Financial Information

Pepperdine University is a private, independent institution that receives no operating support from public funds. Gifts from concerned friends, grants from supporting foundations, and income from endowments provide both operational and capital funds that contribute to a portion of the cost of student education. Below is an outline of the tuition and fees that students are responsible for.

Current Charges

The following charges are for the academic year beginning August 2023. 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 $2,030 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 $2,030 per unit.
2. Full-Time MS in Applied Finance: Includes 10-18 units of tuition per trimester. Per unit rate of $2,245 applies to enrollment in fewer than 10 units or more than 18 units. Full-Time MS in Applied Finance 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 $2,245 per unit.
3. Full-Time MS in Business Analytics: Includes 10-18 units of tuition per trimester. Per unit rate of $2,280 applies to enrollment in fewer than 10 units or more than 18 units. Full-Time 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 $2,280 per unit.
4. Full-Time MS in Global Business: Includes 10-18 units of tuition per trimester. Per unit rate of $2,350 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 $2,350 per unit.
5. Full-Time MS in Real Estate: Includes 10-18 units of tuition per trimester. Per unit rate of $2,355 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 $2,355 per unit.
6. Full-Time MS in Business: 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 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 $1,960 per unit.
7. PKE MBA: Includes 7-15 units of tuition per trimester. Per unit rate of $4,250 applies to enrollment in fewer than 7 units or more than 15 units.
8. Executive MBA: Includes 7-12 units of tuition per trimester. Per unit rate of $3,275 applies to enrollment in fewer than 7 units or more than 12 units.
9. MS in Organization Development: Includes 6-10 units of tuition per trimester. Per unit rate of $2,265 applies to enrollment in fewer than 6 units or more than 10 units.
10. Executive DBA: Includes 5-8 units of tuition per trimester. Per unit rate of $3,275 applies to enrollment in fewer than 5 units or more than 8 units.
11. Applicable to all PGBS undergraduate and graduate degree-seeking students in the Full-Time Programs, Part-Time Programs, and all exchange non-degree seeking students. The PGBS Student Activity Fee is allocated to PGBS student-led clubs, organizations, and service/activity programs that further the co-curricular engagement, education, and development of the PGBS student body at large. Please visit the student life website for a full description of benefits and fees. Subject to change by referendum.
12. Applicable to all PGBS undergraduate and graduate degree-seeking students in the Online Programs. The PGBS Student Activity Fee is allocated to PGBS student-led clubs, organizations, and service/activity programs that further the co-curricular engagement, education, and development of the PGBS student body at large. Please visit the student life website for a full description of benefits and fees. Subject to change by referendum.
13. All students in Malibu based programs pay a mandatory Wellness Fee of $175 if enrolled in at least a half-time unit load or $88 if enrolled in less than a half-time unit load to support the University’s extensive medical, mental health, and fitness offerings. The Student Wellness website has a full description of benefits.
14. All students in non-Malibu based programs pay a mandatory Wellness Fee of $88 if enrolled in a half-time or more unit load or $44 if enrolled in less than a half-time unit load to support the University’s extensive medical, mental health, and fitness offerings. The Student Wellness website has a full description of benefits.
15. Required with each housing contract entered into by all new students to reserve apartment space; credited to apartment charges upon occupancy. If the University cannot provide housing due to space limitations or eligibility, the nonrefundable housing prepayment will remain on the student account and be applied toward other University charges.
16. The Drescher Graduate Campus Apartment Complex is located on the Malibu campus. The apartments have four bedrooms and house four students.
17. Liquidated damages pursuant to Cal. Civ. Code §1671-b; charged when the company reimbursement payment deadline is missed.
18. 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 their accounts. All charges, including tuition, fees, and room and board (when applicable), are due by the first business day after the standard add/drop period each term unless the student is eligible for and has chosen one of the 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 are 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 formally withdraw will result in continued financial obligation for tuition and other charges assessed to the student account. Students should refer to the “Refund Policies” section below for additional information regarding financial responsibilities if withdrawing.

Billing

The online student account serves as the official student billing statement. Hard copy account statements are not generated. The account will be updated automatically with every charge or credit posted to the student account. Students can view their account information, including charge/payment amounts and due dates, through WaveNet. 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 parties) must request and grant access through the “Manage Guest Access” link in WaveNet on the Student Center Home page.

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, wire payments, or checks drawn from a U.S. bank in U.S. dollars. 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 Finances page. There is no service fee for an eCheck payment.

Paper checks should be made payable to Pepperdine University and 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 (includes paper check and eCheck). Repeated occurrences of returned checks will necessitate all future payments to be made using certified funds (cash, cashier’s check, money order, or wire transfer), and a hold will be placed on the student’s account preventing future check payments.

Changes in Amounts Due

If the student adds course(s)/unit(s) after the initial due date, the additional balance generated by new 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, and a registration hold will be placed on the account. 

Payment Terms

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

Bachelor of Science in Management Program Enrollment Deposit Payment Terms

The $150 nonrefundable enrollment deposit must be submitted by the date specified in the offer of admission 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.

