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    Pepperdine University
   
 
  Aug 22, 2017
 
 
    
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2014-2015 Graziadio Academic Catalog [ARCHIVED CATALOG]

Financial Information



Only a portion of the cost of the student’s education is covered by tuition and fees. Because Pepperdine University is a private, independent institution receiving no operating support from public funds, gifts from concerned friends, grants from supporting foundations, and income from endowments provide both operational and capital funds not provided by student charges.

Current Charges

The following charges are for the academic year beginning August 2014. The University may adjust these rates at any time before charges are incurred by the student. Charges may be expected to increase on an annual basis as higher education continues to experience cost increases.

Application for Admission or Readmission (Nonrefundable)

BSM $45  
Fully Employed Programs $75  
Full-Time Programs $100  
MSOD $100  
Executive MBA and PKE MBA $100  
MAT Test Fee $60  

New Student Enrollment Confirmation Deposit (Nonrefundable, credited toward tuition and charges upon enrollment)

Executive MBA and PKE MBA $2,000  
MSOD $1,400  

Tuition and Fees

BSM (per unit) $1,165  
Fully Employed Programs (per unit) $1,564  
Full-Time Programs (flat rate per trimester, 10-18 units)1 $22,405  
Prepaid First Trimester Full-Time MS Program Tuition (nonrefundable after June 1) $20,165  
PKE MBA (flat rate per trimester, 10-14 units)2 $33,800  
Executive MBA (flat rate per trimester, 7-12 units)3 $23,755  
MSOD (flat rate per trimester, 4-8 units)4 $11,995  
Communication Workshop Room and Board Fee- Full-Time Programs (nonrefundable) $1,000  
Full-Time Graduate Business Programs SPLASH Fee5 $100  
Malibu Graduate Business Society Activity Fee, per trimester (nonrefundable)6 $40  
MSOD Nonresident Fee $400  
Full-Time English Communication Skills Course7 $700  

Room and Board Charges

Apartment Reservation Prepayment (nonrefundable)8 $500  
Drescher Graduate Campus Apartment Complex9    
  Single Room in Four-Bedroom Apartment (per trimester) $6,825  

Other Charges (Nonrefundable)

Late Registration Fee $150  
Withdrawal Fee $150  
Auditing Fee, per class $100  
Transcript Fee, per copy $5  
Two-Payment Option Service Charge, per trimester $25  
Three-Payment Option Service Charge, per trimester $50  
Late Company Reimbursement Payment Fee (nonrefundable)10 $50  
Finance Charge (per day)11 .027%  
Returned Check Charge $25  
Overpayment Refund Fee $50  

Notes:

  1. Full-Time Programs: Includes 10-18 units of tuition per trimester. Per unit rate of $1,600 applies to fewer than 10 units or more than 18 units. Full-Time Programs students who are enrolled in 10-18 units and subsequently drop below 10 units will have the new unit load calculated at the rate of $1,600 per unit.
  2. PKE MBA: Includes 10-14 units of tuition per trimester. Per unit rate of $2,710 applies to fewer than 10 units or more than 14 units.
  3. Executive MBA: Includes 7-12 units of tuition per trimester. Per unit rate of $2,376 applies to fewer than 7 units or more than 12 units.
  4. MSOD: Includes 4-8 units of tuition. Per unit rate of $1,800 applies to fewer than 4 units or more than 8 units.
  5. Required for all international students who do not speak English as a first language and who have not completed an undergraduate degree in the United States.
  6. Subject to change by referendum; applicable to all Full-Time Programs students.
  7. GSBM 550  is required for students who need additional business English preparation.
  8. Required with each housing contract entered into by all new and returning students to reserve apartment space; credited to apartment charges upon occupancy.
  9. The Drescher Graduate Campus Apartment Complex is located on the Malibu campus. The apartments have four bedrooms and house four students.
  10. Liquidated damages pursuant to Cal. Civ. Code §1671-b; charged when the company reimbursement payment deadline is missed.
  11. Liquidated damages pursuant to Cal. Civ. Code §1671-b; assessed at .027 percent per day and calculated against all delinquent balances. The imposition of such a finance charge does not constitute an agreement to forebear collection of the delinquent account.

