Types of Financial Aid
Here are some of the types of financial aid available
Federal Pell Grant
The Federal Pell Grant program provides the “foundation” of financial aid to which other grants, loans or assistance may be added. If the student qualifies for a Federal Pell Grant, he/she may receive between $555 and $5,815 annually (award amounts are subject to change annually), depending on family income, costs of education and enrollment status. To apply for the Federal Pell Grant, students must complete a Free Application for Federal Student Aid (FAFSA). Students must reapply for a Federal Pell Grant every year.
Federal Supplemental Educational Opportunity (SEOG)
The Federal Supplemental Educational Opportunity (SEOG) is a grant for students with exceptional financial need. SEOG is given to those students who have the lowest Expected Family Contributions (EFC) because funds are limited. Priority is given to students who receive the Pell Grant. After the student has completed a FAFSA, eligibility will be determined by the Financial Aid Office.
West Virginia Higher Education Grant (WVHEG)
This is a state-funded grant for students who are West Virginia residents. Students apply by submitting the Free Application for Federal Student Aid (FAFSA). Applications received by March 1 are given priority consideration. To receive the grant, full-time attendance is required. To maintain eligibility, successful completion of 24 hours within the fall and spring semesters combined, and a cumulative grade point average of 2.0 is required.
The HEAPS Grant Program encourages and enables West Virginia students with financial need who desire to continue their education on a part-time basis at the post-secondary level. Part-time students should inquire about this program with a financial aid representative at any campus.
Scholarships and Tuition Waivers are available to eligible New River Community and Technical College students. Students must complete and submit a scholarship application by March 15 in order to be given priority consideration for the upcoming school year. Applications may be obtained on your campus or by requesting that one be mailed to you.
Local scholarships are available within the communities served by each New River campus. Students may contact the financial aid representative on their campus for a list of local scholarship opportunities. Good sources of information about the availability and deadlines of local scholarships include high school guidance counselors and local civic organizations such as Rotary, Lions, Civitan and Ruritan Clubs, as well as local women's organizations, the AAUW, PEOs and businesses. Students should also read local newspapers and listen to local radio/TV stations for announcements.
William D. Ford Federal Direct Loan Program
William D. Ford Federal Direct Loans (Direct Loans) are guaranteed federal student loan programs that include federal subsidized and unsubsidized loans and the federal PLUS (parent loan) programs. Direct Loans are awarded as part of the financial aid package if the student has requested loans on the FAFSA. First-time borrowers must complete a loan entrance interview and sign a loan master promissory note. First-time borrowers must also wait 30 days after the beginning of the semester before funds are available. READ MORE