Federal Aid and Loans
Students are encouraged to submit the Free Application for Federal Student Aid (FAFSA) to be considered for federal loans, and may freely choose to borrow from any lender of your choice.
You can complete the FAFSA online at https://studentaid.gov/h/apply-for-aid/fafsa. Pepperdine University's school code is 001264. We recommend you to submit FAFSA as soon as possible if you plan to use financial aid to pay for your education. For an easy step-by-step guide on how to complete the FAFSA, click here.
Undergraduate Students
Federal Grants (FAFSA required)
| Federal Pell Grant | Federal SEOG (Supplemental Educational Opportunity Grant) |
|---|---|
| Need-based for undergraduate students | Awarded to students with exceptional financial need |
| Amount varies between $370-$3,698 per term for the 2024-25 school year | Must be eligible for Pell Grant to qualify |
For detailed information, please visit Federal Student Aid–Grants
Cal Grant (FAFSA and GPA Verification required)
| Cal Grant A | Cal Grant B |
|---|---|
| Minimum GPA of 3.0 or above | Minimum GPA of 2.0 or above |
| May be eligible for tuition grant up to $4,679 per term | May be eligible for tuition grant up to $4,679 per term |
| May be eligible for a living stipend up to 3,000 per term |
- FAFSA and GPA Verification Form must be submitted by March 2
- Must maintain at least half-time enrollment
- For detailed information, please visit the California Student Aid Commission
Federal Loans
| Interest will not accumulate while attending school for at least half-time (6 units) | Interest will accumulate as soon as the fund is disbursed | Borrower is the parent, not the student |
| No prepayment penalties | No prepayment penalties | No prepayment penalties |
| Federal Direct Subsidized Loan | Federal Direct Unsubsidized Loan | Federal Direct Parent PLUS Loan (Dependent student only) |
|---|---|---|
| 6.533% fixed interest rate for 2024-25 | 6.533% fixed interest rate for 2024-25 | 9.083% fixed interest rate for 2024-25 |
| 1.057% origination fee (will change every Oct. 1st) | 1.057% origination fee (will change every Oct. 1st) | 4.228% origination fee (will change every Oct. 1st) |
| May be eligible up to $2,750 per term | May be eligible up to $1,000 per term for dependent students and $3,500 per term for independent students | May borrow up to the cost of attendance minus other financial aid |
For detailed information, please visit Federal Student Aid - Loans
Private Loans
Students may freely choose to borrow from any lender of their choice. Pepperdine's School of Nursing does not have any preferred lender arrangements.
Graduate Students
Federal Loans*
| No credit check required | Requires credit approval |
| Six months of grace period | |
| Federal Direct Unsubsidized Loan | Federal Direct Grad PLUS Loan |
|---|---|
| 8.083% fixed interest rate for 2024-25 | 9.083% fixed interest rate for 2024-25 |
| 1.057% origination fee (will change every Oct. 1st) | 4.228% origination fee (will change every Oct. 1st) |
| Annual loan limit of $20,500 | May borrow up to the cost of attendance minus other financial aid |
- Repayment begins six months after the student graduates or drops below half-time enrollment (below 3 units)
- Various repayment terms
- Various repayment options: income-based, income-contingent, pay as you earn
- Public Service Loan Forgiveness Program
- No prepayment penalty
- For detailed information, please visit Federal Student Aid - Loans
*Must be a U.S. citizen or permanent resident
Private Loans
Students may freely choose to borrow from any lender of your choice. Pepperdine's School of Nursing does not have any preferred lender arrangements.