Frequently Asked Questions
Do I have to apply for loans every year? When are the deadlines?
Yes. The deadlines are posted each year in the Financial Aid Guide.
What are the common mistakes students make while applying for financial aid?
Some of the common mistakes are made while completing the FAFSA
- Not applying early enough
- Not reading the instructions
- Not using the legal name as shown on the Social Security Card
- Not using the correct Social Security number
- Not submitting the FAFSA application upon completion
Once I have filed my Free Application for Federal Student Aid ( FAFSA), how do I know it has been processed and the Graziadio School will receive the results?
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 in Section H. Questions about FAFSA processing can be directed to the Federal Student Aid Information Center at (800) 433-3243.
How can I correct my Student Aid Report (SAR)?
Students can correct the FAFSA information at www.fafsa.gov. To ensure that the updated information is received, contact the financial aid office.
How much can I borrow?
Cost of attendance less any other financial aid (grants, scholarships).
One loan period generally covers three terms and is delivered in three equal disbursements. Consider loan origination fees when estimating the amount to borrow. Loan disbursements are sent directly to the school via Electronic Funds Transfer (EFT).
How much should I borrow?
Students are encouraged to use the Loan Amount Estimator to determine the loan amount to borrow.
What kind of loans are available?
Federal Stafford Loans, Federal Graduate PLUS loan and Alternative Education Loans.
What is EFT?
EFT, Electronic Funds Transfer, used by lenders to transfer loan proceeds to schools.
Why is the disbursed loan amount less than the amount awarded and accepted?
Federal loans covering multiple trimesters are disbursed in equal disbursements. Origination fees are deducted from the loan prior to each disbursement.
What are my loan repayment options?
You may learn about your repayment options by visiting the Department of Education website.
What happens to my financial aid if I drop all my classes for the trimester?
You may lose eligibility for the awarded aid if you withdraw from all classes for the trimester. Students are encouraged to contact the Financial Aid Office prior to initiating the term withdrawal process.The withdrawal date is critical factor in establishing eligibilty for financial aid and is defined as the date the student notifies the respective Program Office regarding his/her withdrawal from the trimester or from the University. Students who complete more than 60% of the trimester do not lose eligibility for disbursed federal funds.