For example, a student has a $1000 scholarship for the semester, and withdraws during the third week of the semester (80% tuition refund). The student keeps 20% of the scholarship, or $200. $800 is returned to the institution. Aid is usually not reduced after the eighth week of the semester, unless the student has contracted for the aid, i.e. athletics, music. Outside Aid: Outside organizations providing financial aid are contacted when a student withdraws and receives a tuition refund that produces a credit on the student account. The organization can decide if any of the aid must be returned to them. Some organizations specify beforehand the terms of their scholarship if a student withdraws. Unless requested, outside aid sources are not contacted when the withdrawal occurs after the eight week refund period. Alternative Loans : Alternative loans are only adjusted upon request of the student. Returning excess funds remains the responsibility of the student. Satisfactory Academic Progress Policy Students attending Biola University who wish to receive financial aid, including federal, state, Veterans benefits, Social Security benefits, etc., in addition to meeting other eligibility criteria, must be in good academic standing and must maintain satisfactory academic progress in their degree or certificate program. Quality of Progress "Good Academic Standing" Students requesting aid must maintain a minimum cumulative GPA as follows: Minimum Cumulative GPA
Repeated courses for which a satisfactory grade has been given may be counted only once for the purpose of academic progress. Remedial course work may be considered if the coursework is specifically prescribed by the student's academic advisor. Students are given one probationary year to complete any necessary deficit units. Deficit units must be completed in addition to the above “unit completion requirement” specification within the probationary year. Students who fail to complete the required number of units per academic year may be suspended from financial aid until the deficit units are made up. Duration of Progress "Maximum Time Frame" Students requesting aid are expected to complete an academic program within a reasonable time frame (including transfer units) as follows:
Undergraduates
Full-time: 11 semesters Part-time: 17 semesters Graduates Full-time: 11 semesters Part-time: 17 semesters
Time frame is reviewed at the end of each academic year. Students may appeal for extended time by submitting a letter of petition to Financial Aid Office.
Undergraduates 2.0 Graduates 2.5 •
GPA's are reviewed at the end of each academic year.
• Students who fail to maintain the minimum GPA will be given one semester of "Aid Probation" in which they must earn the above GPA (for that semester) or they will be suspended from the aid programs. • If the student meets the probation requirement and is approved a second semester of probation, he or she must achieve a cumulative GPA at the required level. • Once you have been on probation, you must continue achieving a 2.0 / 2.5 GPA or aid will be suspended. • Transfer students with a GPA less than 2.0 are ineligible for aid. Quantity of Progress "Unit Completion Requirement" Students requesting aid must make progress toward a degree as follows:
Undergraduates: Full-time 24 units per year Graduates: Full-time: 18 units per year
Unit completion is reviewed at the end of each academic year in June. Summer is considered part of the spring semester for progress purposes. The following grades are considered to demonstrate satisfactory course completion: A, B, C, D, and CR. These grades do not demonstrate course completion: F, Incomplete, Withdrawal, Unofficial Withdrawal, and Report Delayed.
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