FINANCIAL INFORMATION
APPLICATION FOR AID Students may apply for finan cial aid by filing a Free Appl ication for Federal Student Aid - FAFSA - and a Un i versity Aid Application. Biola University and the school code should be included on the appropriate sections. For FAFSA, Biola's code number is 001122. All undergraduate Californ ia residents are expected to apply for one of the Cal Grant programs, using the FAFSA and GPA Verification form. Pell Grants may be applied for by completing the FAFSA. Departmental applications for scholarships (for music, ath letics and forensics) are ava ilable from departments only. For exarnple, 1mite to the chaimwn, music department Biota univer sity. In addition , a FAFSA wi ll need to be filed unless a stu dent can demonstrate disqualification for need-based aid. Note: Nrw financial aid applications need lo be filed for each academic year. WHEN TO FILE The fo ll owing deadlines have been establi shed for the
■ 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 they must earn the above GPA (for that semester) or they will 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 dents with GPA's less than 2.0 are ineligible for aid. Quantity of Progress - "Unit Completion Requirement" Students requesting aid must make progress toward a degree as follows: Undergraduates Full-time: 24 units per year Graduates Full-time: 18 units per year Unit completion is reviewed at the end of each academic year in June. Summer is considered part of the Spring semester for progress purposes. The following grades are considered to demonstrate satis factory course completion: A, B, C, D, and CR. These grades do not demonstrate course completion: F, Incomplete, With drawal , Unofficial Withdrawal, and Report Delayed. Repeated cou rses for which a satisfactory grade has been given may be counted only once for the purpose of aca demic progress. Remedial course work maybe considered if the coursework isspecifi cal lyprescribed by the student's academic advisor. Students who fail to complete the required number of unit.s per academic year will be suspended from financial aid until the deficit uniL1 are made up. Deficit units can be made up eith er in the summer and/ or by petitioning for a semester of "Aid Probation" by submitting a Letter of Petition to Financial Aid Office. 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 to complete an aca demic program within a reasonable time frame (including transfer units) as follows: Undergraduates Full-time: 11 semesters Part-time: 17 semesters Graduates Full-time: 11 semesters Part-time: 17 semesters Time frame is reviewed at the end of each academic year. Student.s may appeal for extended time fry submitting a letter of petition lo Financial Aid Office.
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various aid programs: Cal Grant Programs New Applicants
March 2 March 2
Renewals
University Aid All Applicants
March 2* *March 2 is the deadline for Ca l Grants and the full need-based aid and university awards. However, students are encouraged to apply as soon as possible after January I in order to receive the optimum aid package. FINANCIAL AID DISBURSEMENTS Al l financial aid is awarded for the academic year; one half is applied to a student's school account each semester (un less stated otherwise). Students enrolled for only one semester are entitled to only that semester's award after it is adjusted to a one-semester expense budget. Not ava ilable for interterm or summer school , except sources that are man dated by federal regulations. SATISFACTORY ACADEMIC PROGRESS POLICY Students auend ing Biola University who wish to receive financial aid , in all forms including federal , state, Veterans benefits, Social Security benefits, etc., in addition to meeting other eligibility criteria, must be in good academic standing and making satisfactory academic progress in their degree or certificate program. Quality of Progress - "Good Academic Standing" Students requesting aid must maintain a minimum cumulative GPA as follows: Undergraduates - 2.0 Graduates - 2.5
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