11 FINANCIAL INFORMATION
................. Biola's student/faculty ratio is 14 to 1, helping to ensure accessibility to instructors and personal attention. Our faculty is comprised of top experts in various fields , with 65%ofour faculty members holding doctoral degrees.
UNDERGRADUATE FINANCIAL AID Institutional Aid BIOi.A SCHOLARSHIPS include academic, honor, and presidential awards. MEETING THE DIFFERENCE. Biola's Financial Aid Commitment. The University will provide a Biola Need Grant equal 100% of the difference between tuition, room and board charges, and the calculated amount of ,/ HONOR ScHOLARSHIPS (MINIMUM HALF TUITION). Awarded to highest ranking freshmen and transfer students. Based on academic achievement (GPA and SAn and extracurricular/ leadership activities. Selection begins February 1st. No separate application required. Renewable if GPA requirement met (3.4 first year, 3.5 second year, 3.6 third year). DEAN'S ScHOLARSHIP ($10()(}$3000). Awarded to high ranking freshmen and transfer students. Based on academic achievement (GPA and SAn and extracurricu lar/leadership activities. Selection begins February 1st. No separate application required. Renewable with 3.2 Biola GPA ETHNIC SCHOLARS PROGRAM ($1000-$3000). In keeping with Biola's commitment to attracting a culturally diverse student body, the University has reserved a select number of merit scholarships for students of non-white descent. Based on academic achievement (GPA and SAn and extracurricular/leadership activities. Selection begins February 1st. No separate application required. Renewable with 3.2 Biola GPA. LEADERSHIP SCHOLARSHIPS ($1000-$3000). Awarded to freshmen and transfer students who have demonstrated outstanding spiritual leadership in their community. Minimum 2.5 GPA No separate application required. Awarding begins February 1st. Renewable with demon strated leadership involvement at Biola and 2.75 GPA MISSIONARY/PASIDR'S DEPENDENT ScHOIARSHIPS ($1500). All dependents of pastors (where parent's prima ry income is through a church) will be awarded a $1500 Pastor's Dependent Scholarship each year of attendance. Dependents of pastors must file SAAC or FAF with the College Scholarship Service to receive this scholarship. CHURCH MATCHING SCHOu\RSHIP (UP TO $500 FROM B1olA). Open to all Biola students. Biola matches up to $500 of support given by churches to individuals each year of attendance. No separate application. Churches should notify the Office of Student Financial Services in writing. PRESIDENT'S Aw ARD. Full tuition. Senior standing with intention to graduate at the end of the school year required, along with a minimum 3.60 G.P.A, atten dance at Biola for at least two years as well as personal qualifications. Music AWARDS, ranging from $600 to $2,600 are made by the music department to music majors with high performance and scholastic capabilities. The scholar ship must be used for the area in which the applicant auditioned. Recipients may also be required to partici pate in an ensemble activity.
Withdrawal after the second week and before the end of the eighth week of classes: 1. Tuition - pro-rated as of end of week in which student withdraws. 2. Room - end of the month in which the student officially checks out of the residence hall.
Withdrawals after eighth week of classes:
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1. Tuition - no refund. Q, ·., ~ other available resources (including family contribu- 2. Room - end of the month in which the student p- :' tion, state aid, federal aid, University awards, self-help, officially checks out the residence hall. ,p, v{ d federal loans).
Interterm and-summer session refund policy:
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1. Room and Board is pro-rated to the end of the week of official withdrawal. 2. $25 of the tuition charge is considered a registration fee and is non-refundable. 3. Pre/unit refunds are subject to the following schedule: First week - complete refund, except $25 registration fee. In a two week course - no refund the second week. In a three or four week class, 30 percent refunded during the second week, none thereafter. In five week classes, 58 percent the second week, 30 percent the third week, none thereafter. Tuition refunds for class changes (where applicable) will be made in the same manner as refunds for with drawals (i.e., full refund within first two weeks of class es and pro-rated refund after second week until end of eighth week). All refunds must be requested by properly completing and submitting a departure card or class drop form, the official withdrawal date determining the amount of refund. Laboratory and activity fees are refundable only if with drawal is on or before the final date of late registration. Music fees are for private music lessons and are refundable in the same manner as tuition, except no refund after the sixth week. FINANCIAL AID INFORMATION It is the desire of Biola University, within the limits of its resources, to provide financial assistance to students with demonstrated need, especially those who, without such aid, would not be able to attend Biola. The Office of Student Financial Services provides counseling and assistance to students and their families in structuring the most appropriate package of financial aid. The University is committed locating sufficient financial aid to permit enrollment of every student wishing to attend. This commitment is based on a part nership which includes student and family support; federal and state grants and loans; and financial aid from Biola. 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.
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