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Office of Financial Aid
Gardiner Hall, 304-876-5470 or 800-344-5231
www.shepherd.edu/faoweb or faoweb@shepherd.edu
The Office of Financial Aid is committed to helping students and their families finance their higher education. Every effort is made to provide financial aid to qualified students through grants, loans, employment, and scholarships. All funds are administered in compliance with federal, state, and institutional guidelines.
Application Process
Students interested in applying for financial aid need to complete a Free Application for Federal Student Aid (FAFSA). This form is the application for all major federal, as well as some state and institutional student aid programs, and must be received by the federal processing center by March 1 for priority consideration. Shepherd University’s federal school code (003822) must be included so that the results will be sent to the Office of Financial Aid.
It is recommended that the FAFSA is completed online at www.fafsa.ed.gov. The online process ensures a higher rate of accuracy and quicker processing time. For students who filed a FAFSA for the previous year, your application may be pre-filled at the same Web site which can be even quicker.
For the summer session(s), a separate Shepherd Financial Aid Application also is required. The application is generally available at the beginning of March. Students must schedule their summer courses before the application can be processed.
You must apply for financial aid each year.
Types of Financial Aid
There are four types of financial aid: grants, loans, employment and scholarships. Shepherd University administers a broad range of financial aid programs. For more detailed descriptions of the aid programs outlined below and many others, please refer to the Office of Financial Aid Web site at www.shepherd.edu/faoweb.
Federal and state grant programs are generally only available to undergraduates who have not received their first baccalaureate degree:
- Federal Pell Grant
- Federal Academic Competitiveness Grant (must be full time)
- National SMART Grant (must be full time)
- Federal Supplemental Educational Opportunity Grant (SEOG)
- West Virginia Higher Education Grant (must be full time)
- West Virginia Higher Education Adult Part-time Student Grant (HEAPS)
- Other state grants, including but are not limited to Washington, D.C., Maryland, and Pennsylvania. Contact your state’s higher education policy commission for details.
Loans
Shepherd University participates in the U.S. Department of Education’s William D. Ford Federal Direct Loan and the Federal Perkins Loan programs. Generally, students must be in at least six credit hours to be eligible for loan assistance. Loan limits vary based on grade level, financial need, and dependency status in the Direct Loan program. Perkins Loan funding is limited. Parents may also borrow on the student’s behalf through the Federal Direct Parent Loan for Undergraduate Students (PLUS). This requires a separate application which can be obtained in the Office of Financial Aid or online at www.shepherd.edu/faoweb.
Alternative loans also are available. Credit worthiness or a co-borrower is required. Shepherd University participates with many different lenders.
Employment
Opportunities are provided through Federal College Work Study and institutional funds. Positions are offered in many areas across the campus and in the community. Work study funds are limited. A work study award is not available to assist with the invoice at the beginning of the term. Earnings are paid by check twice a month. To review a list of available positions, go to www.shepherd.edu/afweb/student_employment/jobs.html.
Scholarships
Shepherd University, committed to promoting academic excellence, offers a variety of scholarships. Scholarships have been established through the Shepherd University Foundation to recognize academic achievement, special talents, and abilities, as well as community service. The Office of Financial Aid collaborates with the Office of Admissions, Athletics Program, Honors Program, Department of Music, and all academic departments to award scholarships. Admissions applications are automatically reviewed by the Office of Admissions for new students. Continuing students should contact their academic department or program of interest for specific scholarship applications or deadlines.
State scholarships are processed through the Office of Financial Aid; however, they are awarded by the state’s Higher Education Policy Commission. For example, West Virginia administers the Promise Scholarship; Underwood Smith Scholarship; Engineering, Science and Technology Scholarship; and Robert C. Byrd Honors Scholarship.
Students can also search for private scholarships. These scholarships are funded through businesses, civic organizations, churches, etc. These checks should be made co-payable to the student and institution and forwarded to the Office of Financial Aid for processing.
