Financial Aid

FREQUENTLY ASKED QUESTIONS

What is the difference between a grant, a scholarship, and a loan?

                A grant is a gift. It does not have to be repaid and it is based on the student's financial need. A scholarship is an achievement award which is usually based on academic grades, abilities, skills, test scores, class rank, etc. Loans are funds which are borrowed by the student and/or parent. In most cases, loans must be repaid with an interest charge and a specified repayment period.

Is there a maximum income level that will make me ineligible for financial aid?

              No. Income level does not automatically disqualify you for financial aid. Other variables, such as family size and the number of persons in the family attending college, are taken into consideration.

In order to receive financial aid do I have to apply every year?

             Yes. In order to receive consideration for all programs you must file a Free Application for Federal Student Aid (FAFSA) each year. File the FAFSA in the month of January. If necessary, you may estimate your taxes to complete the form.

What is PSC's Title IV federal school code?

              Our federal school code is 003829.

How do I apply for PSC scholarships?

               There is not a separate scholarship application for most of PSC's scholarships. (Please check out the information on scholarships for the exceptions.) All students that have been admitted and have submitted their ACT/SAT test scores by February 15, prior to their first fall semester, will be considered for scholarship eligibility. After that date, scholarship eligibility will be reviewed if funding remains.

I have a credit on my bill, when can I have the money?

              If it is prior to the first day of classes, the Office of Student Accounts in Morgantown will mail a refund check to your mailing address during the first week of classes. After that, refund checks are mailed weekly throughout the semester to students as they complete the financial aid process.

What does it take to be considered an independent student?

             Section 2 of the FAFSA is used to identify students as either dependent or independent. To be considered an independent student, you must answer 'Yes' to at least one of the questions listed in that section.

What should I do if my family's financial circumstances change after I apply for financial aid?

           If a family's financial circumstances have changed due to death of a parent, divorce, separation, or loss of employment; the student should contact the office of Enrollment Services at (304) 788-6820.

Is there any aid available if I decide to attend summer school?

           Students may receive aid during summer sessions through the Federal Pell Grant and Direct Loan programs if they show financial eligibility, and have not received their maximum allocation for the academic year. Students may also receive consideration for a full- or part-time job through the Federal Work Study program.