Fully Employed MBA, Part-Time MBA, Online MBA, and MS Programs Enrollment Deposit Payment Terms

The $250 nonrefundable enrollment deposit must be submitted by the date specified in the offer of admission 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.

Full-Time MBA and MS Programs Enrollment Deposit Payment Terms

The $1,000 nonrefundable enrollment deposit must be submitted by the date specified in the offer of admission 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.

Executive MBA and PKE Programs Enrollment Deposit Payment Terms

The $2,000 nonrefundable enrollment deposit must be submitted by the date specified in the offer of admission 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.

MSOD Program Enrollment Deposit Payment Terms

The $1,400 nonrefundable enrollment deposit must be submitted by the date specified in the offer of admission 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.

Executive DBA Program Enrollment Deposit Payment Terms

The $2,000 nonrefundable enrollment deposit must be submitted by the date specified in the offer of admission 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 and 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 standard add/drop period for each trimester. All charges are due on or before the due date listed on the student account; specific due dates may be viewed by selecting the “Charges Due” link on the Student Center Finances page. Students are assigned to the Simple Payment Option if no alternative eligible option is chosen by the first due date of the trimester.

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

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

Finance charges will be assessed on 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 plus room and board, 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 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 standard add/drop period for the term.
Second Installment Due: 30 calendar days from the first installment payment due date.

Three-Payment Option

Tuition plus room and board, 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 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 standard add/drop period for the term.
Second Installment Due: 30 calendar days from the first installment payment due date.
Third Installment Due: 60 calendar days from the first installment payment due date.

Company Reimbursement Payment Option

Students whose accounts have not previously been in default will be permitted to use the Company Reimbursement Payment Option.

For students reimbursed for tuition by their employers, the University will allow a deferral of tuition payment after deduction of any financial aid funds. All financial aid funds are applied to tuition charges and fees first. Deferment of tuition charges 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 tuition balance can be deferred under the company reimbursement payment plan. Only tuition is eligible for deferment; all other charges/fees are due by the standard due date assigned to them. 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 date(s) to avoid a nonrefundable $50 late payment fee and accrual of 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 complete and return the Company Reimbursement Agreement Form to the Student Accounts Office. The completed form must be received by the Student Accounts Office prior to the beginning of the term to ensure that it is processed prior to the first payment due date and that 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 company(ies) 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, and finance charges, must be paid by the assigned due dates. The student should make arrangements each trimester to ensure that all charges are paid in full.

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 and prior to registration.

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 by the due date(s).

Students who receive federal student aid should be aware that federal aid will pay toward tuition, room and board, and association fees automatically; other allowable educationally related fees (e.g., facility fees) require the student’s authorization, provided through the “Permissions” link in WaveNet. Federal aid will never pay toward non-allowable, non-educationally related, and discretionary charges (e.g., health insurance, finance charges, fines, penalty charges, withdrawal fees). This means that even though total financial aid may exceed total charges, federal aid may not pay all charges, potentially leaving a credit balance as well as an outstanding balance for charges not paid by financial aid. Any charges not covered by aid, federal or otherwise, are still due by the due date attached to that charge regardless of whether or not there is a credit from financial aid. Any refundable credit balance will be issued to the borrower.

Additional information concerning financial aid may be found in the “Financial Aid ” section of this catalog and on the Financial Aid Office website.

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.

Students are not entitled to a refund of tuition or fees if Pepperdine University changes or alters course offerings, including mode of instruction (e.g., remote or online education).

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 standard refund schedule below is the date the student submits an 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 $150 withdrawal fee is assessed to the student account and is due at the time of the withdrawal 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 (or on the applicable supplemental refund schedule). 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 standard schedule published here, a separate refund schedule has been established. Students should refer to their registration materials for this information and are strongly encouraged to consult with the Program Office.

*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 units) are not eligible for a refund.

Executive Programs Refund Policy

Executive programs students who are enrolled in the number of units corresponding with the flat rate range for their respective program and who subsequently drop below the flat rate threshold 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 are not eligible for a refund.

Return of Federal Funds

A student who withdraws from all classes may lose eligibility to keep the full amount of disbursed federal funds. The withdrawal date will determine the amount of unearned aid. The University is required to return unearned federal Title IV funds (Federal Direct Loan Program, Federal Pell Grant, and Federal Supplemental Educational Opportunity Grant Program) as stated in Federal Regulations, 34 CFR parts 668, 682, and 685, Return of Title IV Aid. The amount of federal funding returned is determined by Return of Title IV Funds Program calculations. Funds are returned in the following order: Federal Direct Unsubsidized Loan, Federal Direct Subsidized Loan, Federal Direct PLUS Loan, Federal Pell Grant, and Federal SEOG. Additional information regarding return of federal funds may be obtained from the Financial Aid Office.

The return of federal funds may result in an outstanding balance on the student account. If a student’s account is not paid in full by the due date, daily finance charges of 0.027% will accrue on any past due amounts.

