The word "package" has recently made its way into scholarship programs. This word implies the use of grants, scholarships, loans, and/or work-study jobs to meet the need of a given student. Increasingly, the college is employing this approach to student aid. The use of loans and campus jobs enables the Com mittee to spread available scholarship money over a larger number of cases and thus assist a greater number of deserving students. Scholarships Scholarships are awarded by the scholarship awards committee to students of high scholastic achievement . Such other criteria as character, personality, leader ship qualities, financial need, marked success in general high school or college activities, special service rendered on behalf of the college, and evidence of ability to pursue advanced studies successfully after graduation are also given careful consideration. Scholarship awards are made for a period of one year; they range in value from $150 to $950 per year. The types of scholarships offered are as follows: academic, athletic, English, missionary, music, service, and speech. In addition to those offered by the College, there are others provided through the generosity of donors. These include the Les Barnett, Jean Bernard, Albert Kelly, Loe, and George Mayr scholarships. Information regarding the college scholarship program and application blanks may be obtained through the office of the Dean of Students. Loans Biola College has certain revolving funds which are used for short-term student loans. A student may borrow up to $500 per year; the loan is interest-free, the only charge being a nominal service fee. In general, these are reserved for stu dents whose needs are of a short duration, as the entire amount must be repaid before each fall semester begins. For those who need assistance over a longer period of time, funds are available through the National Defense Student Loan Program. These funds are available to enter ing freshmen and transfer students as well as to those already enrolled: United Student Aid Funds, Inc. loans, ranging up to $1,000 per year, are avail able after the freshman year. Biola College is pleased to recommend to parents a monthly payment program permitting them to pay from one to four years of educational expenses over periods as long as 60 months. This service, available through Education Funds, Inc. of Providence, Rhode Island, offers broad insurance coverage which assures the continuance of the student's education for the length of the agreement in event of the parent's death or disability. Unlike some other programs, EFI has no cancellation charge. Information regarding the various loan programs may be obtained from the Student Finance Office.
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