Okay second, you should apply to the school and then add Pepperdine to your fafsa application and have them issue you an award letter. Some very expensive schools offer VERY awesome financial aid packages IF you apply early enough. I seriously doubt you’ll get in free, but your loan amounts may be higher. You might even mention the fact that you’ve got 2 siblings in college as well. Sometimes this takes time to set up, so you might consider transferring in next fall 08. (I just noticed this school has a Feb 15th priority deadline for the fall 08 year anyway…. so not likely spring semester is a possibility.)

Scholarship searches are great, but focus your attention on scholarships from that particular school and major field of study. Looks like those deadlines are March for fall 08.

Anyway, it’s not impossible for you to attend this school, but you will likely accumulate a great deal of debt to do it. And PLEASE don’t ask your parents to borrow if you are unwilling yourself. Maybe a, “I’ll borrow 80% if you borrow 20%” approach would work? Just ask yourself if the school is worth it and keep these two things in mind.

As a general rule, you don’t want your total college debt to be more than your first years salary after graduating. Payments on those student loans are about 10%. In other words, if you borrow a grand total of $60,000 to go to school, your payments would be about 600 dollars. Any you should be able to get a job in your major field of study earning 60 grand upon graduation.

Choose Wisely!!