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Loans

Federal Loans

Federally insured loan programs are administered by the Office of Financial Aid. Financial aid from federal, state and institutional resources should be considered as supplemental to personal resources and not as primary resources.

A student must submit a Free Application for Federal Student Aid (FAFSA) to the Federal Student Aid Programs to determine financial need and apply for loans. The Federal Title IV School Code for Pepperdine University is 001264.

Direct Loans 

Pepperdine University began processing Federal Subsidized, Unsubsidized, and Graduate PLUS loans through the Federal Direct Loan Program beginning with the 2010-2011 academic year (Fall 2010).   Direct Loans are borrowed and serviced directly through the federal government, rather than private lenders, which means that student borrowers do NOT have to select a lender/bank/credit union (loans borrowed prior to 2010-2011 will remain with their lenders).

For specific information, instructions, and FAQ's about the Direct Loan program.

Additional Loan Information

  Federal Direct Loan Unsubsidized

Graduate students may borrow a maximum amount of $20,500 of Federal Direct Unsubsidized Loans per academic year, with a maximum aggregate total of $138,500 for all undergraduate and graduate loans of which a maximum of $65,500 is in subsidized loans. If enrolled in an eligible program at least half time.

These loans must be coordinated with other aid and cannot exceed the total annual education costs.

With an unsubsidized loan, the student will be responsible for paying the interest that accrues during school, grace, and deferment periods. The student is not required to pay the interest while in school. If the student chooses not to make interest payments while in school, the interest will be "capitalized," which means that the lender will add the accrued interest to the principal balance of the loan. Future payments will be based on both the principal (original amount borrowed) plus any capitalized interest.

Federal Law requires both entrance and exit counseling for this loan.

  Federal Direct Graduate Plus Loan

The Grad PLUS loan is a federal loan designed to assist graduate and professional students who are United States citizens or eligible non-citizens. Students may borrow the amount equal to the Cost of Attendance less all other financial aid. Students that are enrolled at least half-time are eligible for an in-school deferment on the principal balance of the loan. The Grad PLUS loan is credit based, but the government does not factor debt-to-income ratio; therefore, more students may be approved for the Grad PLUS loan as opposed to private loans. The Grad PLUS loan has the same repayment, deferment, forbearance and cancellation provisions as the Federal Stafford loan program. The Grad PLUS loan may be consolidated with other federal loans.

  Alternative Loans

Pepperdine University also offers credit based loans to students to finance their education . These loans are available for students who either have no credit history or good credit. A student may borrow up to the cost of education, minus other financial aid. International students are now eligible for credit based loans under certain conditions. There are a limited number of lenders offering these types of loans. Before applying for an alternative loan, students should consider all of their financing options such as personal resources, Federal Work-study, Federal Stafford and Grad PLUS loans, if eligible.

  Terms & Conditions

By accepting the financial aid package and/or enrolling in classes offered by Pepperdine University School of Public Policy, the student agrees to comply with the terms and conditions listed.

  Loan Calculator  

If you are in need of additional financing to pay for your education, use this simple loan calculator tool to determine the correct loan amount for your studies at the School of Public Policy.  

Please be advised that graduate students must be enrolled in a minimum of three (3) units to be eligible for student loans.

  Verification Forms and Loan-Related Links

Students applying for the Free Application for Federal Student Aid (FAFSA) should consult the appropriate verification forms and related links below.