13 FINANCIAL INFORMATION
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University. Students are not required to repay the University, but it is hoped that recipients will contribute to the fund when they have completed 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 applicants 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. Student Employment The University maintains an employment office for the benefit of students needing part-time work to defray expenses. While this office does not guarantee employ ment, it does make an effort to place every student desiring work. Jobs are available both on and off campus, according to student's ability, capacity to handle the added burden of employment and financial need. Normally, a student can expect to earn $1,200 to $1,800 per year part-time (based on $4.25 per hour minimum wage). However, larger amounts may be earned based on previous work experience and hours available for employment. The student who finds it necessary to work for the entire amount of his living expenses should plan to extend the time required for his course of study and to reduce his academic load. APPLICATION FOR AID Students may apply for financial aid by filing a Student Aid Application for California (SAAC) or (non Califm:nia residents) a Financial Aid Form (F AF). In both cases, "Biola University - CSS CODE 4017" should be included on the appropriate sections. All undergraduate California residents are expected to apply for one of the Cal Grant programs, using the SAAC. Pell Grants may be applied for by completing the appropriate section of the SAAC or FAF. Departmental applications for scholarships (for music, athletics and forensics) are available from departments only. For example, write to the chairman, music department, Biola University. Note: New financial aid applications need to be filed for each academic year.
WHEN TO FILE? The following deadlines have been established for the various aid programs: CAL GRANT PROGRAMS New Applicants: March2 Renewals March2 UNIVERSITY Arn All Applicants March 1. * * April 1 is the University financial aid application dead line. However, the SAAC or FAF will need to be filed by March 1 to allow for adequate processing time. Late applications will be processed as time and funds permit. 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 only one semester are entitled to only that semester's award.
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