Student Loan Application Process At Marshall University

Marshall University offers financial assistance in the form of scholarships, grants, loans, and work-study to full- and part-time students who qualify. To apply for a student loan at Marshall University, you must complete the Free Application for Federal Student Aid (FAFSA). The university's Federal School Code is 003815. The Marshall University Office of Student Financial Assistance is responsible for certifying your eligibility for these loans. The university also provides specific student loan management services for campus-based loan programs such as Perkins, Health Professionals, WV Medical Student Loan Program, and Charlie Lewis loans.

Federal Direct Loans

The Direct Subsidized Loan is awarded based on need. You will not be charged any interest while you are in school (at least half-time) or in a grace or deferment status.

The Direct Unsubsidized Loan is not awarded based on need. The borrower is fully responsible for paying the interest regardless of the loan status. Interest on unsubsidized loans accrues from the date of disbursement and continues through the life of the loan.

The Federal Direct Graduate PLUS (Grad PLUS) loan is an affordable, low-interest loan for graduate and professional students. You can borrow up to the total cost of attendance (minus any other financial aid awarded). If you are denied the Graduate PLUS loan due to an adverse credit history, you will not be eligible for any additional Unsubsidized Direct Loan.

To apply for a federal student loan, you must complete the Free Application for Federal Student Aid (FAFSA). All first-time borrowers must complete the Master Promissory Note (MPN) and Entrance Counselling at www.studentaid.gov.

Private alternative loans

To apply for any type of student loan at Marshall University, you must first complete a Free Application for Federal Student Aid (FAFSA).

If you're considering a private alternative loan, Marshall University recommends that you compare and research various private alternative lenders in the marketplace. You should also review all federal loan options before applying for a private student loan, as federal loans often have better terms and conditions than private loans.

When choosing a lender, there are several points to consider:

• Interest rates – Interest may be capitalized, increasing the amount of money you ultimately owe. Using a cosigner may help you qualify for slightly lower rates.
• Fees – Interest rates and fees are based on your credit score and the credit score of your cosigner (if you have one).
• Borrower benefits – These vary by lender.
• Repayment terms – Some lenders require you to pay while you are in school, while others will defer payments until after graduation.

To be eligible for a private loan, you must be enrolled at least half-time and meet Marshall's institutional Satisfactory Academic Progress (SAP) standards. You can find additional eligibility requirements on the lender's website.

• The student applies with the lender and is notified of approval or denial.
• If the student is approved, they must complete the required paperwork provided by the lender.
• The lender sends the university the certification request.
• Marshall verifies the student’s eligibility and will certify the request accordingly.
• Once the loan is certified, the lender will send the loan funds to Marshall in accordance with the loan period.

Note that it can take up to two weeks to process a private loan.

Scholarships

To apply for a federal student loan at Marshall University, you must complete the Free Application for Federal Student Aid (FAFSA). All first-time borrowers must also complete the Master Promissory Note (MPN) and Entrance Counselling.

Marshall University offers a variety of merit-based scholarships to incoming freshmen and transfer students who demonstrate outstanding academic achievement. There are also scholarships for students with exceptional financial need.

Most merit-based scholarship programs require that you be enrolled full-time, maintain a minimum GPA, and complete 30 credit hours each academic year. Most scholarships are renewable, but some are not, so be sure to read the Important Information About Scholarships for deadlines and additional detail on the terms and conditions.

Marshall University offers scholarships for:

• West Virginia (WV) Applicants
• Metro Applicants
• Non-Resident Applicants
• Private Scholarships
• Test-Optional Merit Scholarships
• Transfer Scholarships

Marshall University also has a number of endowed and annual scholarships that have been established through the Marshall University Foundation. Many students are selected to receive endowed and annual scholarship awards by committees from departments and colleges, while others are selected by staff from the Office of Student Financial Assistance.

There are also external scholarship opportunities, such as the Society of Yeager Scholars Full-ride Scholarship. Remember to think outside the box when searching for scholarships. Not all scholarships are academically based. For example, there are scholarships for left-handed students, first-generation students, and students who participate in bowling leagues.

Grants

To apply for a student loan at Marshall University, you must complete the Free Application for Federal Student Aid (FAFSA). All first-time borrowers must also complete the Master Promissory Note (MPN) and Entrance Counselling at www.studentaid.gov.

Marshall University offers a variety of grants, including merit-based scholarships and grants for undergraduate students who demonstrate outstanding academic achievement. Most merit-based scholarship programs require that you be enrolled full-time, maintain a minimum GPA, and complete 30 credit hours each academic year.

There are also two Federal Grant opportunities for students: the Federal Pell Grant Program and the Supplemental Education Opportunity Grant (SEOG). These grants are available to students who demonstrate financial need based on the FAFSA results.

The Achievement Tuition Waiver Grant is another grant available to assist incoming first-time freshmen with exceptional financial need. Eligibility for this grant is determined based on the student's demonstrated unmet financial need and high school academic performance.

Additionally, the state of West Virginia offers multiple grant resources for students, such as the West Virginia Higher Education Grant and the WV Higher Education Adult Part-Time Student (HEAPS) Grant.

Work-study

To apply for a federal student loan at Marshall University, you must complete the Free Application for Federal Student Aid (FAFSA). All first-time borrowers must also complete the Master Promissory Note (MPN) and Entrance Counselling at www.studentaid.gov.

Now, onto the Work-Study section:

Federal Work-Study is a programme that provides jobs for graduate students demonstrating financial need. Most Federal Work-Study positions are available on the Marshall University campus. However, there are also several opportunities for students to work off-campus performing community service work.

The amount of your Federal Work-Study offer, as indicated in your Financial Aid Package, is the maximum you are allowed to earn. You will be paid directly for Federal Work-Study earnings in the form of a paycheck. Federal Work-Study awards are not credited to your student account.

Federal Work-Study earnings are excluded from income on your subsequent year's FAFSA, so it doesn't affect your eligibility for financial aid in the future.

To apply for Federal Work-Study, you should contact the Student Financial Assistance office using the following details:

Student Financial Assistance

Old Main 116

One John Marshall Drive

Huntington, WV 25755

1-800-438-5390

304-696-3242

Sfa@marshall.edu

Https://www.marshall.edu/sfa/types-of-aid/

Frequently asked questions