Renewal Criteria: Some scholarships are renewable. Each scholarship program has different renewal criteria, such as semester or cumulative grade point averages, required number of credit hours earned, major, etc.
Other Sources of Financial Aid
Students, depending on their unique situations, may contact outside agencies for other sources of financial aid, for example, Vocational Rehabilitation, Veterans Benefits, National Guard, Workers’ Compensation, Corporation for National and Community Service (AmeriCorps), etc.
Any funding received by an outside source must be reported to the Office of Financial Aid. This type of financial assistance has an impact on eligibility of other aid programs.
Consortium Agreements
Under a consortium agreement, students may receive financial aid to take courses at another school provided those credits count toward their degree. Students taking classes at another school must complete the Transfer Approval Form with the Office of the Registrar. It is then the student’s responsibility to provide a copy of the approved form to the Office of Financial Aid and complete the Consortium Agreement. This agreement will then be forwarded to the financial aid office of the host school for completion.
Students participating in consortium agreements are required to provide a transcript of grades from the host institution to the Office of the Registrar at the end of each consortium semester. Failure to provide the transcript will result in the suspension of aid for any subsequent semester. In addition, grades received from the host institution will be included in determining satisfactory academic progress.
Students interested in Study Abroad must be approved by the Study Abroad Office at Shepherd University. See the section Study Abroad for details. Most financial aid programs can apply toward study abroad expenses; however, it may depend on the agency or institution through which you plan to study. For example, a Promise Scholarship or West Virginia Higher Education Grant can only be used if studying through a program in which tuition and fees are assessed by a West Virginia institution. Students must complete the Consortium Agreement process outlined above. If anticipated expenses are more than the cost of attendance at Shepherd, students must also submit a budget along with supporting documentation.
Disbursement dates for the release of financial aid are determined in accordance with federal regulations and the Shepherd academic year; therefore, special disbursement dates cannot be arranged. Students can complete a form in the Cashier’s Office to allow authorization for a third party to pick up their check or request it be mailed.
Definition of Academic Year for Financial Aid Purposes
The definition of academic year for financial aid purposes for undergraduate students is as follows:
Students earning 29 credit hours or less shall be classified as first year.
Students earning 30-59 credit hours shall be classified as second year.
Students earning 60-89 credit hours shall be classified as third year.
Students earning 90-128 credit hours shall be classified as fourth year.
Students earning more than 128 credit hours shall be classified as fifth year.
This definition will be used when awarding aid programs that are based on grade level or year in school.
Financial Aid Refund and Repayment Policy
The Office of Financial Aid is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60 percent of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations.
If a student leaves the institution prior to completing 60 percent of a payment period or term, the Office of Financial Aid recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV Funds formula:
- Percentage of payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid.
Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula:
- Aid to be returned = (100 percent of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could have been disbursed during the payment period or term.
If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds. Keep in mind that when Title IV funds are returned, the student borrower may owe a debit balance to the institution.
If a student earned more aid than was disbursed to him/her, the institution would owe the student a post-withdrawal disbursement which must be paid within 120 days of the student’s withdrawal.
The institution must return the amount of Title IV funds for which it is responsible no later than 30 days after the date of the determination of the date of the student’s withdrawal.
Refunds are allocated in the following order:
- Federal Unsubsidized Direct Stafford Loans
- Federal Subsidized Direct Stafford Loans
- Federal Perkins Loans
- Federal Direct Parent (PLUS) Loans (graduate student)
- Federal Direct Parent (PLUS) Loans (parent)
- Federal Pell Grants for which a return of funds is required
- Federal Academic Competitiveness Grant for which a return of funds is required
- Federal National SMART Grant for which a return of funds is required
- Federal Supplemental Educational Opportunity Grants (SEOG) for which a return of funds is required
- Other Title IV assistance
- Other state assistance
- Other institutional assistance
- Other private assistance
- The student
Please keep in mind this repayment policy is in addition to the institution’s refund policy. A student who withdraws from school could owe federal financial aid as well as repayment back to the West Virginia Higher Education Grant Program, Promise Scholarship Program, Shepherd University, etc.
