How does the scholarship loan work?

After receiving a scholarship from the Foundation, a student may request a loan application. If the student is granted a loan, the student has the option to turn the borrowed amount into a scholarship requiring no repayment. A student’s loan will be forgiven up to $2,000 for each period of twelve consecutive months of full-time employment in a job that contributes to the development and advancement of the West Virginia economy. The borrower will have up to six months from the date of graduation to find employment in West Virginia before the loan repayment begins. However, if the student fails to work in West Virginia after college, the student will be required to repay the borrowed amount plus interest.

2016-11-03T14:38:55-04:00 November 3rd, 2016|