It is the desire of Biola University, within the limits of its resources, to provide financial assistance to students with demonstrated need, especially those whom, without such aid, would not be able to attend Talbot.

The Financial Aid Office provides counseling and assistance to students and their families in structuring the most appropriate package of financial aid. The University is committed to locating sufficient financial aid to permit enrollment of every student wishing to attend. This commitment is based on a partnership which includes student and family support; federal and state grants and loans; and financial aid from Biola.

• Church Matching Scholarship
• Talbot Dean's Scholarship
• Talbot Graduate Grant
• Federal Direct Stafford Loan (New Students)
• Federal Direct Stafford Loan (Continuing Students)
• Workstudy
• Student Employment
• Talbot Spouse Tuition Reduction
• Talbot Ethnic Ministry Scholarship

Church Matching Scholarship

Eligibility: Demonstrated need based on FAFSA information.
Amount: Up to $500
Renewable: Yearly
Deadline: October 1 (Full-year students; March 2 (Spring-only students)
Application: FAFSA (with Biola listed) and Church Matching Scholarship Application with church check attached and made out to Biola
Funding: Biola Scholarship
Biola will match up to $500 from one church (not multiple churches) every year to both full-year and Spring-only students. Biola will only match the first check received by the deadline of the application. Full-year students will receive the scholarship in the Fall. Spring-only students will receive the scholarship for the spring of that school year.

Talbot Dean's Scholarship

Eligibility: Talbot student, based on applicant qualifications
Amount: Varies

Talbot Graduate Grant

Eligibility: Determined based on financial need. Biola grant calculated on cost of tuition, room and board against other resources available to student; prorated per enrollment.
Amount: Up to $2,200 per year
Renewable: Yes, yearly according to need and availability of funds
Deadline: Priority given to earliest applicants with completed financial aid requirements
Application: FAFSA (with Biola listed.) Students are encouraged to apply as soon as possible for a FAFSA.
Once students complete FAFSA and submit all other paperwork requested by the Financial Aid Office, the Financial Aid Office will determine Graduate Grant eligibility. If eligible, the Financial Aid Office will contact the student.

Federal Direct Stafford Loan (New Students)

Eligibility: Minimum half-time enrollment
Amount: - Base Amount: $8,500 unsubsidized. Additional $12,000 unsubsidized available upon request.
Renewable: Yearly. Must apply every year.
Deadline: June 15th for the upcoming academic year is the recommended deadline for all items requested by the Financial Aid Office (including but not limited to the Stafford Application) to be submitted. This will allow the loan to be processed in time for the beginning of the school year. All loan requests must be received no later than the last day of the semester in which the funds are being requested. This will allow those funds to be processed for that semester.
Application: - FAFSA
- Stafford Loan Entrance Counseling
- Stafford Loan Master Promissory Note
Interest: 6.8%
Funding: Federal Department of Education
Forms:
- Loan Change Form
- Title IV Loan Code of Conduct
- Stafford Loan Application Guide
- Stafford Loan Application Instructions
Interest on unsubsidized loans accrues from the start of the loan. Once students complete FAFSA and submit all other paperwork requested by the Financial Aid Office, the Financial Aid Office will determine whether student receives subsidized or unsubsidized funding. The Financial Aid Office will contact the student regarding loan eligibility.

Federal Stafford Loan (Continuing Students)

Eligibility: Minimum half-time enrollment
Amount:
- Base Amount: $8,500 Unsubsidized 
- Additional Unsubsidized Amount: Up to $12,000
Renewable: Yearly. Continuing students with a valid Master Promissory Note need not apply again
Deadline: June 15th for the upcoming academic year is the recommended deadline for all items requested by the Financial Aid Office (including but not limited to the Stafford Application) to be submitted. This will allow the loan to be processed in time for the beginning of the school year. All loan requests must be received no later than the last day of the semester in which the funds are being requested. This will allow those funds to be processed for that semester.
Application:
- FAFSA
- Stafford Loan Entrance Counseling
- Stafford Loan Master Promissory Note
Interest: 6.8%
Funding: Lending Agencies
Forms:
- Loan Change Form
- Title IV Loan Code of Conduct
- Stafford Loan Application Guide
- Stafford Loan Application Instructions
Interest on unsubsidized loans accrues from the start of the loan. Once students complete FAFSA and submit all other paperwork requested by the Financial Aid Office, the Financial Aid Office will determine whether student receives subsidized or unsubsidized funding. The Financial Aid Office will contact the student regarding loan eligibility.

Workstudy

Work Study is a form of "campus based" financial aid. The Federal Government provides funds to enable students to work and earn money for college expenses. Any student demonstrating financial need as defined by the government's formula of "Federal Methodology" is eligible for Work Study funds. Need is determined through the FAFSA, and the Financial Aid Office can tell you if you are eligible. To apply, submit the Workstudy Application. Your application will be reviewed by the Financial Aid Office and processed on a first come, first served basis. The date the form is received in our office will determine your chances of being approved.

Student Employment

Jobs are available both on and off campus, according to the student's ability, capacity to handle the added burden of employment, and financial need. Normally, a student can expect to work 15-20 hours per week when carrying a full class schedule. Previous work experience and hours available for employment will result in better rates of pay than the minimum wage.

Talbot Spouse Tuition Reduction

A two-thirds tuition reduction to spouse of a fulltime (9 units) Talbot student.

Talbot Ethnic Ministry Scholarship

This scholarship opportunity is for students who are significantly involved in a ministry that promotes ethnic diversity and/or who are ministering to a particular ethnic community. The scholarship is a cooperative partnership between Talbot, the student's home church, and the student, in which each provides one third of the tuition. An application packet may be obtained from Talbot School of Theology.

Please contact the Graduate Admissions Office for additional information and counseling to assist you with your financial aid, at 562-903-4752 or grad [dot] admissions [at] biola [dot] edu.