FINANCIAL INFORMATION
FINANCE CHARGES A fin ance charge of 1.5% per month of the first S1,000 of unpaid balance and I% per month of unpaid balance over S1,000 is added al each billing to can)' the account. Tran- sc ripts (omcial and unomcial) are withheld if a student has an outstanding obliga tion 10 the Uni versity or is in default on anv government based loans. All payments lO a student's account after enrollment shou ld be addressed as follows: Accounting Depanmen t Bi ola Uni ve rsity 13800 Biola Avenue l.a Mirada, Cr\ 90639-000 1 In add ition, to in sure timely processing, the studem name and ID number must be clearly noted on all payments. A student is not registered and cannot attend classes until sati sfac tory finan cial ar rangements have been made with the Student Accounting Omce. REFUNDS - WITHDRAWAL Inasmuch as faculty engagements and other commitments arc made by the University for the cmirc year in adl'ance, the fo llowing refund schedule has been established in order that th e Uni ve rsity and the student may share the loss equitably when it is nccessaq•fo r a student to withdraw from school: Fall and Spring Semester Refund Policy Withdrawa l within the first two weeks of classes: I. Tuition - fu ll amou nt, less enrollmem depos it (stu- dents with six or fewer units, S25: auditors, S20). 2. Room - end of the month in wh ich the studem offi- cial ly checks out of the residence hall. Withdrawal aft.er the second week and before the end of the eighth week of classes (except fo r spec ial programs): I. Tuiti on - pro-ra ted as of end of week in which stu-
■ In a three or four week class, 30% refunded dur- ing the second week, none thereafter. ■ In live week classes, 58% the second week, 30% the third week, none thereafter. Tuition refunds for cl ass 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 umil end of eighth week). All refunds must be requested by properly completing and submiuing a departure card or class drop form, the offi- cia l withdrawal date determining th e amoulll of refund. Class, laboratot)' and ac tivity 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 refund- able in the same manner as tuition , except no refund after the sixth week. REFUNDS-OVERPAYMENT Payments lO studelll accounts wh ich result in a credit bal- ance will be refunded upon request. Refund reques ts will 1101 be Jnoressed until the credit balance appears on the student 's mon thlystatement. Requests fo r adj ustmems 10 charges must be made within 4 months from the dale of th e student 's statemelll on whi ch the charge first appears. FINANCIAL AID INFORMATION It is the desire of Bi ola University, within the limits of its resources, lO provide financia l assistance to students with demonstrated need, especially those who , without such aid , would not be able lo auend Bi ola. The Financial Aid Office provides coun seling and assis- tance lO students and their fami li es in structuring the most appropriate package of fin ancial aid. The Unil'ersity is commit- ted lO locating sufTi cienl financial aid to permit enrollment of eve1y student wishing to anend. This commitment is based on a partnership which includes student and fami ly suppon; fed- eral and state grants and loans; and financial aid from Biola. Bi ola Universitydoes not discriminate on the basis of' sex, race, color or nati onal and ethnic origin in administrat ion of' its scho larship and loan programs. UNDERGRADUATE FINANCIAL AID Institutional Aid All students recei11ng me1it awards and/ or need-based aid are required to file a FAF and a FAFSA, or pro11de proof of need based disqualification bysubmitting page one of the 1992 I040 tax form shm11ngan acijusted gross income in excess of$60,000. Bio/a NPed Gmn/ . Biola 's Financial Aid Commitment. The Un iversity will provide a Bi ola Need Gram up to $4,000 to st udents with exce ptional need and limit ed reso ur ces (i ncluding fami ly contribution, state aid, federal aid , Univer- sity awards, work-study, federal loans and outside sources .) Must file FAFSA and FAF forms.
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dem withdraws. \\'eek 3-80% \\leek 5-67%
\\'eek 4 - 74 % \\leeli 6-60%
\\leek 7-54% We1•k8-47% 2. Room - end of the month in which the studen t offi- ciallv checks ou t of the residence hall. Withdrawals after eighth week of classes: I. Tuition - no refund. 2. Room - end of the month in which the student om- cially checks ou t the residence hall. lnterterm and summer session refund policy I. Room and Board is pro-rated lo the end of the week of offi cial withdrawa l. 2. $25 of the tuition charge is considered a registration fee and is non-refundabl e. 3. Pre/ unit refunds are subject to the following schedule: ■ First week - complete refund , except S25 regis- tration fee . ■ In a 1110 week course - no refund the second week.
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