Facebook pixel Undergraduate Financial Aid FAQ | Pepperdine Graziadio Business School Skip to main content
Pepperdine | Graziadio Business School

Financial Aid FAQ for Undergraduates

General Questions

Q. Do I have to file loans every year? When are the deadlines?
A. Yes. The deadlines are posted for each year.

Q. What determines what type of loan I will receive?
A. The type and amount of loans is based on financial need. Financial need is computed by determining the educational costs (tuition and fees, room and board, books and supplies, and a personal allowance) less family contribution (based on federal formulas).

Q. What are some of the mistakes people make about financial aid?
A. Four of the most common are:

  • Not applying early enough
  • Not reading the instructions
  • Not fully completing the applications
  • Not using the correct Social Security number

Q. Why does my federal award change each year?
A. At the Graziadio School, eligibility for financial aid is based on federal and institutional estimates of your family's ability to contribute to the cost of education (EFC). Keep in mind that your award is likely to change each year for one or more of the following reasons:

  • The cost of education will go up.
  • Your family's income may change.
  • The number of people in college in your family may change.

Documentation Questions

Q. Once I have filed my Free Application for Federal Student Aid (FAFSA), how do I know it has been processed? How can I verify that the Graziadio School will receive the results?
A. You can verify your FAFSA status by reviewing your Student Aid Report (SAR) at www.fafsa.ed.gov. Make sure that Pepperdine University (school code - 001264) is one of the schools listed. Questions about FAFSA processing can be directed to the Financial Aid Office.

Q. My Student Aid Report (SAR) is not accurate. Do I need to correct it?
A. Yes. Students should process the corrections by going back to the FAFSA webpage. Students may also send an email to the Financial Aid Office.

Q. The Graziadio School isn't listed on my SAR. Is there any way the Graziadio School can request the record?
A. Yes, please go back to your FAFSA and add Pepperdine Title IV school code 001264.

Loan Questions

Q. How much can I borrow?
A. Cost of attendance less any other financial aid (grants, scholarships).

One loan period generally covers two terms and is delivered in two disbursements. Consider origination fees when determining the amount to borrow. Loan disbursements are sent directly to the school via Electronic Funds Transfer (EFT).

Q. How much should I borrow?
A. Please use the Loan Amount Estimator.

Q. What kinds of loans are available?
A. We offer Federal Stafford Loans and Alternative Education Loans.

Q. What is a Stafford Loan?
A. The Federal Stafford Loan is a loan provided and guaranteed by the federal government.

Q. What is the difference between the Subsidized and Unsubsidized Stafford Loans?
A. With the Subsidized Stafford, the interest is paid by the government while you are in school. The interest on the Unsubsidized Stafford is not paid by the government while you are in school. You have the option of paying the interest or deferring it on the Unsubsidized Stafford until after you graduate, at which time the accrued interest it will be added to the principal of the loan.

Q. How much should I borrow so that I know I can afford to pay it back?
A. Planning ahead is essential to managing debt. If you plan to borrow each year you are in school, estimate the total amount you will borrow. Then use a sample loan repayment table to calculate how much you will have to pay each month. To decide how much to borrow, you can use the criteria lenders use when they consider an applicant's ability to repay: The total monthly payment for all student loan debts should not exceed 8% of your gross monthly salary.

Q. What happens to my financial aid if I drop all my classes for the term?
A. Withdrawal from all classes on or prior to completing 60% of the term may result in losing eligibility to keep the full amount of the disbursed federal funds. The Graziadio School returns unearned Title IV funds (Direct Stafford Loan Program, Federal Perkins Loan Program, Federal Direct PLUS, Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant Program) as stated in Federal Regulations, 34 CFR parts 668, 682, and 685, Return of Title IV Aid. All unearned financial aid funds will be returned and might result in unpaid school charges.  The refund amount is determined by Federal Return of Title IV Funds Program calculations. Any additional information regarding return of federal funds can be obtained from the Financial Aid Office.

Federal Direct Unsubsidized Stafford Loan
Federal Direct Subsidized Stafford Loan
Federal Direct PLUS or Graduate PLUS
Federal Plus Loan
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant

Student who complete more than 60% of the term do not lose eligibility for disbursed federal funds.

The withdrawal date is is the date the student notifies the respective Program Office regarding his or her withdrawal from the trimester or from the University.

Q. Why isn't my loan for the full amount I was awarded?
A. Federal regulations require that schools disburse no more than one-half of the loan for each term of the two-term loan period. The second half of the loan will disbursed at the beginning of the next trimester.

Q. Are there loan fees?
A. Each portion of your loan disbursement will have fees deducted from it. An origination fee goes to the U.S. Department of Education to help offset program costs.

Q. I am applying for a loan for the final trimester of my program. Why can't I get the full amount I have requested?
If students have only one remaining trimester to cover, loans will be prorated based on the number of enrolled units.

Q. How do I repay my loans if my educational or career plans change or something happens to my job after I am out of school?
A. A change in career goals, the loss of a job, or other unexpected changes in your situation could make repaying your loan more difficult than you expected. In some cases, and at the lender's option, you may be permitted to temporarily stop making your payments or your lender may accept smaller payments than scheduled. This is called a forbearance. In addition, for some loans, you may defer repayments temporarily which may help. The promissory note for each loan you borrow outlines the specific terms under which you may be granted a deferment.

Q. What happens if I do not pay back my loan?
A. Not paying back your student loan can have serious consequences. If you go into default, your lender can require you to repay the entire amount immediately, including all interest plus collection and late payment charges. The Internal Revenue Service may withhold your income tax refund and apply it toward your loan. You will not be eligible for any additional federal student aid until you make satisfactory arrangements to repay your loan. Also, the lender will notify credit bureaus of your default. This may adversely affect your credit rating.

Q. If I borrow from more than one loan program, I may have to pay several different lenders at the same time. May I consolidate my payments?
A. If you have borrowed from more than one type of loan program, you may be able to consolidate some of the loans and use one payment plan to repay the loans. In general, federal loans may be consolidated into one new loan at an interest rate of the weighted average of the original interest rates of the loans being consolidated. The length of the extension depends on the total amount of the loans consolidated. Alternative education loans are not eligible for consolidation.