FINANCIAL INFORMATION
FINANCE CHARGES Afinance charge of 1.5% per month of the first $1,000 of unpaid balance and 1% per month of unpaid balance over $1,000 is added at each billing to carry the account. Tran- scripts (official and unofficial) are withheld if a student has an outstanding obligation to the Un iversity or is in default on any government based loans. All payments to a student's account after enrollment should be addressed as follows: Accounting Department Biota Un iversity 13800 Biota Avenue La Mirada, CA 90639-0001 In addit ion, to insure time ly processing, the student name and ID number must be clearly noted on all payments. 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 facu lty engagements and other commitments are made by the Un iversity for the entire year in advance, the fo llowing 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 with in the first two weeks of classes: I. Tuition - full amount, less enrollment deposit (stu- dents 11~th 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-
■ 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. Tuiti on refunds for class changes (where applicable) wi ll 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). Al l refunds must be requested by properly comple ting and submitting a departure card or class drop fo rm, 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 tuiti on, except no refund after the sixth week. REFUNDS-OVERPAYMENT Payments to student accounts which result in a credit bal- ance wi ll be refunded upon request. Refund requests will not be processed until the cred it balance appears on the student's monthly statement. Requests for adjustments to charges must be made within 4 months from the date of the student 's statement on which the charge first appears. FINANCIAL AID INFORMATION It is the desire of Biota University, within the limi ts of its resources, to provide financial assistance to students with demonstrated need, especially those who, without such aid, would not be able to attend Biota. The Financial Aid Office provides counseling and assis- tance to students and their famili es 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 fami ly support; fed- eral and state grants and loans; and financial aid from Biota. Biota Un iversity does not discriminate on the basis of sex, race, color or national and ethnic origin in administration of its scholarship and loan programs. UNDERGRADUATE FINANCIAL AID Institutional Aid All students receiving merit awards and/ or need-based aid are required to file a FAFSA, or provide proof of need based dis- qualification by submitting page one of the 1994 1040 tax form showing an adjusted gross income in excess of$60,000. Bio/a Need Grant. Biola's Financial Aid Commitment. The Un iversity will provide a Biota Need Grant up to $4,500 to stud ents with exceptional need and limited resources
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dent withdraws. WeekJ-80% Week6-60%
Week 4- 74 % Week 7-54 %
Week5-67%
WeekB-47% 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- ciallychecks out the residence hall. First-time freshmen receiving federa l Student Financial Assistance are subject to the Statutory Pro Rata Refund as prescribed by federal law. lnterterm and summer session refund policy 1. 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. Pre/ unit refunds are subject to the fo llowing schedule:
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