Loans

Students must complete the following applications:

1. FAFSA (online form; with Biola listed)
2. Direct Loan Master Promissory Note & Entrance Counseling (online form)

April 15 — This is the recommended deadline in order 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 in order to be processed.

Students must meet the following eligibility requirements:

• Student must be enrolled at least half-time
• Financial need, as determined by the FAFSA, will determine whether the student is eligible to receive subsidized or unsubsidized funding
  

Loan repayment is deferred while a student is enrolled at least half-time in a degree program. Repayment typically begins six months after a student drops below half-time enrollment.

Yes, this loan is renewable yearly (with the completion of a FAFSA). MPN is valid for up to 10 years.

Students must complete exit counseling online in preparation for graduating/completing their program.

See the following required applications:

1. Students must complete the FAFSA (online form; with Biola listed)
2. Parents must complete the Direct Parent PLUS Loan Application, Master Promissory Note & Entrance Counseling (online form)

June 1 — This is the recommended deadline in order 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 in order to be processed.

Students and parents must meet the following eligibility requirements:

• Student and parents must be either U.S. citizens, or eligible non-citizens with a U.S. address
• The student must be enrolled at least half-time in an eligible degree program

Loan repayment is deferred while a student is enrolled at least half-time in a degree program. Repayment typically begins six months after a student drops below half-time enrollment.

No, this loan is not renewable. Parents must reapply each academic year.

Students must contact the Department of Communication Sciences and Disorders directly for the steps to apply for this loan.

1. Eligible students are given the option to accept or decline the loan through myaccount.biola.edu.
2. Once the student accepts the loan, they are responsible for calculating their cost of attendance (COA). COA numbers for each degree program are listed in then FAQ section.
3. After the student accepts the loan, documents for an electronic signature will be prepared by ECSI, Biola's third party loan document processor. The student will then be notified by ECSI by email to their Biola email address when documents are ready to be signed.
4. Once all documents and online processes with ECSI are completed, Biola will be notified and the loan will be ready for payment to the student's Biola account.
   

There is no deadline for this application, but priority is given to the earliest applicants with completed financial aid requirements.

Students must meet the following eligibility requirements:

• Student must be pursuing a degree in communication sciences and disorders
• Student must be at minimum half-time enrollment
• Eligibility is based on financial need and availability of funds
  

Repayment begins when one or more of the following student status changes occurs:

• Student has graduated (repayment begins six months after graduating)
• Student has dropped below half-time status
• Student has withdrawn from Biola
  

Students must contact the Department of Communication Sciences and Disorders to learn about directions on renewing the loan.

Students must complete the following application requirements:

1. Apply for FAFSA (online form; with Biola listed)
2. Once the student completes the FAFSA and submits all other paperwork requested by the Office of Financial Aid, the Office of Financial Aid will determine the nursing loan eligibility. If eligible, the student will be notified directly by the Office of Financial Aid.
3. Once the student accepts the loan, they are responsible for calculating their cost of attendance (COA). COA numbers for each degree program are listed in the FAQ section.
4. After the student accepts the loan, documents for an electronic signature will be prepared by ECSI, Biola's third party loan document processor. The student will then be notified by ECSI by email to their Biola email address when documents are ready to be signed.
5. Once all documents and online processes with ECSI are completed, Biola will be notified and the loan will be ready for payment to the student's Biola account.

There is no deadline for this application, but priority is given to the earliest applicants with completed financial aid requirements.

Eligibility for this loan is determined by the Office of Financial Aid (and is based on financial need and availability of funds).

Repayment begins when one or more of the following student status changes occurs:

• Student has graduated (repayment begins nine months after graduating)
• Student has dropped below half-time status
  

This loan may be renewable based on availability of funds and eligibility each year.

Students can complete a loan application with their chosen lender, or may look for a lender on our Preferred Lender List. Please note the following additional details:

1. Part of your loan application will include completing an Applicant Self-Certification Form. This includes calculating your estimated cost of attendance. Learn more about how to do that on our FAQ page.

June 1 — This is the recommended deadline in order 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 in order to be processed. Please allow 4–6 weeks for processing.

Generally, the borrower must be a U.S. citizen, eligible non-citizen with a U.S. address, or an international student with a U.S. citizen cosigner (varies per lender).

Criteria varies per lender. Unless you are steadily employed, earn at least $12,000 a year, and have a stable credit history with a good FICO score (over 700), you will more than likely need a cosigner in order to be approved for a private student loan.

No, these loans are not renewable. Students must apply yearly using the application resources linked above.