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 onl y one semester are entitled to only that semester' s award after it is adjusted to a one-semester expense budget. Not avail able for interterm or summer school , except sources that are mandated by federal regulations.
responsibility of underwriting the student's expenses. These statements must include the exact amount of the commitment. Canadian Grants Canadian citizens who receive at least two thirds of their college funding from Canadian sources are eligible for the Tuition at Par (TAP) Grant for the Fall and Spring semes ters. The TAP Grant covers the difference between U.S. and Canadian dollars as calculated at the beginning of each semester. The grant is calculated after the student's other university aid is considered. Student Employment The University maintains an employment office for the benefit of students needing part-time work co defray expenses. While this office does nor guarantee employment, it does make an effort to place every student desiring work. Jobs are available both on and off campus, according to stu dent's ability, capacity co handle the added burden of employ ment and financial need. Normally, a student can expect co work 15-20 hrs./wk. when carrying a full class schedule. Previ ous work experience and hours available for employment will result in better races of pay than the minimum wage. Students who find it necessary to work for the entire amount of their living expenses should plan to extend the rime required for their course of study and co reduce the academic load. APPLICATION FOR AID Students may appl y for financial aid by filing a Free Application for Federal Student Aid - F AFSA - and a University Aid Application. Biola University and the school code should he included on the appropriate sections. For FAFSA, Bio la'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 he applied for by completing the FAFSA. Departmental applications for scholarships (for music, athlet ics and forensics) are available from departments only. For example, write co the chairman, music department Biola uni versity. In addition, a FAFSA will need to be filed unless a student can demonstrate disqualification for need-based aid. Nole: N1,,w fi111111ci11/ aid 11pplicatio11s need to bt' filed for each 11mdr1mic year. WHEN TO FILE The following deadlines have been established for the
FINANCIAL AID WITHDRAWAL/ RETURN OF AID POLICY
Biola University ' s "Financial Aid Withdrawal Policy" is employed when a scudent withdrawals during a semester prior to completing the 60% point of the semester. Financial aid adjust ments caused by a change in semester enrollment stacus (scu dent remains enrolled in at lease one course) are not included in this policy, buc are addressed in the Fi11u11cial Aid Ha11d/)(Jo/:. If a recipient of financial aid withdraws during a period of enrollment, the amount of financial aid earned will be calculated according to regulations or policies established for the various categories of aid. The unearned aid will be returned co the various aid sources. These sources include: Title IV Financial Aid - Most types of government aid are included in this category, i.e. Federal Pell Grant, Fed eral SEOG Grant, Perkins Loan, Stafford Student Loan, PLUS Loan. (Work Study is not included in the with drawal calculation) State Aid - Includes Grants awarded by the California Student Aid Commission, i.e. Cal Grant A, B, and T. Institutional Aid - Includes all sources of financial aid awarded by Biola University, i.e. scholarships, grants and loans with the exception of employee or employee dependent tuition waivers. Outside Assistance - Includes any aid received from out side organizations, i.e. churches , civic organizations, Employee Tuition Waivers, private foundations, schol arship associations, etc. When a student wishes to withdraw from Biola Univer sity, a "Departure Card" must be obtained from and submit ted to the Office of the Registrar. The official withdraw date is the earlier of the dace the student begins the with drawal process , or the dace the student provided official notification of the intent to withdraw, and received acknowl edgement of the same from the Office of the Registrar. Students who unofficiall y withdraw (fail to submit depar ture card, hut swp attending class) will be given an offi c ial withdrawal dace determined by the lase dace of cl ass atten dance. If the last date of attendance cannot he determined, the official withdrawal date will be the .SO% point of the semester. Return of Aid Title IV Aid - Federal aid muse be returned to the Title IV program(s) if a student withdrew on or before complet ing 60% of the enrollment period (semester or term) . The percentage of Title IV aid to be returned is equal co the number of calendar days remaining in the semester divided by the number of calendar days in the semester. Scheduled breaks of more than four consecutive days are excluded.
various aid programs: Cal Grant Programs New Applicants Renewals
March 2 March 2
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 1 in order to receive the optimum aid package.
Financial Information• 15
Made with FlippingBook flipbook maker