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 www.fafsa.gov. 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.
Federal Loans
To apply for financial assistance through the federal government, you will need to be a US citizen or a Permanent Resident (green card holder). More information can be found by visiting Federal Student Aid - Eligibility for Non-U.S. Citizens. Note: DACA and F-1 Visa students are not eligible for federal student aid at the graduate level.
Financial aid applications must be submitted by returning students by May 1 of each year and by prospective students immediately upon application for admission to the University. Financial aid from federal loans should be considered as supplemental to personal resources and not as primary resources.
| No credit check required | Requires credit approval |
| Six months of grace period | |
| Federal Direct Subsidized 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
Private Loans
Students may freely choose to borrow from any lender of your choice. Pepperdine's School of Speech-Language Pathology does not have any preferred lender arrangements.