Payment Policies

The student is responsible for the payment of any outstanding balance on his or her account. All tuition charges are due by the first day after the add/ drop period of the term unless the student is eligible for, and has chosen one of the installment payment options listed in the section titled “Payment Options.” Registration and confirmation of class assignments are not complete until financial clearance is received, indicating full or partial payment in accordance with the payment policies described below.

Forms of Payment

The University will accept the following forms of payment in addition to financial aid and loans toward a student account balance: cash or checks drawn on a U.S. bank in U.S. dollars and wire payments (contact the Office of Student Accounts for information about where to send payment).

Electronic check (eCheck) payments may be made online through WaveNet by accessing the “Make A Payment” tab located on the Student Center. There is no service fee for an eCheck payment.

Paper checks should be made payable to Pepperdine University and must include the student’s name and University-issued ID number. These checks may be taken to the Office of Student Accounts (located at the West Los Angeles campus) or mailed directly to the University:

Pepperdine University
Office of Student Accounts
24255 Pacific Coast Highway
Malibu, California 90263-7999

A fee will be assessed for each returned check. Repeated occurrences of returned checks will necessitate that future payments be made in cash or by cashier’s check.

In the event that the student fails to attend class or leaves the University for any reason, the student must formally withdraw through the Program Office. Failure to complete this withdrawal process will result in continued obligation for tuition and other charges.

Changes in Amounts Due

If the student incurs additional charges through the adding of classes or through other adjustments, the resulting additional balance due must be paid immediately or in accordance with the University payment policies.

Penalties on Delinquent Balances

The online student account serves as the official student “bill.” The account will be updated automatically with every charge or credit posted to the student account. The amount due will be available by viewing the student account online through WaveNet and will reflect the charges, credits, amounts due, and specific due dates for each. Students are responsible for viewing their student account online, for noting their account balance due, and for making the appropriate arrangements so that the Office of Student Accounts receives payment by the due date. Finance charges will accrue daily on any past due amounts. Credits or payments will apply first to this penalty and then to the principal.

Payment Terms

Tuition payment or tuition payment arrangements for each trimester should be made prior to the first due date.

Executive MBA and PKE Programs Deposit Payment Terms

Within 10 days of the student’s acceptance, a $2,000 nonrefundable deposit must be submitted to guarantee the right to register. This deposit will be credited toward the tuition for the first term upon enrollment. Tuition for each trimester is charged at the flat rate indicated under the “Current Charges” section of this catalog.

MSOD Program Deposit Payment Terms

Within 15 days of the student’s acceptance, a $1,400 nonrefundable deposit must be submitted to guarantee the right to register. This deposit will be credited toward the tuition for the first term upon enrollment. Tuition for each trimester is charged at the flat rate indicated under the “Current Charges” section of this catalog. 

Payment Options

The University offers several payment options for students to pay their tuition, room, and board charges.

Simple Payment Option

The balance of the student’s account is due in full by the first day after the add/drop period for each trimester.

Installment Payment Options
(Two-Payment Option or Three-Payment Option)

Students whose accounts have not previously been in default will be permitted to pay the charges for tuition, room, and board (when applicable), after deduction of any financial assistance and/or company reimbursement deferred amounts, in installments as described in this section.

Finance charges will be applicable to each installment payment that is not received by the University by the due date. The privilege of using one of the installment payment options may be revoked upon any installment payment becoming delinquent.

Students who do not comply with payment policies or whose account has previously been subject to collection will be required to pay all charges upon future registrations and advanced registrations.

Two-Payment Option

Tuition, after deduction of any financial assistance, is divided into two equal installments to be paid according to the following schedule. All other charges are due on or before the due date listed on the student’s online account. A nonrefundable service charge per trimester will be added to the student’s account and is due with the first payment.

Two-Payment Option Payment Due Dates

For Fall, Spring, and Summer Terms
First Installment Due: on the first day after the add/drop period for the term.
Second Installment Due: 30 days from the first installment payment due date.

