal Grant information csac.ca.gov College Board scholarship search bigfuture.collegeboard.org/scholarship-search FAFSA application fafsa.gov Federal Student Aid ID fsaid.ed.gov
STEP 6 ( California residents only) Students apply for the Cal Grant by filing the FAFSA form and the GPA Verification Form by the deadline of March 2. Please check with your high school to verify whether your school automatically submits your GPA Verification Form for you.
ELIGIBLE NON-CITIZENS Send an enlarged copy of your Permanent Resident Card (front and back). An original will be required at a later date.
Fastweb scholarship search fastweb.com Federal student aid information studentaid.ed.gov
Student loans studentloans.gov
I nternational students are automatically considered for academic merit scholarships.
Other Resources seaver.pepperdine.edu/admission/outsidescholarships
OFFICE OF FINANCIAL ASSISTANCE
SEAVER COLLEGE OF PEPPERDINE UNIVERSITY 24255 Pacific Coast Highway, Malibu, CA 90263
+1 310.506.4301 (International)
Published on Aug 1, 2017
Pepperdine is within reach. Your education is an investment in yourself, your career, and your financial future that will last a lifetime. A...