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 2019. The University may adjust these rates at any time before the student incurs charges. Charges may be expected to increase on an annual basis as higher education continues to experience cost increases.

Application for Admission (Nonrefundable)

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

Tuition and Fees

Room and Board Charges

Other Charges (Nonrefundable)

Notes:

1. Full-Time MBA Programs: Includes 10-18 units of tuition per trimester. Per unit rate of $1,815 applies to enrollment in fewer than 10 units or more than 18 units. Full-Time MBA Program 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 $1,815 per unit.
2. Full-Time MS in Applied Finance and MS in Business Analytics: Includes 10-18 units of tuition per trimester. Per unit rate of $1,960 applies to enrollment in fewer than 10 units or more than 18 units. Full-Time MS in Applied Finance and MS in Business Analytics 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 $1,960 per unit.
3. Full-Time MS in Global Business: Includes 10-18 units of tuition per trimester. Per unit rate of $2,015 applies to enrollment in fewer than 10 units or more than 18 units. Full-Time MS in Global Business 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 $2,015 per unit.
4. Full-Time MS in Human Resources: Includes 10-18 units of tuition per trimester. Per unit rate of $1,895 applies to enrollment in fewer than 10 units or more than 18 units. Full-Time MS in Human Resources 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 $1,895 per unit.
5. Full-Time MS in Real Estate: Includes 10-18 units of tuition per trimester. Per unit rate of $2,115 applies to enrollment in fewer than 10 units or more than 18 units. Full-Time MS in Real Estate 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 $2,115 per unit.
6. PKE MBA: Includes 8-13 units of tuition per trimester. Per unit rate of $3,985 applies to enrollment in fewer than 8 units or more than 13 units.
7. Executive MBA: Includes 7-12 units of tuition per trimester. Per unit rate of $3,070 applies to enrollment in fewer than 7 units or more than 12 units.
8. MS in Organization Development: Includes 6-10 units of tuition per trimester. Per unit rate of $2,125 applies to enrollment in fewer than 6 units or more than 10 units.
9. Executive DBA: Includes 5-8 units of tuition per trimester. Per unit rate of $3,030 applies to enrollment in fewer than 5 units or more than 8 units.
10. Subject to change by referendum; applicable to all Full-Time Programs students.
11. Required with each housing contract entered into by all new and returning students to reserve apartment space; credited to apartment charges upon occupancy.
12. The Drescher Graduate Campus Apartment Complex is located on the Malibu campus. The apartments have four bedrooms and house four students.
13. Liquidated damages pursuant to Cal. Civ. Code §1671-b; charged when the company reimbursement payment deadline is missed.
14. 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

Students are responsible for the payment of any outstanding balance on his or her account. All tuition, fees, and room and board charges (when applicable) are due by the first business 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.” Specific payment due dates are listed on the student’s online account. Students who register after the due date are required to pay at the time of registration.  Registration is not completed until all charges paid in full or satisfactory payment arrangements are made in accordance with the payment policies described below.

Students who fail to attend class or who leave the University for any reason must formally withdraw through the Program Office.  Failure to complete this withdrawal process will result in continued financial obligation for tuition and other charges.

Billing

The online student account serves as the official student “bill.” Hard copy account statements are not generated. The account will be updated automatically with every charge/credit posted to the student account. Students can view their account information including charges/payment amounts and due dates in WaveNet, on the Student Center. Students are responsible for monitoring their student account online and making the appropriate payment arrangements to meet  the payment due date(s).

In compliance with FERPA (Family Education Rights and Privacy Act) students who wish to grant access to their student account information to third parties (spouse, parents, other third party) must complete the Guest Access link in WaveNet on the Student Center.

Forms of Payment

The University will accept the following forms of payment in addition to financial aid and loans: cash, cashier’s check, money order or checks drawn from a U.S. bank in U.S. dollars and wire payments (contact the Student Accounts Office for information regarding payment and delivery options).  The University does not accept credit cards/debit cards for payment of tuition and fees.

Electronic check (eCheck) payments may be made online through WaveNet by accessing the “Make A Payment Online” 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 Student Accounts Office (located at the West Los Angeles campus 4th floor) or mailed directly to:

Pepperdine University
Graziadio Business School
Attn: Student Accounts Office
6100 Center Drive 4th Floor
Los Angeles, California 90045

A fee will be assessed for each returned check. Repeated occurrences of returned checks will necessitate all future payments to be made in cash, cashier’s check or wire transfer.

Changes in Amounts Due

If the student adds a class(es), the additional balance generated by new charges, the charges must be paid at the time of the change 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 student account online reflects the charges, credits, amount due and due dates and can be viewed through WaveNet on the Student Center. Students are responsible for reviewing their student account online and for making appropriate payment arrangements to ensure the payment is received by the Student Accounts Office by the payment due date. Finance charges will accrue daily at 0.027% on any past due amounts.

