3. Deferred Payments : The balance of the student's account after the down payment is payable in 3 payments (Oct.-Dec.) for the fall semester and 3 payments (Mar.-May) for the spring semester. A finance charge of 1 % per month of the unpaid balance at each billing is added for carrying the account . All payments are due on or before the 25th of the month as indicated in the billing summary. LATE CHARGES Payments not received by the 15th of the month following the payment due date, are subject to an additional ½% per day late charge, calculated from the 25th, up to a maximum of $5.00 . This late charge is based on the delinquent amount and is in addition to any fin_ance charge due on the unpaid balance. Transcripts may be withheld if a student has financial obligations to the college. All payments to a student's account after enrollment should be addressed as follows: Biola College Accounting Department 13800 Biola Avenue La Mirada, California 90639 In addition, to whom the payment is to be credited must be clearly stated. All students anticipating a need for financial assistance (loans, grants and scholarships) must arrange for their parents to file a financial statement with College Scholarship Service. Request for financial aid will not be processed until this statement has been received by Biola College. A student is not registered and cannot attend classes until satisfactory financial arrangements have been made with the Office of Student Financial Services. REFUNDS Inasmuch as faculty engagements and other commitments are made by the college for the entire year in advance, the following refund schedule has been established in order that the college 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 $50 .00 (Students with six or fewer units, $25.00; Auditors, $20.00). 2. Board-pro-rated as of end of week in which meal ticket is turned in to cashier. 3. Room-pro-rated as of end of the month in which student withdraws. 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 withdraws.
2. Board-same as above. 3. Room-same as above but pro-rated by the week if room is re-rented before end of month. Withdrawal after eighth week of classes: 1. Tuition-no refund. 2. Board-same as above. 3. Room-same as above. Intersession and Summer School refund policy: 1. Room is pro-rated to the end of the week of official withdrawal. 2. $20.00 of the tuition charge is considered a registration fee and is non-refundable. 3. Per /unit refunds are subject to the following schedule: -1st week - complete refund, except $20 registration fee . -In a 2 week course - no refund the 2nd week. -In a 3 or 4 week class, 30 per cent refunded during the 2nd week, none thereafter. -In 5 week classes, 58 per cent the 2nd week, 30 per cent the 3rd 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 submitting a Departure Card, 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 6th week. FINANCIAL AID INFORMATION It is the desire of Biola College, within the limits of its resources, to provide financial assistance to all needy students, especially those who, without such aid, would not be able to attend Biola College. The Office of Student Financial Services offers counseling and assistance in ascertaining the most appropriate forms of financial aid for each student. Most financial aid awards are based on demonstrated financial need.
Biola College does not discriminate on the basis of sex, race, color, national and ethnic origin in administration of
its scholarship and loan programs. APPLICATION FOR AID
Students may apply for financial aid by filing a Student Aid Application for California (SAAC) or a Financial Aid Form (FAF). In both cases, "Biola College - CSS Code 4017" should be included in the appropriate sections.
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