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Financial Aid Information
Institutional Aid Graduate Grant (Talbot Graduate Grant, Rosemead Graduate Grant, School of Education Grant, Cook Graduate Grant) This award is based on financial need as determined by the FAFSA. Up to $3,000 per year depending on graduate school of enrollment. Funds are limited to availability and are awarded on a first come, first served basis. Church Matching Scholarship (Up to $750 from Biola) Biola will match one award per year up to $750 for a full-time student demonstrating need. The match is prorated for a part-time student. Not available to Doctor of Ministry who entered after Fall 2006, nor to students in these programs: Doctor of Ministry, Master of Arts in Christian Apologetics, Master of Arts in Science and Religion, Talbot Doctor of Philosophy, or other special programs. The church's check must be accompanied by the Church Matching Scholarship Application signed by the pastor or church official. Fall semester deadline is October 1. Spring semester deadline (for Spring entrants only) is March 1. International students on an F-1 or R-1 visa are exempt from the FAFSA requirement. Dream Act eligible students must complete the California Dream Act Application. Department Scholarships Determined by each graduate school. For scholarship opportunities, contact the graduate school of attendance. General Financial Aid Information The following apply to both undergraduate and graduate aid applicants. Entitlement Aid Biola University is authorized as an institution to grant benefits to veterans and dependents, social security benefits and assistance from the California Rehabilitation Program. Students interested in this type of aid should contact the Office of the Registrar. Student Loans Biola will notify all new students of their Federal Direct Student Loan eligibility on their Financial Aid Award Letter. Continuing students will be notified of their Direct Student Loan eligibility on my.Biola, once all required paperwork is completed. PLUS loans and private loans require separate applications, and the student must initiate to process. See the Financial Aid website for more details. International Students International applicants who hold an F-1 visa must establish the degree of their ability to meet the costs of an education at Biola University. Each international 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 student's expenses. These statements must include the exact amount of the commitment. Inquiries regarding financial aid for international students should be directed to the Undergraduate and Graduate Admissions Offices for new students, and to the Financial Aid Office for continuing students. Student Employment The University maintains an employment office for the benefit of students needing part-time work. While this office does not guarantee employment, it does make an effort to place every student desiring work in a position.
Jobs are available both on and off campus, according to student's ability, and their capacity to handle the added burden of employment. Student worker positions range from 10–20 hours per week. Application for Aid Students may apply for financial aid by filing a Free Application for Federal Student Aid (FAFSA). Biola University and the school code (001122) should be included on the appropriate sections. Dream Act eligible students must complete the California Dream Act Application. All undergraduate California residents who have not already been paid a Cal Grant are encouraged to apply by filing a FAFSA (or California Dream Act Application as appropriate) and GPA Verification form before March 2. For students who have already been awarded a Cal Grant in the prior academic year, only a FAFSA (or California Dream Act Application as appropriate) is required. Departmental Scholarship applications (i.e. music, athletics and forensics, etc.) are available from the academic departments only. In addition, a FAFSA may need to be filed unless a student can demonstrate disqualification for need-based aid. Note: FAFSA and Plus and/or Private loan applications need to be re-filed for each academic year. Deadlines for Filing The following deadlines have been established for the various aid programs: Cal Grant Programs New Applicants: March 2 Institutional Aid While there is not a "deadline" to apply for financial aid and students are allowed to apply throughout the academic year, resources are limited and are awarded on a first come, first served basis. Therefore, students are encouraged to apply and complete their financial aid file as soon as possible after the various applications and documents become available. Financial Aid Disbursements All financial aid is awarded for the academic year; one half is applied to a student's school account each semester (unless stated otherwise). Students enrolled for only one semester are entitled to only that semester's award after it is adjusted to a one-semester expense budget. Financial Aid is not awarded for Interterm or Summer terms, except sources that are mandated by federal regulations. Financial Aid Withdrawal/Return of Aid Policy Biola University's "Financial Aid Withdrawal Policy" is employed when a student withdraws prior to completing 60% of the semester. Financial aid adjustments caused by a change in semester enrollment status (student remains enrolled in at least one course) are not included in this policy, but are addressed in the Financial Aid Handbook. If a recipient of financial aid withdraws during a period of enrollment, the amount of financial aid earned will be calculated according to regulations and policies established for the various categories of aid. The unearned aid will be returned to the various aid sources. These sources include: Title IV Financial Aid: Most types of government aid are included in this category, i.e. Federal Pell Grant, Federal SEOG Grant, Perkins Loan,
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