Types of Financial Aid

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Federal Pell Grant

Available to undergraduate students who show financial need and have not earned a bachelor or professional degree. The award is based on enrollment status (full-time, half-time, etc.).

Federal Supplemental Educational Opportunity Grant (SEOG)

Available to undergraduate students who have not earned a bachelor or professional degree and demonstrate financial need. Priority is given to students that have completed the financial aid process by May 1. Limited funding restricts the number of awards offered annually, and students must receive Pell in order to receive SEOG.

West Virginia Higher Education Grant
Available to full-time, undergraduate, West Virginia residents. For consideration, the applicant must fill out the FAFSA by April 15 and demonstrate financial need. The student is required to complete 24 credit hours per academic year (Fall and Spring semesters only) and maintain at least a 2.00 cumulative grade point average. Further information about this grant program is available here. WVHEG Awards are subject to reduction or cancellation. Awards are tentative until finalized by the WVHEG program administrators, and eligibility must be verified by your institution. 

HEAPS (Higher Education Assistance for Part-time students)
Available to students who are WV residents enrolled in 3-11 credit hours. Limited funding restricts number of awards, and this grant is awarded on a first-come, first-serve basis. Students’ eligibility will be evaluated after they request the grant, and the grant is typically not awarded until after the add/drop period is over, to ensure that the student is part-time.

West Virginia PROMISE Scholarships
West Virginia PROMISE (Providing Real Opportunities for Maximizing In-state Student Excellence) is a merit-based scholarship program designed to keep qualified students in West Virginia by making college affordable. All applicants must file the FAFSA by March 1. For eligibility requirements and any additional information, visit the PROMISE website.

Federal Work Study
Available to undergraduate students who demonstrate financial need. Priority is given to applications submitted by April 15 of the award year. Positions are available both on and off campus. This money is not disbursed in the form of a refund check to the student. Work study participants are paid semi-monthly for hours worked. Limited funding restricts the number of awards annually. For more information, please contact the Financial Aid Office at ude.puvwnull@dianif.

Federal Subsidized Direct Loan
Available to undergraduate students who demonstrate financial need and are enrolled at least half-time (6 hours). The interest rate on the loan is variable and established each June but will not exceed 8.25%. A processing fee may be deducted from the borrowed amount so the disbursed amount may be slightly less than the borrowed amount shown in the student’s financial aid award package. Loan repayment begins six months after graduation, withdrawing from school, or dropping below six credit hours. Maximum federal annual amounts are $3,500 for freshmen, $4,500 for sophomores, and $5500 for juniors and seniors. However, institutional cost of attendance may reduce those amounts. More information about student loans is available at studentloans.gov.

Federal Unsubsidized Direct Loan
Available to undergraduate students who are enrolled at least half-time (6 hours) and have not had their cost of attendance met through other aid awards. The interest rate will not exceed 8.25%. A processing fee may be deducted from the borrowed amount so the disbursed amount may be slightly less than the borrowed amount shown in the student’s financial aid award package. Loan repayment begins six months after graduation, withdrawing from school, or dropping below six credit hours. However, interest payments on the loan must be paid while the student is in school or deferred and capitalized (added to the principal of the loan). Maximum federal annual amounts depend on other aid that was awarded to the student. More information about student loans is available at studentloans.gov.

Federal PLUS Loan
Available to parents of dependent students who are enrolled at least half-time (6 hours). The parent must have a good credit history and may borrow up to the cost of attendance minus any financial awards. The interest rate on the loan is variable and established each June, but will not exceed 9%. A processing fee may be deducted from the borrowed amount so the disbursed amount may be slightly less than the borrowed amount shown in the student’s financial aid award package.

Faculty and Staff Tuition Waiver Program

Provides a tuition waiver benefit for the full-time benefits eligible employees of West Virginia University at Parkersburg and their qualified spouses or dependents.

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