Three-Payment Option

Tuition, after deduction of any financial assistance, is divided into three equal installments to be paid according to the following schedule. All other charges are due on or before the due date listed on the student’s online account. A nonrefundable service charge per trimester will be added to the student’s account and is due with the first payment.

Three-Payment Option Payment Due Dates

For Fall, Spring, and Summer Terms
First Installment Due: on the first day after the add/drop period for the term.
Second Installment Due: 30 days from the first installment payment due date.
Third Installment Due: 30 days from the second installment payment due date.

Company Reimbursement Payment Option

The University will allow payment deferment for students receiving tuition reimbursement from their companies. Deferment of tuition charges and fees due to company reimbursement does not create excess funds. Funds cannot be released until all institutional charges are paid. The student is responsible for payment to the University of the deferred amount by the due date. Payment must be received by the Office of Student Accounts on or before the due dates to avoid a nonrefundable $50 late payment fee and finance charges at .027 percent per day on any unpaid balance. Missing a deadline may revoke the privilege of using the Company Reimbursement Payment Option at future registrations. To qualify for this payment option, the student must fill out and return the Company Reimbursement form to the Office of Student Accounts. This form must be received at least two weeks prior to the beginning of the term to ensure that it is processed prior to the first payment due date and finance charges do not accrue on the student account. The Company Reimbursement form may be obtained by contacting the Office of Student Accounts or downloading it from the Internet at http://community.pepperdine.edu/graziadio/studentaccounts/reimburse/ 

The Company Reimbursement form must be renewed annually by submitting a new form to the Office of Student Accounts prior to January 1 each year. A new form is also required if the student changes place of employment, experiences a change in company policy, withdraws, or does not enroll for a trimester.

Students may not use the Company Reimbursement Payment Option if they are the owners of or majority stockholders in the companies from which they seek reimbursement.

If the company reimburses less than 100 percent of the total tuition, the student must pay the remaining balance, or the portion not eligible for deferment, by the payment due date.

Regardless of the company agreement, the student is ultimately responsible for payment of all charges incurred. All fees, including but not limited to tuition, late fees, finance charges, etc., must be paid by the assigned due dates. The student should make arrangements that assure ultimate payment of all charges each trimester.

Students receiving or applying for financial aid are not eligible for company reimbursement deferment.

Company Reimbursement Payment Option Payment Due Dates

Fall Spring Summer
January 15 May 15 September 15

Overpayment Refund

Payments in excess of the amounts due the University may be rejected and returned to the payer. Students are responsible for accurate and timely payments. Any overpayment amounts accepted by the University may be refunded at the end of the term with the student’s written request. A $50 processing fee will be deducted from the amount of the refund.

Financial Assistance

To assure the availability of financial aid, the student should contact the Graziadio School Financial Aid Office during the admission process, prior to registration. The Financial Aid Office is located at the West Los Angeles Graduate Campus.

Applications for financial aid should be submitted well in advance to ensure timely delivery of financial aid funds. This is particularly critical during peak periods when the application processing may take a few weeks. If the student plans to rely on federal or private credit-based loans, the loans must be secured prior to the term start date. A pending financial aid application does not justify deferral of payment. Regardless of the loan status, the student is ultimately responsible for payment of all charges incurred. The student should make arrangements, each trimester, to ensure that all charges are paid in full.

Additional information concerning financial aid may be found in the “Financial Aid ” section of this catalog or online at bschool.pepperdine.edu/financialaid.

Refund Policies

University operating expenses and student charges are planned on an annual basis. The refund policies have been established in recognition of both the University’s advance commitment to operating expenses and a spirit of fairness for students who find it necessary to discontinue the use of University services. The policies for dismissal and suspension are the same as for voluntary withdrawal.

Tuition

Consideration for refund of tuition requires written notice from the student to the Office of Student Information and Services (Registrar’s Office) or the Program Office of the student’s intention to drop a course or withdraw from the University. The date the student submits official written notification of withdrawal with the Office of Student Information and Services or the Program Office or the date this notice is postmarked is the effective date for determining the refund amount according to the schedule below.

