Financial Aid Information
F inancial A id I nformation The Financial Aid Office at Biola University is dedicated to helping students gain access to Christian higher education, especially those who would be unable to attend Biola without aid. It is our desire to provide financial assistance to students with demonstrated need, within the limits of the University’s resources. With this goal in mind, Biola holds to the following financial aid philosophy: We will partner with the student and his or her family to arrange financing for the student’s education, using the family’s resources, the government’s resources, and Biola’s resources. Demonstrated need will be measured by a consistent and equitable need-analysis system. To be fair to all students seeking aid, need must be based objectively on a family’s financial resources, not their willingness to pay. Special circumstances will be considered on a case-by- case basis, and we will use our professional judgment to determine when adjustments should be made. Biola University does not discriminate on the basis of sex, race, color or national and ethnic origin in administration of its scholarship and loan programs. Undergraduate Financial Aid Institutional Aid All students who want to be considered for need-based aid are required to file a FAFSA. University Award The University will provide a University Award to students with exceptional need and limited resources. The University Award is based partially on academic performance, incoming GPA (freshmen and transfers) and SAT or ACT scores (freshmen only). A FAFSA application is required each academic year. Awards are granted on a first come, first served basis, and are dependent on availability of funds. Academic Scholarships ($3,000-$12,000) This is awarded to incoming freshmen and transfer students, based on high school or college GPA, and SAT/ ACT scores. Students are notified of the award at time of acceptance to Biola. The scholarship is renewable if GPA requirement and all other eligibility requirements are met (as outlined in scholarship policy). Christian Worker Dependent Scholarships (up to $2,000) This is a need-based scholarship awarded to eligible dependent children of pastors, missionaries or Christian workers (primary family income must be through a church, mission board or Christian non-profit agency). Dependent children of pastors/missionaries/Christian workers must file a FAFSA and the appropriate requested paperwork (available on the Financial Aid website) to receive this scholarship. Biola employee dependent tuition waver recipients are not eligible. Available only to students who entered Biola prior to Fall, 2012.
Pastor and Missionary Dependent Scholarships (up to $1,000) This is a need-based scholarship awarded to eligible dependent children of pastors and missionaries. Dependent children of pastors and missionaries must file a FAFSA and the appropriate requested paperwork (available on the Financial Aid website) to receive this scholarship. Biola employee dependent tuition waver recipients are not eligible. Available only to students who enter Biola as of Fall, 2012. Lead Scholarship, formerly SURGE Award ($4,000- $6,500) Awarded to students who have developed a personal understanding of their own ethnic background and have engaged in activities that promote multi-ethnic awareness, learning, and celebration within the context of the United States. Must have 3.0 GPA. Requires participation in Cultural Encounters Leadership program. Please contact Undergraduate Admissions for details on the application deadline. Community Service Scholarship ($2,000-5,000) Awarded to freshmen and transfer students who have demonstrated outstanding spiritual leadership and services in their community. Renewable with demonstrated leadership involvement and services at Biola. Student must file a FAFSA application. Please contact Undergraduate Admissions for more information. Alumni Dependent Scholarship (Up to $1,000 per student) Awarded to dependents of persons who have completed 30 credits of coursework at Biola University (including Talbot School of Theology, Rosemead School of Psychology, or Cook School of Intercultural Studies). Faculty and staff dependents are not eligible. Church Matching Scholarship (Up to $1,500 for undergraduate students and $750 for graduate students) Biola will match one award per year up to $1,500 for a full-time student demonstrating need. Special Programs and BOLD students are not eligible. ELSP students are eligible for one award in their first two semesters. The church’s check must be submitted along with the Church Matching Scholarship Application. Fall semester deadline is Oct. 1. Spring semester deadline (for spring entrants only) is March 1. No exceptions are made to the deadline. A FAFSA must be filed by the deadline and the student must demonstrate financial need as demonstrated by the FAFSA. International students enrolled at Biola on a F-1 visa are exempt from the FAFSA requirement. President’s Award (100% tuition) 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.
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