Loans are made payable directly to the student and the college for the use of tuition, fees, books and other educational expenses approved by the Foundation.
Yes, an annual application is required.
Students may apply for up to $2,000 per academic year. The maximum loan amount awarded will not exceed $8,000 or $2,000/year for four years.
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 […]
To be eligible, the following requirements must be met:
- Must have attended high school in West Virginia
- Must be a recipient of a Foundation scholarship
- Must demonstrate financial need
- Must have a minimum cumulative GPA of 3.0
The purpose is to encourage talented West Virginia students to enter a career within their home state by offering loans at favorable terms with the option of debt forgiveness.