FINANCIAL INFORMATION
In addition, to whom the payment is to be credited must be clearly stated. Astudent is not registered and cannot attend classes until satisfac tory financial arrangements have been made with the office of student financial services. REFUNDS Inasmuch as faculty engagements and other commitments are made by the university for the entire year in advance, the following refund schedule has been established in order that the university and the student may share the loss equitably when it is necessary for a student to withdraw from school: Withdrawal within the first two weeks of classes: 1. Tuition - full amount, less enrollment deposit (students with six or fewer units, $25; Auditors, $20) . 2. Room - end of the month in which the student officially checks out of the residence hall. Withdrawal after the second week and before the end of the eighth week of classes: 1. Tuition - pro-rated as of end of week in which student with draws. 2. Room - end of the month in which the student officially checks out of the residence hall . Withdrawals after eighth week of classes: 1. Tuition - no refund. 2. Room - end of the month in which the student officially checks• out of the residence hall. lnterterm and summer session refund policy: 1. Room and Board is pro-rated to the end of the week of official withdrawal. 2. $25 of the tuition charge is considered a registration fee and is non-refundable. 3. Per/unit refunds are subject to the following schedule: - First week - complete refund, except $25 registration fee. - In a two week course - no refund the second week. - In a three or four week class, 30 percent refunded during the second week, none thereafter. - In five week classes, 58 percent the second week, 30 percent the third week, none thereafter. Tuition refunds for class changes (where applicable) will be made in the same manner as refunds for withdrawals (i.e., full refund within first two weeks of classes and pro-rated refund after second week until end of eighth week). All refunds must be requested by properly completing and submit ting a departure card or class drop form, the official withdrawal date determining the amount of refund. Laboratory and activity fees are refundable only if withdrawal is on or before the final date of late registration. Music fees are for private music lessons and are refundable in the same manner as tuition, except no refund after the sixth week. FINANCIAL AID INFORMATION It is the desire of Biola University, within the limits of its resources, to provide financial assistance to needy students, especially those who, without such aid, would not be able to attend Biola University. The office of student financia[ services offers counseling and assis tance in ascertaining the most appropriate forms of financial aid for each student. Biola University does not discriminate on the basis of sex, race, color or national and ethnic origin in administration of its scholarship and loan programs. UNDERGRADUATE FINANCIAL AID Federal Aid The Pell Grant (formerly Basic Educational Opportunity Grant) program is a federal program which is designed to assist students with financial need. The maximum grant for 1987-88 .was $2 ,100 The Supplementary Educational Opportunity Grant (SEOG) pro gram, supported by the federal government, is designed to help needy students.
Work Study employment on campus is available to students who can demonstrate financial need. Under this program federal funds pay 80% of a student's wages , while the university pays the remaining 20% . Wages paid to students in the work study program vary according to the student's qualifications and duties performed. Under the Perkins Loan (NDSL), a student may borrow up to $3 ,000 in his first two years of study and $6 ,000 by the end of his first undergraduate degree. Repayment of Perkins Loan begins six months after graduation or withdrawal from school. If the total amount is paid within six months of graduation, interest will not be accrued. Payments maybe extended over a ten-year period at five percent interest on the unpaid balance. Members of the armed forces on active combat duty and students who transfer to other schools to complete undergraduate or graduate work, may defer payment and interest and extend the repayment period. Guaranteed Student Loans (GSL) are available through local banks, credit unions and savings and loan associations, for citizens and nationals of the United States , or those in the country for other than a temporary purpose. It is the lender's option to make or deny the loan. Banks may require a deposit relationship. The program allows students to borrow up to $2 ,625 as freshman and sophomores and up to $4,000 as juniors and seniors. Applications for GSL may be obtained from the office of student financial services. The student may defer payment until the sixth month after graduation. Interest is charged at a rate of eight percent per year and the student has up to ten years to repay the loan. Nursing Loans (up to $ 1,500 per year) are available to declared nursing majors. The interest on these loans is six percent. Payment may be extended over a ten-year period. California Loans to Assist Students (CLAS) is a new student loan program authorized in 1984. Graduate students, independent students and parents may borrow up to $4,000 annually at a variable interest rate. Repayment maybe deffered while the student is enrolled in six or more units. Interest continues to accrue during this time. State Aid Cal Grant A's are made available to hundreds of California residents each year. Eligibility is based on GPA. and financial need. In addition , several students from low income families receive funds through the Cal Grant BProgram. Students attending Biola are not eligible to receive funds through the Cal Grant Cprogram. Institutional Aid Biola Scholarships include academic, honor, and presidential awards. Academic: $200 to $1,500.33 G.P.A. required. Based upon academ ic achievement and financial need. Honor: One-half tuition annually. 3.80 G.P.A. required for entering freshmen and SAT scores of at least 1000 or equivalent ACT; 3.60 G.P.A required for continuing Biola students based upon academic achieve ment. President's Award: Full tuition. Senior standing with intention to graduate at the end of the school year required, along with a minimum 3.60 G.P.A., attendance at Biola for at least two years as well as personal qualifications. Music Awards, ranging from $600 to $2,600 are made bythe music department to music majors with high-performance and scholastic capabilities. The scholarship must be used for the area in which the applicant auditioned. Recipients mayalso be required to participate in an ensemble activity. 1\vo specially designated scholarships are open to organ and compo sitien majors on an annual competition basis. These prestigious awards, equal to the highest scholarship granted, are The Rayner Brown Scholarship for Composition , and The Timothy Howard Schol arship for Organ . Athletic Scholarships are offered to students who demonstrate outstanding ability and achievement in a particular sport. Forensics Scholarships are offered to participants on the school's competitive speech team. Students awarded this scholarship are not necessarily communication majors. Biological Science pre-med scholarships up to $500 per semester are available to upper division biological science majors. The scholar-
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