FINANCIAL INFORMATION
APPLICATION FOR AID Students may apply for financial aid by filing a Free Application for Federal Student Aid - FAFSA - and a Uni versity Aid Application. Biola University and the school code should be included on the appropriate sections. For FAFSA, Biola's code number is 001122. All undergraduate California residents are expected to apply for one of the Cal Grant programs, using the FAFSA and GPA Verification form. Pell Grants may be applied for by completing the FAFSA Departmental applications for scholarships (for music, ath letics and forensics) are available from departments only. Fur example, write to the chairman, music department Biola univer sity. In addition, a FAFSA will need to be filed unless a stu dent can demonstrate disqualification for need-based aid. Note: New financial aid applications need to be fried fur each academic year. WHEN TO FILE The following deadlines have been established for the
they must earn the above GPA (for that semester) or they will be suspended from the aid programs. ■ Once you have been on probation, you must continue achieving a 2.0/ 2.5 GPA or aid will be suspended. ■ First-time freshmen with GPA's less than 2.0 will be given one probation semester with aid. Transfer stu dents with GPA's less than 2.0 are ineligible for aid. Quantity ofProgress- "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 satis factory course completion: A, B, C, D, and CR These grades do not demonstrate course completion: F, Incomplete, With drawal, Unofficial Withdrawal, and Report Delayed. Repeated courses for which a satisfactory grade has been given may be counted only once for the purpose of aca demic progress. Remedial course work may be considered if the coursework is specifically prescribed by the student's academic advisor. Studtnls who fail to complete the required number of units per academic year will be suspended from financial aid until the deficit units are made up. Deficit units can be made up either in the summer and/ or by petitioning for a semester of "Aid Probation" by submitting a Letter of Petition to Financial Aid Office. Stu dents whose cumulative GPA is less than 2.0/ 2.5 must make up deficit units BEFORE the probation semester. Duration of Progress - "Maximum Time Frame" Students requesting aid are expected to complete an aca demic 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. Studtnls may appeal fur extended time iJy submitting a letter of petition to Financial Aid Office.
various aid programs: Cal Grant Programs New Applicants
March 2 March 2
Renewals
University Aid All Applicants
March 2* *March 2 is the deadline for Cal Grants and the full need-based aid and university awards. However, students are encouraged to apply as soon as possible after January I in order to receive the optimum aid package. 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 Not available for interterm or summer school, except sources that are man dated by federal regulations. SATISFACTORY ACADEMIC PROGRESS POLICY Students attending Biola University who wish to receive finan cial aid, in all forms including federal, state, Veterans benefits, Social Security benefits, etc., in addition to meeting other eligibi~ ity criteria, must be in good academic standing and making satis factory 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: Undergraduates - 2.0 Graduates - 2.5 ■ GPA's are reviewed at the end of each semester. ■ Students who fail to maintain the minimum GPA will be given one semester of "Aid Probation" in which
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