FINANCIAL INFORMATIDN
GENERAL FINANCIAL AID INFORMATION The fo llowing apply to both undergraduate and graduate aid applicants. Entitlement Aid Biola University is authorized as an institution to grant bene fits to veterans and dependents, social secwity benefits and assis tance from the Cali forn ia Rehabilitation Program. Students interested in this type of aid should contact the Registrar's Office. Student Loans Biola wi ll notify all aid applicants of their eligibili ty to borrow through the Federal Family Educational Loan Pro gram, including the Stafford Loan. Biola will send a Stafford Application to eve,)' eligibl e appli cant 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 studen ts 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 otherswho are in need. International Students International applicants must establish the degree of their abili ty to meet the costs of an education at Biola University. Each international applicant must submit a signed statement of financial responsibi li ty as we ll 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 al least two thirds of their college funding from Canadian sources are eligible for the Tuition al Par (TAP) Grant for the Fall and Spring semes ters. The TAP Grant covers the difference between U.S. and Canad ian dollars as calculated at the beginning of each semester. The grant is calculated after the student's other un iversity aid is considered. Student Employment The Universi ty maintains an employment office for the benefit of stude nts need in g 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 avai lable both on and off campus, according to stu dent's abili ty, capacity to handle the added burden of employ ment and financial need. Normally, a student can expect to work 15-20 hrs./wk. when can)'ing a full class schedule. Previ ous work experience and hours avai lable 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.
State Aid To Students Cal Grant A's are made available to hundreds of Cali fo r nia residents each year. Eligibility is based on G. P.A. and fin ancial need. In addition, many students from low income fami lies receive funds through the Cal Grant BProgram. Students attending Biola are not eligible to receive funds through the Cal Grant C program. FAFSA fo rm must be filed by March 2 deadline and new applicants must file a Cal Grant G.P.A. verification form by March 2. 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 li v ing in Southern Cal ifornia . The fo llowing federal aid programs are ava ilable to grad uate students. Please refer to the appropriate section above for additional information. Federal Perkins Loan. Up to $1,000 per year. Limited avai labili ty. Federal Sla!fvrd Loans (formerly CSL). Up to maximum $8,500 per yea r. Federal Unsubsidized Sla!fvrd Loans. Up to $10,000. In add iti on, the following aid programs are avail able spedficallyfor graduate study. Califomia Slate Graduate Felwwships. Avai lable to state residents who are planning to teach at the coll ege level; requires a financial statement, eligibili ty application and GRE or other appropriate test scores. Church Matching Scholarship. 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 avai lable to ELI 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 sp1ingentrants on ly) is March I. Rosemead (Graduate) Assislanlships. Avai lable lO selected second year students and above; eligibility requirements and use of funds is established through Rosemead faculty committees. Rosemead Faculty Discrelioncuy Scholarship. Ava ilable to quali fied Rosemead students on the basis of need. Requires FAFSA fo rms. Graduate Grant. Ava ilable in limited amounts Lo students who demonsu-ate financial need. Requires a FAFSA filed by fall registration . Student Ministries Inc. Provides a means for familyand fri ends to make tax-exempt contributions to a student whi le in seminary, if student is engaged in 8or more hours ofweekly minisu-y. Talhol Dean's Scholarship. Avai lable to Talbot student's on basis of need. Awarded by Talbot School ofTheology.
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