Financial Information cont.
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 finan cial 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 stu dents' ability, capacity to handle the added burden of employ ment and financial need . Normally , a student can expect to earn $1100 to $1600 per year part-time. (Based on $3.35/hr minimum wage) . 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-California residents) a Financial Aid Form (FAF) . In both cases , ' 'Biola University CSS Code 4017" should be included in the appropriate sections. A graduate supplement is required of all graduate applicants. All undergraduate California residents are expected to apply for one of the Cal Grant programs, using the SAAC. First time applicants will al so need to file the appropriate Cal Grant Supple ment(s). Renewal supplements will automatically be mailed to those eligible for renewal. Pell Grants may be applied for by completing the appropriate section of the SAAC or FAF. Departmental applications for scholarships (for music , athletics , art 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: Feb. 10 - Renewals: Late March University Aid - All Applicants: March I* . *April 1st is the university application deadline. However , the SAAC or FAF will need to be filed by March Ist 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 semesterare entitled to only that semester's award.
California . The university cannot provide guarantee of financial assistance for first year students. The following federal aid programs are available to graduate students. Please refer to the appropriate section above for addi tional information. National Direct Student Loan Guaranteed Student Loan College Work Study In addition, the following aid programs are available specifically for graduate study. California State Graduate Fellowship - Available to state residents only; requires a financial statement, eligibility applica tion and GRE or other appropriate test scores. RSPAssistantships -Available to selected second year students and above; eligibility requirements and use of funds is established through Rosemead faculty committees. Minority Fellowships - two available to qualified Rosemead students on the basis of need. Requires a Financial Statement (FAF) and Graquate 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 com pleted one or more years of graduate study. GENERAL FINANCIAL AID INFORMATION The following apply to both undergraduate and graduate aid applicants. Entitlement Aid Biola University is authorized as an institution to grant benefits to veterans and dependents of veterans, social security benefits , and assistance from the California Rehabilitation Program . Students interested in this type of aid should contact the office of admis sions and records. If an applicant is a non-California resident but a resident of the United States, he may obtain a loan through his state ' s Higher Education Loan Program, by contacting a participating bank in his home area. If his state participates in the GSL program, he may contact a bank in his community . Short Term Loans Biola University has certain revolving funds which are used for short-term student loans. A student 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 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 ex penses, 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 when they have completed school in order to provide for others who are in need.
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