FINANCIAL INFORMATION
GRADUATE FINANCIAL AID Before applying, applicants should make realistic assess- ment of their resources for financing graduate study in view of the graduate tuition and fee schedule and the cost of liv- ing in Southern California. The following federal aid programs are available to grad- uate students. Please refer to the appropriate section above for additional information. Fe,deral Perkins Loan. Up to $1,000 per year. Limited availability. Federal Staffmd Loans (formerly CSL). Up to maximum $8,500 per year. Fe,deral Unsubsidiud Stafford Loans. Up to $10,000. In addition ,' the following aid programs are avai labl e specifically for graduate study. California Stat.e Graduat.eFel/JJwships. Available to state residents who are planning to teach at the coll ege leve l; requires a financial statement, eligibili ty application and GRE or other appropriate test scores. Church Matching Sclwlarship. Up to $500 from Biola. Biola will match one award per year up to $500 for a full-time student. The match is prorated for part-time and Doctor of Ministries students. Not available to BOLD students. The Church's award must be submitted in full within the first four weeks of the semester, and must be accompanied by the Church Matching Scholarship Application signed by the pas- tor or Church Board Member. Fall semester deadline is Oct I. Spring semester deadline (for spring entrants only) is March I. Rosemead (Graduat.e) Assistantships. Avai lable to selected second year students and above; eligibili ty requirements and use of funds is established through Rosemead faculty committees. Rosemead Faculty Discretionary Scholarship. Avai lable to quali- fied Rosemead students on the basis of need. Requires FAFSA forms. Gradual£ Grant. Available in limited amounts to students who demonstrate financial need. Requires a FAFSA filed by fall registration. Nancy Meyers Nauman Scholarship Fund. Assistance is available to students enrolled and pursuing a degree in a graduate seminary program. Student Minist1ies Inc. Provides a means for family and friends to make tax-exempt contributions to a student while in seminary, if student is engaged in 8or more hours ofweekly ministry. TallJot Dean's Sclwlarship. Available to Talbot student's on basis of need. Awarded by Talbot School ofTheology. GENERAL FINANCIAL AID INFORMATION The following apply to both undergraduate and graduate aid applicants. Entitlement Aid Biota University is authorized as an institution to grant bene- fits to veterans and dependents, social security benefits and assis-
tance from the California Rehabilitation Program. Students interested in this type of aid should contact the Registrar's Office. Student loans Biota will notify all aid applicants of their eligibility to borrow through the Federal Family Educational Loan Pro- gram, including the Stafford Loan. Biola will send a Stafford Application to every el igible applicant and a list of recom- mended lenders. If an applicant choosers a lender that is not listed on the lender list, he should contact that lender for an application. Student Aid Grants As funds are available, Student Aid Grants are made to needy students from the Student Aid Fund. This fund is maintained by gifts from friends of the University. Students are not required to repay the University, but it is hoped that recipients will contribute to the fund when they have com- pleted school in order to provide for others who are in need. International Students International applicants must establish the degree of their ability to meet the costs of an education at Biola University. Each international applicant must submit a signed statement of financial responsibility as well as signed statements from any agencies or individuals who have taken the 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 Un iversity maintains an employment office for the benefit of students needing part-time work to defray expenses. While this office does not 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 to handle the added burden of employ- ment and financial need. Normally, a student can expect to work IS-20 hrs./wk. when carrying a full class schedule. Previ- ous work expeiience and hours available for employment will result in better rates of pay than the $4.25/ hr. minimum wage. Students who find it necessary to work for the entire amount of their living expenses should plan to extend the time required for their course of study and to reduce the academic load.
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