FINANCIAL INFDRMATIDN
A student is not registered and cannot attend classes until satisfactory financial arrangements have been made with the Student Accounting Office. REFUNDS - WITHDRAWAL Inasmuch as faculty engagements and other commitments are made by the University for the entire year in advance, the following refund schedule has been established in order that the University and the student may share the loss equitably when it is necessary for a student to withdraw from school: Fall and Spring Semester Refund Policy Withdrawal within the first two weeks of classes: I. Tuition - full amount, less enrollment deposit (stu dents with six or fewer units, $25; auditors, $20). 2. Room - end of the month in which the student offi cially checks out of the residence hall. Withdrawal after the second week and before the end of the eighth week of classes (except for special programs): I. Tuition - pro-rated as of end of week in which stu
No course may be dropped after its ending date, and no tuition will be refunded if a student unofficially withdraws after the final day to officially drop a class has passed. Class fees are not refundable after the second day of the session. Tuition refunds for class changes (where applicable) will be made in the same manner as refunds for withdrawals (i.e., full refund within first two weeks of classes 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 offi cial withdrawal date determining the amount of refund. Class, laboratory, health, insurance, parking, activity and other fees are refundable only if withdrawal is on or before the final date of late registration. Music fees are for private music lessons and are refund able in the same manner as tuition, except no refund after the sixth week. OUTSTANDING BALANCES As Biola is an educational institution, any balance owing on a student's account is an extension of credit by the Univer sity and is considered an educational loan within the meaning of section 523 (a) (8) of the U.S. Bankruptcy Code. If a loan becomes in default, Biola may disclose the default, along with other relevant information, to credit bureau organizations and turn the educational loan over to a collection agency for collection. Should this action be instituted by the University, there will be additional charges for reasonable collection of the balance due. All transcripts and diplomas shall be with held until the outstanding amount is paid in full. An account is considered paid in full when all checks clear the bank. REFUNDS- OVERPAYMENT Payments to student accounts which result in a credit bal ance will be refunded upon request, or in accordance with cash management regulations as required by federal regula tions for students having federal aid. Requests for adjustments to charges must be made within four months from the date of the student's statement on which the charge first appears. 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 Financial Aid Office provides counseling and assis tance to students and their families in structuring the most appropriate package of financial aid. The University is commit ted to locating sufficient financial aid to permit enrollment of every student wishing to attend. This commitment is based on a partnership which includes student and family support; fed eral 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.
dent withdraws. Week 3 - 80% Week6-60%
Week 4 - 74% Week 7-54%
Week 5 - 67%
Week 8-47% Week 9- ([mt-time students rueiuingfederal aid) - 40% 2. Room - end of the month in which the student offi- cially checks out of the residence hall. Withdrawals after eighth week of classes: I. Tuition - no refund. 2. Room - end of the month in which the student offi cially checks out the residence hall. First-time students receiving Federal Student Financial Assistance are subject to the Statutory Pro Rata Refund as prescribed by federal law. lnterterm and Summer Session Refund Policy I. 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. Official withdrawal from Summer Session must be made through the Registrar 's Office. Refund rates are determined by the date in which the written request for registration change or withdrawal was made. 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% refunded dur ing the second week, none thereafter. ■ In five week classes, 58% the second week, 30% the third week, none thereafter. ■ Classes that do not fall within the regular session dates will still follow the refund schedule under the first session. All arranged courses follow the refund schedule of the first session.
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