Refunds of Credit Balances

Credit balances resulting only from financial aid are processed automatically at the start of the term after financial aid has been disbursed, unless official written notification is submitted by the student to the Student Accounts Office requesting the credit balance to remain on the student account. Refunds can be issued via direct deposit to a bank account determined by the student. Students are strongly encouraged to sign up for eRefund (direct deposit) online through their WaveNet account by selecting the “eRefund Account” link on the Student Center Finances page. Students who do not sign up for eRefund are issued a check that is mailed to the student’s 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 student’s Pepperdine email account and may be subject to the Overpayment Refund Policy below.

Refunds of credit balances are not to be made until funds have cleared the bank and are showing on the student 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 released.

Students should consult with the Financial Aid Office, the Program Office, and Registrar’s Office regarding the impact of a 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 all or a portion of financial aid proceeds as determined by the date of withdrawal or change in course load. 

Overpayment Refund Policy

Payments in excess of the amount 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 student’s written request. A nonrefundable $50 processing fee will be posted to the student account and deducted from the amount of the refund. Payments made in addition to financial aid will result in an overpayment and will be subject to the overpayment refund policy.

Course Withdrawal Financial Petition

The Course Withdrawal Financial Petition may be filed in cases involving extenuating circumstances that cause students to withdraw from PGBS courses after the published add/drop deadline. The add/drop deadline is established and communicated prior to the start of each academic term, and any enrollment changes thereafter are subject to tuition forfeiture and/or other penalties in accordance with the Refund Policy. 

Under qualifying circumstances, a Course Withdrawal Financial Petition may be submitted for consideration to have the tuition paid for the withdrawn course/units applied toward future PGBS tuition charges. Qualifying circumstances typically include unexpected medical events, family emergencies, and unforeseen changes in employment-related demands (e.g., extended travel or unexpected and drastic change in work demands). In unexpected and extenuating circumstances, student financial petitions not related to course withdrawals may also be considered.

Petitions must be accompanied by supporting documentation and submitted to the Program Office associated with the student’s degree program. Final determinations regarding qualifying circumstances and/or the pertinence of supporting documentation will be made by the Program Office. Submitting a financial petition does not guarantee approval of issuing a future financial credit.

Please note the following important points related to the Course Withdrawal Financial Petition process:

• To ensure full consideration, petitions must be submitted within 30 days of the date of withdrawal.
• Students are responsible for any outstanding balances, including tuition and finance charges, posted on their accounts for the term in which the withdrawal occurs, including any balances associated with the course(s) for which a petition is submitted.
• Any credits resulting from an approved petition will be applicable toward future PGBS tuition charges (effective for up to one year, beginning with the term that immediately follows the withdrawal term) and do not reduce any outstanding balances for the term in which the withdrawal occurs.
• Any credits resulting from approved petitions are applicable toward future PGBS tuition charges only (nontransferable to other schools within the University).
• Non-tuition charges (e.g., fees) are not included in any credits that may result from approved petitions. 
• For students receiving loans, a withdrawal may require the PGBS Financial Aid Office to return the funds (or a portion thereof) to the lender, as dictated by federal financial aid regulations.
• Students are eligible for a maximum of two (2) Course Withdrawal Financial Petitions over the course of their academic program.

Security Interest in Student Records

Outstanding balances on a student account, or defaulting on other financial obligations with the University by the student, will prevent the student from registering for classes and will result in the University not publishing the student’s grades for the last term in attendance on the student’s transcripts. 

Additionally, degrees and/or certificates will not be conferred nor posted on the student’s transcript until all University obligations (academic, financial, and otherwise) are fulfilled.

To the extent not prohibited by law, if a student defaults on payment of their Pepperdine student loan and/or has an outstanding student account balance, all other records, with the exception of academic transcripts, will be withheld 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 their student 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 services.

Transcripts of Academic Records

Official transcripts of Academic Records are furnished upon payment of a fee for each transcript issued. Normally, official transcripts are delivered by mail. Official transcripts can be given to the student only in a sealed envelope. If the seal is broken, the transcript ceases to be official. Students may request transcripts at OneStop or at pepperdine.edu/registrar/transcripts. For pick up or walk-in service, the request should be filed at OneStop at least one day before the transcript is needed. More time may be required for transcripts from terms prior to January 1987. At the end of each trimester, two weeks may be required to process a transcript request due to grade processing and degree postings. Requests for partial transcripts will not be accepted. No transcript will be supplied for course work taken at other institutions. Current students may obtain unofficial transcripts through WaveNet.

Outstanding balances on a student account, or defaulting on other financial obligations with the University by the student, will prevent the student from registering for classes and will result in the University not publishing the student’s grades for the last term in attendance on the student’s transcripts. 

Additionally, degrees and/or certificates will not be conferred nor posted on the student’s transcript until all University obligations (academic, financial, and otherwise) are fulfilled. Every student with a loan must complete an exit interview with the Financial Aid Office before their student records will be released.