FINANCIAL INFORMATION
Biola College cannot provide guarantee of financial assistance for students entering Rosemead. Before applying, applicants should make realistic assessment of their re sources for financing graduate study in view of Rosemead' s tuition and fee schedule and the cost of living in Southern California. The first two years of graduate study are typically the most difficult finan cially. Many students find it necessary to supplement their resources with outside employment. However, the school discourages a heavy reliance upon employment during the academic year, or any other time commitment that is detrimental to the program of study. Students enrolled in degree programs must maintain full-time status in the program. Although a limited number of teach ing assistantships are available, these positions are invariably awarded to continuing students and should not be anticipated by new students. Traditionally many Rosemead students have relied on Federally Insured Student Loans (FISL) obtained through a bank in their home community as their primary resource for financial assistance throughout the program. Stu dents accepted for graduate study and who expect to utilize Federally Insured Student Loans should plan to make application early in order to secure approval of their loans before the opening of the fall semester. Other financial aid currently available to Rosemead students includes the following: 1. National Direct Student Loan available through Biola College, but in limited amounts due to the size of the school and the demand on these funds. Requires a financial statement (FAF) and eligibility application. 2. California State Graduate Fellowship - Available to state residents only; requires a financial statement, eligibility application, and GRE or other appropriate test scores. 3. RGSPP Assistantships - Available to selected second year students and above; eligibility requirements and use of funds is established through Rosemead faculty committees. 4. Short-term loans - Available through Biola College, office of Student Financial Services, for emergency needs. These loans have a short-term repayment provision and are not used for tuition or automobile expenses. 5. Graduate Grants - Available in limited amounts to students who de monstrate a financial need; requires an FAF and Graduate Aid Application. Preference is given to 3rd and 4th year students. Foreign applicants must establish the degree of their ability to meet the costs of an education at Rosemead. Each foreign applicant must submit a signed statement of financial responsibility as well as signed statements from any agencies or individuals who have taken the responsibility of underwriting the
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