Biola_Catalog_19710101NA

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 $300 to full tuition per year. The types of scholarships offered are as follows: academic, athletic, music, and forensic. Under academic scholarships there are 4 separate categories. 1. ACADEMIC-$300. or $600. based on academic achievement and financial need. 3.2 Grade Point Average required. 2. HoNOR-$1,000-no consideration given to financial status. 3.6 G.P.A. required. 3. MERITORIOUS SERVICE AWARD-(not available to incoming freshmen) $300 or $600-applicants must have performed some type of outstand­ ing service. G.P.A. must be between 2.5 and 3.2. 4. PRESIDENT'S AWARD FOR OUTSTANDING ACHIEVEMENT.-$1500-Appli­ cants must be going to be an advanced Junior or Senior and must have at least a 3.6 G.P.A. Information regarding the college scholarship program and application forms may be obtained through the Financial Aids Office. 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, McBride-Loe, and George Mayr scholarships. Information regarding the college scholarship program and application blanks may be obtained through the Financial Aids Office. 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 entering freshmen and transfer students as well as to those already enrolled. United Student Aid Funds, Inc., and federally insured loans, ranging up to $1,500 per year, are available. 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 Financ ial Aids Office.

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