FINANCIAL INFORMATION ship is based on need and pre-med potential. Application forms avail able from the pre-med advisory committee, department of biological science. In addition to those offered by the school, other scholarships are provided through the generosity of donors. Questions concerning these awards should be referred to the director of student financial services. GRADUATE FINANCIAL AID
when theyhave 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 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. 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 employment, it does make an effort to place· every student desiring work. Jobs are available both on and off campus, according to students' ability, capacity to handle the added burden of employment and financial need. Normally, a student can expect to earn $1 ,100 to $1 ,600 per year part-time (based on $3.35 per hour minimum wage). Howev er, 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 Applica tion for California (SMC) or (non-California residents) a Financial Aid Form (FAF) . In both cases , "Biola University - CSS Code 4017" should be included in the appropriate sections. All undergraduate California residents are expected to apply for one of the Cal Grant programs, using the SMC. Pell Grants may be applied for by completing the appropriate section of the SMC 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 Un iversi ty. 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: March 2. Renewals: March 2. University Aid - All Applicants: March 1. * *April I is the university financial aid application deadline. However, the SMC or FAF will need to be filed byMarch I 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 app lied 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.
Before applying, applicants should make realistic assessment of their resources for financing graduate study in view of the graduate tuition and fee schedule and the cost of living in Southern California. The following federal aid programs are available to graduate stu dents. Please refer to the appropriate section above for additional information. Perkins Loan Guaranteed Student Loan - up to maximum $7,500 per year. College Work Study. In addition, the following aid programs are available specifically for graduate study. California State Graduate Fellowship - Available to state resi dents only; requires a financial statement, eligibility application and GRE or other appropriate test scores. RSP (Graduate) Assistantships-Available to selected second year students and above; eligibility requirements and use of funds is estab lished through Rosemead faculty committees. Minority Fellowships - Available to qualified Rosemead students on the basis of need. Requires a Financial Statement (FAF) and Graduate Aid Application. Graduate Grants - Available in limited amounts to students who demonstrate a financial need; requires an FAF and Graduate Aid Application. Preference is given to students who have completed one or more years of graduate study. Nancy Meyers Nauman Scholarship Fund - Available to students enrolled and pursuing a degree in a graduate seminary program. Student Ministries Inc. - Provides a means for family and friends to make tax-exempt contributions to a student while in seminary, if student is engaged in 8 or more hours of weekly ministry. GENERAL FINANCIAL AID INFORMATION The following apply to both undergraduate and graduate aid appli cants. Entitlement Aid Biola University is authorized as an institution to grant benefits to veterans and dependents of veterans, social security benefits and assis tance from the California Rehabilitation Program. Students interested in this type of aid should contact the office of admissions and records. If an applicant is a non-California resident but a resident of the United States, he/she mayobtain a loan through his/her state's Higher Education Loan Program, by contacting a participating bank in his/her home area. If his/her state participates in the GSL program, . he/she may contact a bank in his/her community. Short Term Loans Biola University has certain revolving funds which are used for short-term student loans. Astudent may borrow up to $500 per year (for emergency purposes) ; the loan is interest free , the only charge being a nominal service fee of $2.00 per $100 borrowed. In general, these are reserved for students whose needs are of a short duration as the entire amount must be repaid before each fall semester begins unless a renewal for one year has been granted. These loans are generally not available for non-educational expenses, such as purchase of cars, marriage expenses, etc. 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
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