3 .75 G.P.A. required for entering freshmen, 3.60 G.P.A. required for continuing Biola students based upon academic achievement and personal qualifications. Consideration given to financial status. Meritorious Service Award: $300 to $600 2.50 minimum G.P.A. required. This award is reserved for students whose G.P.A. is not outstanding, but who excel in a particular field. President's Award: $2,000. Senior standing with intention to graduate at the end of the school year required, along with a minimum 3.60 G.P.A., attendance at Biola for at least two years, as well as personal qualifications. Music Awards are made by the Music Department to music majors with high-performance and scholastic capabilities ranging from $300 to $1,200. The scholarship must be used for the area in which the applicant auditioned, and the student is expected to use his judgment in participation of outside activities, so that a maximum of his time may be devoted to music. Music scholarship recipients are also required to participate in an ensemble activity. Athletic Scholarships are offered to students who demonstrate outstanding ability and achievement in a particular sport. Forensics Scholarships are offered to participants on the school's competitive speech team. Students awarded this scholarship are not necessarily communications majors. Nursing Scholarships are available to declared nursing majors only. The scholarship is based on need , rather than academic achievement. Qualified nursing students may receive up to $1 ,500 per year. Nursing loans are also available. California St.ate Scholarships are made available to hundreds of students (residents of California) each year who have a high grade point average and who score high on the Scholastic Aptitude Test. Awards are usually given for full tuition; however, financial need is given prime consideration. Application must be made in November for participation in the following September. Students must request that SAT scores be sent by the College Entrance Examination Board (CEEB) to the Commission. Finalists will be notified and will be required to file a PCS or ·SFS before receiving the award. Students who have received a state scholarship for the previous year will be sent automatically renewal applications during the spring semester. In addition to those offered by the College, other scholarships are provided through the generosity of donors. These include the Les Barnett, Jean Bernard; Bonee Memorial, Albert Kelly, McBride-Loe, Brandt, Jana Hammond, Emma Johnson, Gordon Johnson, George Mayr, Hunt Jenne Ambrose, Layne Foundation, and Walter Hong Scholarships. Questions concerning these awards should be referred to the Director of Student Financial Services. Grants Grants are financial awards that do not have to be repaid, but the amounts a student receives is based solely on his financial need as determined by standard financial aid policies. The Basic Educational Opportunity Grants (BEOG) Program is a Federal Program which is designed to lay a basic educational grant foundation for students qualifying for it. It must be applied for on a special application available at the local Post Office or the Office of Student Financial Services. The Supplement.ary Educational Opportunity Grant (SEOG) Program supported by the federal government, is designed to help needy students. A student's financial need must exceed half the cost of his education to qualify. These grants range from $200 to $1400 per year, but the amount cannot exceed one-half the total aid given to a student. (For example, if he receives$700 EOG, he must also receive a $700 loan, scholarship, or combination of both. ) The amount a parent can contribute to the student's expenses is also used in computing his EOG eligibility. As funds are available, College Grants are made to needy students from the College Grant fund . This fund is maintai.ned by gifts from friends of the College. Students are not required to repay the College, but it is hoped that recipients will contribute to the fund when they have completed school in order to provide for others who are in need. Loans Biola College has certain revolving funds which are used for short-term student loans . A student may borrow up to $500 per year (for emergency purposes) ; the loan is interest-free, the only charge being a nominal service fee of $2 per $100 borrowed. In general , these are reserved for students whose needs are of a short duration as the entire amount must be repaid before each fall semester begins unless a renewal for one year has been granted. These loans are not available for non-educational expenses, such as purchase of cars, marriage expenses, etc. For those who need assistance over a longer period of time, funds are available through the National Direct Student Loan Program. These funds are available to entering freshmen and transfer students as well as to those already enrolled. A student may borrow up to $2500 per year. However, he may not borrow more than a total of $2500 before the end of his first two years of study, or more than a total of $5000 before the end of his fourth undergraduate year. Repayment of NDSL begins one year after graduation or withdrawal from the College. If the total amount is paid within nine months of graduation, no interest will be accrued. Payment may be extended over a ten-year period at three percent interest on the unpaid balance. Members of the armed forces on active combat duty and students who transfer to other schools to complete undergraduate or graduate work, may defer payment and interest and extend the repayment period. Federally Insured Student Loans (FISL) are available through local banks, credit unions , and savings and loan associations, for citizens and nationals of the United States, or those in the country for other than a temporary purpose. It is the lender' s option to make or deny the loan. Banks usually require either the student or his parents to have had an account for at least six months and that a PCS or SFS be filed with Biola College. The maximum amount of this type of loan is $2500 per year , with an aggregate limit of $7500 for undergraduates. 29
Made with FlippingBook flipbook maker