President’s Award (100% tuition)
National SMART Grant. ($4,000)
This is awarded to one graduating senior at Biola with the intention to graduate at the end of the school year required, along with a minimum 3.60 GPA, attendance at Biola for at least two years as well as personal qualifications. Determined by committee nomination. Music Scholarships Awarded by the Conservatory of Music to music majors for outstanding performance and scholastic capabilities. The scholarship must be used for the area in which the applicant auditioned. Recipients may also be required to participate in an ensemble. Athletic Scholarships Offered to students who demonstrate outstanding ability and achievement in a particular sport. Awarded by the Athletic Department. Forensics Scholarships Offered to participants on the school’s competitive speech team. Students awarded this scholarship are not necessarily communication majors. Awarded by the Communication Department. Biology/Science Scholarships Offered to students who demonstrate a high level of achievement within this major. Awarded by the Biology/ Science Department. Cinema and Theater Arts Scholarships Offered to students who demonstrate a high level of achievement within this major. Awarded by the Journalism Department. Journalism Scholarships Offered to students who demonstrate a high level of achievement within this major. Awarded by the Journalism Department. Chimes Scholarships Offered to students who are highly involved with the Chimes (Biola’s student newspaper). Awarded by the Journalism Department. Communication Disorders Scholarship Offered to students who demonstrate a high level of achievement within this major. Awarded by the Communication Disorders Department.
A federal program for U.S. citizens for third and fourth year students in math and science majors. Must be a Pell Grant recipient to receive grant.
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Academic Competitiveness Grant. (Freshmen – $750; Sophomore – $1,300)
A federal program for U.S. citizens who took a rigorous high school academic program. Must be a Pell Grant recipient to receive grant. Student must have a minimum 3.0 GPA in major subject. Federal TEACH Grant ($4,000) A federal program for eligible financial aid recipients who must fulfill 4 years of teaching in a specific program emphasis at an eligible Title 1 school within 8 years of program completion. Failure to fulfill these requirements will result in the grant converting into an unsubsidized Stafford Loan. FSEOG Program The Federal Supplementary Educational Opportunity Grant (FSEOG) program is a campus–based federal aid and is designed to assist the neediest undergraduate students. Must be eligible for Pell Grant. Based on availability of funds. Up to $1,500.
Federal Work Study This program allows students, who obtain certain
on–campus jobs and exhibit need, to have their income “protected” from the subsequent year’s FAFSA calculation. Federal funds pay 75% of a student’s wages, while the University pays the remaining 25%. Wages paid to students in the work study program vary according to the student’s qualifications and duties performed. The University cannot guarantee a job for every student. A limited number of community service job opportunities are also available. Federal Perkins Loan The Perkins Loan is a need–based loan program offered to early financial aid applicants. $1,800 per year to new incoming students, $1,500 to transfer and continuing students, 5% interest rate. Based on availability of funds. Repayment of Perkins Loan begins nine months after graduation or withdrawal from school. If the total amount is paid within nine months of graduation, interest will not accrue. Payments may be extended over a 10–year period at 5% interest on the unpaid balance. Members of the armed forces on active duty and students who transfer to other schools to complete undergraduate or graduate work, may defer payment and interest and extend the repayment period.
Federal Aid to Students
Federal Pell Grant Program. A federal program designed to assist students with high financial need. The maximum grant is $5,350.
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