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Financial Aid Application Guide

Financing your education involves a commitment affecting your financial standing. You will be required to make important decisions about student loan borrowing. It is your responsibility to learn how and when to apply for loans. The Graziadio Business School Financial Aid Application Guide below will help you through the application procedure and assist you in meeting important deadlines.

After reviewing this guide, please follow the instructions under "When to Apply."

Information for Graduate Students

When to Apply

New Students: The Federal Application for Federal Student Aid (FAFSA) should be submitted no later than the admission application deadline to assure funds will be available to meet important tuition payment arrangement due dates. We recommend you apply for financial aid as early as possible even though financial aid packages will be not offered until you are officially admitted to the Graziadio Business School.

  • Students applying for Summer 2019 should complete the 2018-2019 FAFSA online.
  • Students applying for the Fall 2019, Spring 2020, and Summer 2020 should complete the 2019-2020 FAFSA online.

Please note: The Financial Aid Office may process aid for a given term no later than two weeks prior to the end of the term. However, important tuition payment arrangement deadlines will be adhered to and should be taken into consideration when applying for financial aid. Please be advised that during our peak period, the financial aid application process can take a few weeks.

Renewal Process: Financial aid is not automatically renewed. New federal and institutional forms must be obtained and submitted each year.

Financial Aid Process

A financial aid application package includes the following:

  • The submitted Free Application for Federal Student Aid (FAFSA) which instructs students to identify the college(s) they have selected to receive their financial aid information by name and by school code. Pepperdine University’s Title IV Federal School Code is 001264.

When completing your FAFSA, it is encouraged to use the IRS Data Retrieval Tool (DRT) to electronically transfer your federal tax information into your FAFSA.

After the FAFSA is submitted, the University will receive your FAFSA record. If your file is selected for a review process called verification, you will be required to submit additional documentation.

Students will be notified of any required additional paperwork. All outstanding documents will be listed on your "To Do" List on Wavenet. Once required documentation has been received, the Financial Aid Office will send you an award notification providing guidance for accepting, reducing, or declining offered awards will be emailed to your Pepperdine email account. If you are a first-time Graziadio School loan borrower, you will be required to complete a Master Promissory Note and Entrance Counseling online at www.studentloans.gov prior to receiving your first federal loan disbursement.


There are eligibility requirements that apply to federal financial aid programs offered at the Graziadio Business School. 

  1. Students must be one of the following:
    1. U.S. citizen or national
    2. U.S. permanent resident
    3. Citizen of certain Pacific Islands (the Freely Associated States)
    4. Other eligible non-citizen
  2. Students must be enrolled at least half time (3 units)
  3. Students are required to maintain satisfactory academic progress (SAP) as mandated in the Graziadio Business School Academic Catalog throughout the financial aid period. The SAP is evaluated at the end of each trimester. If the SAP standard(s) is not met, the student will be placed on financial aid warning status or may be suspended from receiving financial aid. A student suspended from receiving financial aid funds may appeal in writing to the director of student financial services at the Graziadio Business School.
  4. The Graziadio Business School SAP standards, measurements, warning, suspension and appeal information are available for review here.

Students who are not eligible for federal programs may apply for alternative education loans.

Federal Direct Stafford Loan Program

The William D. Ford Federal Direct Loan Program offers two types of loans made by the U.S. Department of Education to be used for education-related expenses: the Federal Unsubsidized Stafford Loan and the Federal Graduate PLUS Loan.

The Federal Direct Unsubsidized Stafford Loan is not interest-free at any time. However, payments may be deferred while the student is enrolled at least half time, during the grace period and during authorized periods of deferment.

If the interest payments are deferred, the interest will continue to accrue and will be added (capitalized) to the principal balance upon repayment.

For information about the up-front origination fee  and  the Stafford Loan interest rate visit https://studentaid.ed.gov/.

Federal Graduate PLUS Program

Graduate PLUS is a credit-based loan and  has no aggregate limit. This loan is available to graduate/professional students only. The annual amount of the Graduate PLUS loan cannot exceed the difference between the annual cost of attendance and other financial aid.

For information about the up-front origination fee and the Graduate PLUS Loan interest rate visit https://studentaid.ed.gov/.

Alternative Education Loans

Alternative loans are non-federal private student loans available from a variety of national lending institutions. Private student loans may be used by students who are not eligible to receive federal aid or as a supplement to federal loans. You have the right to borrow from the lender of your choice. The Graziadio Business School does not have any preferred lender arrangements. To review the terms and conditions for private loans offered by some lenders used by Graziadio Business School students in the last three years, click here.

Private student loans are credit-based. Therefore, if you plan to apply for a private loan, we recommend you obtain a credit report. Effective December 2004, all consumers may receive one free copy of their credit report annually. To request a credit report, access the following websites:

Most of the lenders offer better terms for private student education loans with a cosigner.

The loan limit for a three-term loan period is equal to the cost of attendance minus any other financial aid.

For more information about private student loans, contact the Graziadio Business School Financial Aid Office.

Federal Student Aid ID (FSA ID)

An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites including the FAFSA. Your FSA ID is used to electronically sign your FAFSA and Master Promissory Notes. To register for your FSA ID go to https://fsaid.ed.gov/npas/index.htm

Please contact the Graziadio Business School Financial Aid Office prior to making any corrections other than an address change.

Tips for Loan Borrowers

  • Review your tuition charges and other educational expenses prior to borrowing.
  • Consider the origination fee when estimating the amount to borrow.
  • Remember that generally each loan covers three consecutive trimesters and will be delivered in three equal disbursements.
  • Meet important tuition payment arrangement due dates; complete your financial aid paperwork required on your “To Do” list to assure funds will be available and avoid late charges.
  • Remain enrolled at least half time to be eligible to receive federal student loans.
  • Check your Pepperdine email since all financial aid related communication will be sent to your Pepperdine email address.
  • Check your “To Do” list on WaveNet to ensure timely delivery of your student loans.
  • Read all messages displayed on the Accept/Decline Awards page on WaveNet prior to accepting offered awards.
  • Complete your online Unsubsidized Direct Loan entrance loan counseling for graduate students at studentloans.gov
  • Complete your online Graduate PLUS Direct Loan Master Promissory Note (MPN) at studentloans.gov
  • Email your loan adjustment requests (increase, reduce or cancel) from your Pepperdine email to the Financial Aid Office at PGBSfinancialaid@pepperdine.edu. You may cancel your loans within 14 days after receipt of the notice that your account was credited by student loans.
  • Review your federal loan history at nslds.ed.gov/nslds/nslds_SA.