Students may drop classes without tuition penalty during the add/drop period only; however, as of the official first day of the trimester, if all classes are dropped, a charge of $150 is assessed. Students withdrawing from courses after the add/drop period are subject to the partial refund policies listed below. Specific dates are contained in the registration materials for each term. Because the format of courses in some of the programs offered by the school varies considerably from the schedule published, a separate refund schedule has been established. Students in these programs should consult their orientation materials for this information.

This refund schedule will be applied to the maximum number of units in which a student was enrolled if the student withdraws or is dismissed at any time during the trimester. Tuition for classes not meeting on a regular trimester schedule will be refunded in the same proportion as the class time is to the total class time for a regular trimester.

Through the add/drop period 100% less $150  
Through the third week* of the trimester 75%  
Through the fourth week* of the trimester 50%  
Through the eighth week* of the trimester 25%  
After the eighth week* of the trimester 0  

*A week is a calendar week in which any Graziadio School class is scheduled.

Full-Time Programs Refund Policy

Full-time programs students who are enrolled in 10-18 units and subsequently drop below 10 units will have the new unit load calculated at the rate of $1,600 per unit. The difference between this new amount and the original flat rate will be refunded in accordance with the percentage refund schedule. Students who drop units within the flat rate range (10-18) are not eligible for a refund. The prepaid first trimester Full-Time MS Program tuition is non refundable after the July 1 deadline and is not subject to the standard refund calculation policies described in the “Refund Policies” section of this catalog.

Fees

Most fees are nonrefundable; however, if a student drops a course that includes a workshop, the student will not be charged the workshop fee unless the workshop was attended.

Return of Federal Funds

Withdrawal from all classes or failure to complete all registered courses during a trimester may result in loss of eligibility for the full amount of disbursed federal funds. The withdrawal date is the date the student officially notifies the respective Program Office regarding his or her withdrawal from the trimester or from the University. All unearned financial aid funds will be returned and might result in unpaid school charges. The Graziadio School returns unearned federal Title IV funds (Federal Direct Loan Program, Federal Pell Grant Program, and Federal Supplemental Educational Opportunity Grant Program) as stated in Federal Regulations, 34 CFR parts 668, 682, and 685.

Federal funds are returned in the following order: Federal Direct Unsubsidized Stafford, Federal Direct Subsidized Stafford, Federal Perkins Loan, Federal Direct PLUS and Graduate PLUS loans, Federal Pell Grant, and Federal Supplemental Educational Opportunity Grant. Additional information regarding return of financial aid funds may be obtained from the Office of Student Financial Services.

Refunds

Credit balances resulting only from financial aid will be processed automatically after the add/drop period ends. Refunds will be issued through direct deposit, which means the funds will be sent directly to a bank account (determined by the student) once the refund is processed. Students will be required to sign up online with their bank information. Students who do not sign up for direct deposit will be issued a check that will be mailed to the student’s local address.

To receive a refund for any other nonfinancial aid-related credit balance remaining on the student’s account after all charges and credits have been processed, the student must make a request for a refund, either in writing or through a Pepperdine e-mail account, to the Office of Student Accounts.

Refund payments of credit balances will not be made until funds have cleared the bank and are showing on the student’s account; this includes credits from loan funds, checks, and dropped courses. If the credit includes a payment by check, there is a 10-day waiting period before the funds may be returned.

Students should consult with the Financial Aid Office and the Office of Student Information and Services (Registrar’s Office) concerning the effect of withdrawal or change in course load on financial aid or veterans’ benefits. All charges owed must be paid at the time of withdrawal or dismissal. Students receiving financial assistance may be required to return a portion of financial aid proceeds as determined by the date of withdrawal or change in course load.

Security Interest in Student Records

A student may not receive any diploma, certificate, or transcript until all accounts, current or otherwise, have been settled in accordance with University policies described above. Such documents will be retained by Pepperdine University as security for such obligations until they are satisfied.

If a student defaults on payment of a student loan and/or student account balance, all records will be held until the student either brings the loan to current status or pays off the account balance. Every student with a loan must complete an exit interview with the Financial Aid Office before any records will be released. Each student also agrees to pay all costs of collection upon default, including, but not limited to, collection agency fees, attorney fees, and location searches.