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Types of Aid

Federal Pell Grant

Grant: does not have to be repaid
Available almost exclusively to undergraduates; all eligible students will receive the Federal Pell Grant amount they qualify for.

Federal Supplemental Educational Opportunity Grant (SEOG)

Grant: does not have to be repaid
For undergraduates with exceptional financial need; priority is given to Federal Pell Grant recipients; funds depend on availability at school.

Federal Work-Study (FWS)

Money is earned while attending school; does not have to be repaid
For undergraduate students; jobs can be on campus or off campus; students are paid at least federal minimum wage.

Federal Perkins Loan

Loan: must be repaid
Interest charged on this loan is 5 percent for undergraduate students; payment is owed to the school.
Students can complete both entrance and exit counseling on-line for the Perkins Loan Program through E.C.S.I., the billing service utilized by Concord University. Please select the appropriate link below.

Entrance Counseling/Promissory Notes → www.ecsi.net/prom91

  • FAFSA PIN is required

Exit Counseling/Interviews → www.ecsi.net/cgi-bin/bcgi.exe

  • Concord University’s School Code is 91
  • E.C.S.I. PIN is required

Contact Information

Perkins Loan Office • Angela Taylor
Phone: 304-384-5164
Fax: 304-384-9044
Email: perkinsloan@concord.edu

Address:
Campus Box • Perkins Loan Office
PO BOX 1000
Athens, WV 24712

E.C.S.I
Address:
181 Montour Run Road
Coraopolis, PA 15108
Phone: 888-549-3274
Fax: 866-291-5384
Website: www.ecsi.net/bwr/borrower.html

Student Loan

Loan: must be repaid

  • Subsidized Direct Loans are for students with financial need as determined by federal regulations. No interest is charged while you are in school at least half-time, during your grace period, and during deferment periods.
  • Unsubsidized Direct Loans are for students and are not based on financial need. Interest is accruing immediately during in-school, grace period and deferment. Interest accruing during these periods may be paid or capitalized.
  • Direct PLUS Loans are available to credit-worthy parents of dependent undergraduate students. Parents may borrow the difference between the student’s total cost of education and all other aid the student is receiving.
  • Direct PLUS Loans for Graduate Students are available to credit-worthy Graduate students. You may borrow the difference between the total cost of education and all other aid received. You are required to first utilize the Direct Stafford Loan Program and complete a FAFSA.
  • Consolidation Loans allows students or parents to combine one or more of your federal education loans into a new loan that offers several advantages such as one monthly payment, flexible repayment options, or reduced monthly payments. Before making a decision to consolidate your federal student loans, consider factors such as the affordability of your monthly payments, the number of payments you need to make to multiple lenders, the interest rates on each of your loans, and how much you are willing to pay over the long term. Parent PLUS Loans cannot be consolidated with the student’s Stafford Loans.

What are the eligibility requirements?

You must be enrolled at least half-time at a school and you must meet general eligibility requirements for the Federal Student Aid (FSA) programs.

Application Procedures:

Federal Direct Student Loans

Step One: Accept Loans
All students must complete a Loan Acceptance Form located at www.concord.edu/admissions/financial-aid under Forms & Applications. Please indicate the yearly amount you were offered in loans and the yearly amount that you would like to accept in those loans. These amounts will be divided between the two semesters.

Step Two: Complete Entrance Counseling
All first time borrowers must complete a mandatory loan counseling session at www.studentloans.gov. If you have received a prior Subsidized or Unsubsidized Loan through Concord University or any other school you are not required to complete entrance counseling. Once completed, Concord University will receive electronic confirmation.

Step Three: Electronic Master Promissory Note
All first time Direct Loan borrowers at Concord University must complete a Master Promissory Note (MPN) at www.studentloans.gov. Once completed, Concord University will receive an electronic confirmation.

Federal Direct Parent Plus Loan

Step One: Request PLUS Loan
All Direct PLUS Loan borrowers must complete the Request PLUS Loan Process and agree to the credit check at www.studentloans.gov. Parents will be required to indicate the amount that they wish to apply for. This amount will be divided over the two semesters. Once completed, Concord University will receive an electronic notification of the credit check results and will begin to process your Direct PLUS Loan.

Step Two: PLUS Electronic Master Promissory Note
If your credit check is approved, you will need to complete the Direct PLUS Loan Master Promissory Note (MPN) at www.studentloans.gov. Once completed, Concord University will receive electronic confirmation.

Graduate Plus Loan

Step One: Request PLUS Loan
All Direct PLUS Loan borrowers at Concord University must complete the Request PLUS Loan Process and agree to the credit check at www.studentloans.gov. Parents will be required to indicate the amount that they wish to apply for. This amount will be divided over the two semesters. Once completed, Concord University will receive an electronic notification of the credit check results and will begin to process your Direct PLUS Loan.

Step Two: Electronic Master Promissory Note
All Direct Graduate PLUS Loan borrowers at Concord University must complete a new Master Promissory Note (MPN) at www.studentloans.gov. Once completed, Concord University will receive electronic confirmation.

Step Three: Complete Entrance Counseling
All first time Graduate PLUS Loan borrowers must complete a mandatory loan counseling session at www.studentloans.gov. Once completed, Concord University will receive an electronic confirmation.

What is a Private Loan?

A private student loan is at a variable rate, it is credit-based, and should only be applied for after all sources of federal aid including Stafford Loans, PLUS Loans, and Grad PLUS Loans have been exhausted.

How do my parents apply for a Private Loan?
www.elmselect.com

§ New borrowers- We suggest you choose one of the lender below to ensure fast and accurate service. Follow the online process to apply for your loan and complete your MPN. First you will encounter a credit check which you will usually receive a very quick response to. Then you will need to complete your MPN. You MUST complete the electronic signature process to finish submitting your MPN.
§ Previous borrowers- To ensure easy repayment we recommend that you borrow your Private Loan through the same lender each year. Unless you notify the Financial Aid Office otherwise, your Private Loan will be certified with the same lender you used last year. You DO need to re-apply on your lender’s website each year.

Private Scholarship

Gift Money
Any type of outside scholarship donated to a currently enrolled student. Scholarship checks must be processed through the Financial Aid Office at Concord University. Donors please make checks payable to Concord University and mail to: Concord University • Financial Aid Office • PO Box 1000, D120, Athens, WV 24712-1000. Please include student’s name, CU#, and the academic year the scholarship is awarded.

WIA (WV Students Only)

Attention: current West Virginia upper classmen (second semester sophomore or more) who are in need of some extra funding for their education. WV WorkForce has a program to offer financial assistance to WV college students who are majoring in certain disciplines of study.

For more information contact WV WorkForce Samantha Cales at 304-487-0349 and/or scales@r1workforcewv.org and inquire about Concord University being a service provider for the WIA program.
All students interested must have a current FAFSA on file.

The disciplines of study include:

  • Education/Secondary High School Level
  • Education/Secondary with Specialization
  • Elementary w/specialization special education
  • Elementary education
  • Business/Finance
  • Business/Accounting
  • Business/Management
  • Business/Administration
  • Business/Marketing
  • Tourism Management/planning and promotion
  • Recreation and Tourism Hospitality management
  • Tourism Management/Park and Resort
  • Athletic Training
  • Social Work
  • Graphic Design
Last updated on Nov 14, 2011. Originally created on Feb 24, 2010. Report incorrect information.

Important CU Codes: Fafsa 003810 - Act 4516 - SAT 5120