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Crowell School of Business: Scholarships & Aid

See the information below to learn more about scholarships and loans available for graduate students in the Crowell School of Business.

Scholarships

AICPA Legacy Scholarships

Biola students enrolled in the Master of Professional Accountancy (MPAcc) program may apply for legacy scholarships from the Association of International Certified Professional Accountants (AICPA).

Amount

Multiple scholarships are available ranging from $3,000 to $10,000.

Application

Review the different scholarships available and apply on the AICPA site.

Deadline

Varies.

Eligibility

Eligibility requirements vary. Please see scholarship-specific information on the AICPA site.

CalCPA State Accounting Education Masters Scholarship

CalCPA (California's state accounting society) offers this scholarship to those who have been admitted to a master's program in tax or accounting.

Amount

Varies

Application

Students must submit a CalCPA application.

Deadline

October 31

Eligibility

Students must have been admitted to a master’s program in tax or accounting to be eligible for this scholarship.

Renewable Status

Students will need to reapply each year through the CalCPA website.

Harold Taber MBA Scholarship

An MBA Mentor who was inspired by what Scripture teaches about Jethro, Moses’ father-in-law, originated this scholarship. Jethro was a mentor to Moses, providing instruction on managing people that remains applicable today. Like Jethro, Harold Taber saw an opportunity for mentoring and created Crowell's MBA Mentor Program. This scholarship is named for Harold and is intended to support students in the program as they extend their education and stand in the gap for Christ.

Amount

The scholarship award amount is $500–$5,000 per year (divided between fall and spring semesters), based on the applicant’s qualifications.

Application

Students need to submit the Harold Taber MBA Scholarship Application.

Deadline

July 1, 2019

Renewable Status

No, this scholarship is not renewable. Students must reapply each academic year.

MPAcc Scholarship Fund

The MPAcc Scholarship Fund is provided by donors to the program and is for graduate students looking to obtain their Master of Professional Accountancy only. All applicants interested in the MPAcc Scholarship Fund should submit an application and complete their FAFSA.

Amount

Varies year to year, student to student.

Application

Students must review the following application guidelines:

  1. Submit an application for the MPAcc Scholarship Fund
  2. Complete the FAFSA (international students ineligible)
Deadline

Students must be aware of the following deadlines:

  • December 1 — Deadline for spring semester
  • June 30 — Deadline for fall semester
Renewable Status

No, this scholarship is not renewable, and is distributed based on availability of funds. Students are able to apply more than once if funds are available.

Ahmanson Veterans Scholarship

The Ahmanson Veterans Scholarship was generously donated by The Ahmanson Foundation in an effort to support veterans who are eligible for the Post-9/11 GI Bill®. Funds are applicable to tuition, Collegium membership, and the Biola Counseling Center.

Amount

Up to $1,500 per year (for graduate students)

Application

Students must review the following application guidelines:

  1. Complete the FAFSA (with Biola listed)
  2. Provide a current Certificate of Eligibility to military.benefits@biola.edu
  3. Log into the Scholarship Portal
    • Complete the General Application
    • Search for and complete the “Ahmanson Veterans Scholarship” form
Deadline

Funds will be awarded first-come, first-serve throughout summer.

Eligibility

Students must review the following eligibility requirements:

  • Student veterans with current Chapter 33 Post 9/11 GI Bill® benefits are eligible to apply.
  • Student is eligible if he or she has demonstrated financial need and is at least a half-time student.
Renewable Status

No, this scholarship is not renewable. Students must reapply annually based on financial need and availability of funds.

Loans

Direct Unsubsidized Loan

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

Up to $20,500.

For current Direct Loan interest rates and origination fee amounts, please visit the Federal Student Aid website.

Application

Students must complete the following applications:

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

Student must be enrolled at least half-time.

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.

Graduating/Departing Information

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

Direct Grad Plus Loan

The Direct Grad Plus Loan is a loan funded by the U.S. Department of Education that must be repaid with interest.

Amount and Interest

Up to cost of attendance minus financial aid.

For current Direct Loan interest rates and origination fee amounts, please visit the Federal Student Aid website.

Application

Students must complete the following applications:

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

Student must be enrolled at least half-time, and must meet federal credit check standards.

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

No, this loan is not renewable. Students must apply yearly using the applications linked above

Graduating/Departing Information

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

Private Student Loan

You may choose to borrow Private Student Loan funds from a private financial institution to help fund your education after all other resources have been exhausted:

  • Federal direct loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness benefits, which other student loans are not required to provide.
  • Federal direct loans are available to students regardless of income, whereas private student loans are dependent on student (and cosigner) credit. Private loans are not federally funded, and are dependent on student (and cosigner) credit. Private loans tend to have higher interest rates than federal direct loans, and in most cases, PLUS loans.
Amount and Interest

Minimum loan amounts begin at $1,000 and may also be large enough to cover the remaining cost of attendance (varies by lender).

Maximum loan amounts are determined by subtracting all of a student's financial aid from their cost of attendance for the school year.

Interest rates vary by lender.

Application

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.
Deadline

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.

Eligibility

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).

Cosigner Requirements

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.

Renewable Status

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

Additional Resources

Know Your Options

The Office of Financial Aid provides different resources that can help you plan out your finances as you pursue your Biola education.

Financial Aid Counseling

Have questions about the process? Call us or come by our office for a drop-in appointment with a knowledgeable financial aid counselor — they can help.

Connect With a Counselor

Contact Us

The Office of Financial Aid is here to answer questions you have about the financial aid process. Contact us in person, by phone or email.

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