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Financial Aid Opportunities

As a fully online bachelor student at 91ÆÞÓÑ, you have the opportunity to earn your degree at roughly one-third of the cost of regular tuition. Your financial aid opportunities differ from our traditional undergraduate aid, so learn more about the aid options available below.

Questions About Online Bachelor’s Student Aid?

If you’re looking for more information about financial aid opportunities for online bachelor’s students, contact the Financial Aid Aid Office at (562) 903-4742 or email us at finaid@biola.edu.

Loans

Online bachelor’s students who are U.S. citizens are eligible for the federal loans listed below, and should note that because of the mandatory trimester structure for online bachelor’s degree programs, any aid received is split into thirds (as opposed to halves, based on a traditional semester schedule).

    Direct Subsidized & Unsubsidized Loans

    The Direct Loan is a loan funded by the U.S. Department of Education that must be repaid with interest. Amount determined by the Free Application for Federal Student Aid (FAFSA).

    Amount and Interest
    Grade Level Base Direct Loan Dependent Undergraduate Unsubsidized Independent Undergraduate Unsubsidized
    Freshman
    (0-26 credits)    		 $3,500 $2,000 $6,000
    Sophomore
    (27-56 credits)    		 $4,500 $2,000 $6,000
    Junior
    (57-87 credits)    		 $5,500 $2,000 $7,000
    Senior
    (88+ credits)    		 $5,500 $2,000 $7,000

    For current loan interest rates and origination fee amounts, please visit the .

    Application

    Students must complete the following applications:

    1. (online form; with Biola listed)
    2. (online form)
    Deadline

    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.

    Eligibility

    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
    Repayment

    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.

    Renewable Status

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