FINANCIAL INFORMATION
APPLICATION FOR AID Students may app ly for financial aid by filing a Free Application for Federal Student Aid (FAFSA) and a Financial Aid Fo rm (FAF). In both cases, "Biola Un ive rsity - CSS Code 4017" shou ld be included on the appropriate sections. All undergraduate Californ ia residents are expected to apply for one of the Cal Grant programs, using the FAFSA and FAF. Pell Grants may be applied for by compl eting the appro- priate section of the FAFSA and FAF. Departmental applica- tions for scholarships (for music , athletics and forensics) are ava il ab le fr om departments on ly. For examfJle, write to the chairman, music department Bio/a university. In addition , a FAFSA and FAF will need to be fil ed unless a student can demonstrate disqualification for need-based aid. Note: N1:w financial aid applications need lo bP filed for each academic year. WHEN TO FILE The following deadlines have been establi shed for the
theymust earn the above GPA (fo r that semester) or th ey wi ll 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- dentswith GPA's less than 2.0 are ineligible for aid. Quantity of Progress - "Unit Completion Requirement" Students reques ting aid must make progress toward a degree as foll ows: Undergraduates Full-time: 24 units per year Graduates Full-time: 18 units per year Un it completion is reviewed at the end of each academi c yea r in Jun e. Summer is considered part of the Spring semester for progress purposes . The following grades are considered to demonstrate sa tis- factOI)' course completion: A, B, C, D, and CR. These grades do not demonstrate course completion: F, Incomplete, With- drawal , Unofficial Withdrawal , and Report Delayed. Repea ted co urses for which a satisfac tory grade has been given maybe counted onlyonce for the purpose of aca- demic progress. Remedial course work maybe considered if the coursework isspecifically prescribed bythe student's academic advisor. Students who Jail to complete the required number of units per academic yearwill be rnspended from financial aid until the deficit units 1m madeup. Defi cit units can be made up either in th e summer and/ or by petitioning for a semester of "Aid Probation" by submitting a Letter of Petition to Financial Aid Offi ce. 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 LO compl ete an aca- demic programwithin a reasonabl e time frame (in cluding u·ansfer units) as follows: Undergraduates Full-time: 11 semesters Part-time: 17 semesters Graduates Full-time: 11 semesters Part-Lime: 17 semesters Time frame is reviewed at the end of each academic yea r. Students may appeal for extended time lry submitting a let/er of petition to Financial Aid Ofice.
..!!J
various aid programs: Cal Grant Programs NewApplicants
March 2 March 2
Renewals
University Aid All Applicants
March 2* *Although March 2 is the deadline for Cal Grants and the full "Biola Need Grant" students are encouraged to apply as soon as possibl e after January l in order to rece ive the optimum aid package. FINANCIAL AID DISBURSEMENTS All fin ancial aid is awarded for the academic year; one half is applied to a student's school account each semester (unless stated otherwise). Students enroll ed for on ly one semester are entitled to on ly that semester 's award after it is adjusted to a one-semester expense budget. Financial Aid is not ava il able fo r interterm or summer school. SATISFACTORY ACADEMIC PROGRESS POLICY Students attending Biola Un iversity who wish to receive financial aid, in addition to meeting other eligibilitycriteri a, must be in good academic standing and making satisfactOI)' academic progress in their degree or certificate program. Quality of Progress - "Good Academic Standing" Students requ es tin g 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
Made with FlippingBook flipbook maker