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 DEADLINES Early Action November 1 Regular Decision 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. studentaid.ed.gov/sa/fafsa
DIRECT COST OF ATTENDANCE Tuition (12–18 units) $55,640 Room and board $15,670 Campus life fee $252 Total direct cost $71,562 (2019–2020 academic year)
TYPES OF FINANCIAL ASSISTANCE SCHOLARSHIPS MERIT
You will automatically be considered for merit scholarships after your admission evaluation is complete. 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, 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 November 1 for Early Action and February 15 for Regular Decision. DEPARTMENTAL SCHOLARSHIPS
Fine Arts and athletic scholarships may be available to students who participate in additional evaluation and audition processes. For more information, visit: seaver.pepperdine.edu/finearts pepperdinewaves.com
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
More than 30 organized groups and chapters all over the US and around the world
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 to cover only 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 $81 million in University-funded grants and scholarships for undergraduate students during the 2018–2019 academic year. The average annual grant and scholarship package per year for the incoming class of 2018 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.
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 provides 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 35% 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 2018–2019 academic year.
DATES AND DEADLINES
FINANCIAL ASSISTANCE CHECKLIST
Fall Term First-Year Students FAFSA available online: October 1 Application deadline: November 1 FAFSA priority deadline: November 1 Decisions and Financial Aid sent: January 10 Cal Grant deadline (California residents only): March 2 Enrollment deadline: May 1
STEP 1 Complete the Common Application by November 1 for Early Action or January 15 for Regular Decision admission. You must include your correct Social Security number, name as listed on your Social Security card, and birth date, 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.
REGULAR DECISION ADMISSION
STEP 2 Visit: seaver.pepperdine.edu/financial-aid
Fall Term First-Year and Transfer Students FAFSA available online: October 1 Application deadline: January 15 FAFSA priority deadline: February 15 Cal Grant deadline (California residents only): March 2 Decisions and Financial Aid sent: April 1 Enrollment deadline: May 1
STEP 3 U nder “Application Process and Requirements,” select your applicant type to review detailed financial assistance application instructions and requirements.
EARLY ACTION ADMISSION
STEP 4 Submit the FAFSA by the Pepperdine priority deadline of November 1 for Early Action or February 15 for Regular Decision admission at fafsa.gov. Completed FAFSA applications received after these dates may not be eligible for institutional need-based aid.
STEP 5 If 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.
Cal Grant information csac.ca.gov College Board scholarship search bigfuture.collegeboard.org/scholarship-search
STEP 6 (California residents only) 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.
FAFSA application studentaid.ed.gov/sa/fafsa Federal Student Aid ID fsaid.ed.gov
Fastweb scholarship search fastweb.com
Send an enlarged copy of your Permanent Resident Card (front and back). An original will be required at a later date.
Federal student aid information studentaid.ed.gov
Student loans studentloans.gov
I nternational students are automatically considered for merit scholarships.
Other resources seaver.pepperdine.edu/admission/outsidescholarships
OFFICE OF FINANCIAL ASSISTANCE
24255 Pacific Coast Highway, Malibu, CA 90263
+1 310.506.4301 (International)
SEAVER COLLEGE, PEPPERDINE UNIVERSITY