Failing to Earn a Grade in Any Class: If a student who began attendance does not officially withdraw and fails to earn a grade in at least one course, he/she is considered to have unofficially withdrawn for financial aid purposes. A recalculation of federal Title IV financial aid eligibility is required. The recalculation will be based on 50 percent of the period unless documentation supports a last date of attendance to the contrary. Generally, the student will owe a return of funds. A grade of F is considered earned failure. An IF is considered failure due to irregular withdrawal. See the section Grading System for details on grades.
Satisfactory Academic Progress Policy
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Students must be making measurable academic progress towards completion of an eligible degree to receive financial aid. Federal regulations require an evaluation of both quantitative and qualitative academic progress. Any student receiving Title IV financial aid is required to maintain satisfactory academic progress according to the Compilation of Financial Aid Regulations (34 CFR, through 1995 as published by the U.S. Department of Education, section, 668.34).
The following policy is effective as of May 2005 and supersedes any previous policy:
- All bachelor’s degree-seeking students must maintain a minimum of 2.0 GPA as of their 25th attempted credit. While attempting 0-24 credit hours, a minimum of 1.75 GPA is required.
- All master’s degree-seeking students must maintain a minimum 2.25 GPA.
- All undergraduate students must pass at least 70 percent of the credit hours attempted.
- All graduate students must pass at least 80 percent of the credit hours attempted.
- All bachelor’s degree seeking students must complete the program within 192 attempted credit hours.
Attempted hours for courses with a grade of failure (F), incomplete (I), incomplete/failure (IF), withdrawal (W), or repeat (R) are counted as hours attempted and combined with all passing grades in determining progress.
Students admitted or readmitted on academic probation may not meet GPA standards.
The standards are evaluated at the end of the spring semester. Students who are not in compliance will have a two-semester probationary period. Students are notified of this status in writing. Each student is only provided one probationary period. If the student continues to fail the satisfactory academic progress standards after the probationary period, they will be notified in writing that they are no longer eligible for financial aid.
Appeal Process for Federal, State and Institutional Financial Aid
Appeals may be granted due to hardship based on extenuating circumstances such as death of an immediate family member; personal injury or illness of the student; or other documented circumstances as described by the student. Documentation such as death certificate/notice, physician’s statement, academic degree plans, academic transcripts, etc will be reviewed.
- A student who wishes to appeal any decision related to his or her federal, state, or institutional financial aid is required to complete the Satisfactory Academic Progress (SAP) Appeal Form located in the Office of Financial Aid or on the Shepherd University Web site at www.shepherd.edu/faoweb. The form and any supporting documentation shall be submitted to the Office of Financial Aid for review.
- The appeal will be reviewed by the Office of Financial Aid. A request for clarification or additional documentation may be made. The appeal will be considered incomplete until any requested documentation is provided. The student will be notified as to the decision of the Office of Financial Aid.
- If the appeal is denied by the Office of Financial Aid, the student may request a review by the Scholarship and Financial Aid Committee. The written request shall be sent to the attention of the director of financial aid who will convene the committee. This committee is appointed by the president of Shepherd University each year and is comprised of faculty and staff. The committee will review the appeal form and all previously submitted documentation. The decision of the committee is final. The student will be notified as to the decision of the committee.
- Should the committee deny the appeal, the student is not eligible for any further financial aid from Shepherd University until such time that the student becomes compliant with the satisfactory academic progress policy. Neither paying for classes nor sitting out a semester will automatically reinstate a student’s financial aid eligibility.
Deadlines to submit appeals are as follows:
| Fall term |
September 15 |
| Spring term |
February 15 |
| Summer terms |
June 15 |
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