FI NANCIAL AID GU I D E graduate
Pepperdine Graziadio is dedicated to providing our students with the funding solutions for their degree. We extend financial aid through the merit scholarships, need-based grants and student loans to meet the various needs and circumstances of our students. MERIT SCHOLARSHIPS Available to admitted students based on their admission application and do not require a separate application for consideration. You will receive notice within one week of admission if you are receiving any merit-based awards.
ADDITIONAL FUNDING OPTIONS
1
FEDERAL LOANS* Federal Unsubsidized Direct Loan + Limit of $20,500 per year + 6.08% fixed interest rate (2019-20) and 1.062% origination fee
Federal Graduate PLUS Loan + May borrow up to the cost of education minus other forms of financial aid + 7.08% fixed interest rate (2019-20) and 4.248% origination fee + Credit approval required
FAFSA application is required (www.fafsa.gov - School Code: 001264). First-time borrowers will need to complete entrance counseling and a Master Promissory Note (MPN) for each federal loan at www.studentaid.gov. Students who are wishing to obtain a Graduate PLUS Loan must also apply at www.studentaid.gov.
2
PRIVATE LOANS Available to U.S. citizens, permanent residents, and international students. Please note: + The interest rate varies by lenders and your credit score + Eligibility depends on borrower’s credit and income to debt ratio (it is better to apply while still employed)
FEDERAL VERSUS PRIVATE LOANS FEDERAL LOANS
PRIVATE LOANS
+ Fixed interest rate + Flexible payment plans + Origination fees
+ + + +
CONTACT: PGBSfinancialaid@pepperdine.edu (310) 568-5530
FOR MORE INFORMATION: bschool.pepperdine.edu/financialaid
*Available for U.S. citizens and permanent residents only
Low-interest rates for borrowers with good credit (variable rates) No origination fees Repayment options are not as flexible as federal loans No loan forgiveness options