Summer Financial Aid

SUMMER FINANCIAL AID 2015- POTOMAC STATE COLLEGE

A SUMMER APPLICATION for financial aid is NO LONGER REQUIRED for Potomac State College. You will automatically be considered if you meet the following requirements for “Eligible for Consideration.”

ELIGIBLE FOR CONSIDERATION

INELIGIBLE FOR CONSIDERATION

  • You are registeredfor at least six (6) credit hours and have student loan and/or Pell grant eligibility.
  • You are registered for less than six (6) credit hours and have Pell Grant eligibility.
  • You have a valid 2014-15 Free Application for Federal Student Aid (FAFSA) on file with WVU at the time you register. If   you file the FAFSA after you register, you must contact the PSC Financial Aid   Office to be considered for aid.
  • No valid FAFSA on file at the time of registration.
  • You are enrolled for less than six (6) credit hours and are not Pell eligible.
  • You are a visiting or transient student from another institution and must contact your home school regarding summer aid.
  • You are not making SATISFACTORY ACADEMIC PROGRESS.

 

AID TYPICALLY AVAILABLE

  • Federal Direct Subsidized/Unsubsidized Loans. Check annual eligibility maximum below.
  • Federal Direct PLUS Loans
  • Private Loans

ANNUAL FEDERAL DIRECT SUBSIDIZED/UNSUBSIDIZED ELIGIBILITY (Fall 2014 through Summer 2015)

Check your STAR account at www.star.wvu.edu to see if you have already borrowed the annual limit for federal student loans.

  Dependent Independent
Freshman 0-28 hours $5,500 $9,500
Sophomore 29-58 hours $6,500 $10,500
Junior/Senior 59+ hours $7,500 $12,500

 * Your FAFSA determines your status as Dependent or Independent

POSSIBLE SOURCES OF SUMMER AID besides loans and Pell Grants

Vocational Rehabilitation – Contact your vocational rehabilitation counselor.

PA State Grant – Information can be found at www.pheaa.org

Promise Scholarship – Complete application at www.cfwv.com between March 15 and April 30.

ADDITIONAL INFORMATION

At Potomac State the summer term is packaged as part of the academic year, including the fall and spring semesters, so summer eligibility depends on what aid has been used in the prior two semesters.

Students who are eligible for summer loans must register for a minimum of six (6) credit hours during the summer sessions.  Also, Pell Grants may be available for eligible students.   Federal Direct PLUS loans are available to the parents of dependent students, but the parent must complete a PLUS application available at www.StudentLoans.gov and click on “Request Direct PLUS loan.”

Since summer school financial aid is based on the number of credit hours a student is taking and the number of weeks he/she will be attending those classes, no summer financial aid is calculated until the student is actually registered for summer session classes. If a class is canceled because of low enrollment or a student drops or adds a class, the student’s financial aid package may be adjusted.

No summer financial aid loans are disbursed until the start of the class that represents the minimum course load requirement which is six (6) credit hours. For example, a student who takes a 3-hour class which starts on May 18 and takes another 3-hour class which starts on June 29 will not have financial aid loan funds disbursed until July 2. The student will, however, have credit for the charges for the first three-hour class until the aid is disbursed.