Payment Terms

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

Executive MBA and PKE Programs Deposit Payment Terms

The $2,000 nonrefundable deposit must be submitted within 10 days of the student’s acceptance to guarantee the right to register. This deposit will be credited toward 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

The $1,400 nonrefundable deposit must be submitted within 15 days of the student’s acceptance to guarantee the right to register. This deposit will be credited toward 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.

Executive DBA Program Deposit Payment Terms

The $5,000 nonrefundable deposit must be submitted within 15 days of the student’s acceptance to guarantee the right to register. This deposit will be credited toward 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.

Fully Employed Online and On Ground Undergraduate and Graduate Programs Deposit Payment Terms

The $250 nonrefundable deposit must be submitted within 15 days of the student’s acceptance to guarantee the right to register. This deposit will be credited toward tuition for the first term upon enrollment. Tuition for each trimester is charged at the rates 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 business day after the add/drop period for each trimester.

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

A student may choose a payment option online through his/her WaveNet account by selecting the “Payment Plan” tab on the Student Center page. Students whose accounts have not previously been in default will be permitted to pay the charges (tuition, room/board when applicable) in installments as described in this section. The outstanding charges are calculated after deduction of any financial assistance.

Finance charges will be applicable to each installment payment that is not received by the University by the payment due date. Finance charges will accrue daily on all past due amounts. 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 are required to pay all charges prior to registration.

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 $25 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 business 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 $50 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 business 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

For students reimbursed for tuition by their employers, the University will allow a deferral of payment after deduction of any financial aid funds assistance.  All financial aid funds are applied to tuition charges and fees first.  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.  If financial aid funds do not cover full tuition, the remaining balance can be deferred under the company reimbursement payment plan.  The student is responsible for payment to the University of the deferred amount by the due dates listed below.  Payment must be received by the Student Accounts Office on or before the due dates to avoid a nonrefundable $50 late payment fee and finance charges at 0.027% per day on any unpaid balance.

Missing a deadline may revoke the privilege of using the Company Reimbursement Payment Plan Option at future registrations.  To qualify for this payment option, the student must fill out and return the Company Reimbursement Agreement Form to the Student Accounts Office.  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’s account. The Company Reimbursement Agreement Form may be obtained by contacting the Student Accounts Office or downloading it here.

The Company Reimbursement Agreement Form must be renewed annually by submitting a new form to the Student Accounts Office prior to January 1^st 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 Plan Option if they are the owners of or majority stockholders in the companies from which they seek reimbursement.

Regardless of the company agreement, the student is ultimately responsible for payment of all charges incurred. The University is not responsible for agreements between the student and their company and cannot accommodate company requirements for their reimbursement policies.  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.

Company Reimbursement Payment Option Payment Due Dates

Financial Assistance

To assure the availability of financial aid, the student should contact the Graziadio Business 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.

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

Students may drop classes without tuition penalty during the add/drop period only.  However, a charge of $150 withdrawal fee is assessed if all classes are dropped during the add/drop period. 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 refer to 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.

*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 based on their program per-unit rate. 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/her withdrawal from the trimester or from the University. All unearned financial aid funds will be returned and might result in unpaid school charges. Only students who complete more than sixty (60) percent of the term will maintain eligibility for disbursed federal funds.

The Graziadio Business 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 668.22(i), 682, and 685.

Federal funds are returned in the following order: Federal Direct Unsubsidized Stafford, Federal Direct Subsidized Stafford, 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 Financial Aid Office.

Refunds of Credit Balances

Credit balances resulting only from financial aid are processed automatically within the first 2 weeks of the term. Refunds can be issued via direct deposit to a bank account determined by the student. Students are strongly encouraged to sign up eRefund (direct deposit) online on the Student Center page with their bank information. Students who do not sign up for eRefund (direct deposit) are issued a check that is mailed to the student’s local address.

Refunds of credit balances generated by funds other than financial aid require written requests mailed to the Student Accounts Office or emailed from the Pepperdine email account.

Refund of credit balances are 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. Refund of a credit balance that includes a payment by check has a 10-business day waiting period before the funds may be returned.

Students should consult with the Financial Aid Office, the Program Office and Registrar’s Office regarding the impact of withdrawal/ 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.

Overpayment Refund

Payments in excess of the amounts due to 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 students written request. A non-refundable $50 processing fee will be deducted from the amount of the refund.  Payments made in addition to financial aid that covers all tuition charges will result in an overpayment and will be subject to the overpayment refund policy.

Security Interest in Student Records

A student may not receive any diploma, certificate, or transcript until all accounts 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 the Pepperdine 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.