Loans

Several types of loans are available to cover college expenses – both federal and non-federal. Students and/or parents of dependent students may borrow up to the full amount of their estimated Cost of Attendance (COA) or budget each academic year.

Borrowers must complete every step needed for their loans to be disbursed including special “First Time Borrower Requirements” such as Entrance Counseling and Master Promissory Notes.

The WVU Financial Aid Office will download the results of your First Time Borrower Requirements within one week of your completion of them. More details are provided in the links below for each type of loan.

Undergraduate (Associate’s or Bachelor’s Level) Students:

Who Applies? Loan Type (Click a link below for more information) To Apply: Entrance Counseling (First Time Borrowers) Master Promissory Note (First Time Borrowers)
Student Federal Direct Student 'Stafford' Loans (Subsidized and Unsubsidized) FAFSA Complete online at studentloans.gov Complete online at studentloans.gov select “Complete Master Promissory Note” then select “Subsidized/Unsubsidized” and use Student FAFSA PIN
Student Federal Perkins Loan FAFSA + Need Not Applicable Complete online at https://www.ecsi.net/prom31/ and use Student FAFSA PIN
Parent Federal Direct PLUS Loan for Parents of Undergraduate Students FAFSA + Complete Request for Parent PLUS Loan Not Applicable Complete online at studentloans.gov select “Complete Master Promissory Note” and then select “Parent PLUS” and use Parent Borrower’s FAFSA PIN
Student Private Loans Contact lenders and follow their instructions for application


Graduate Level Students:

Who Applies? Loan Type To Apply: Entrance Counseling (First Time Borrowers) Master Promissory Note (First Time Borrowers)
Student Federal Direct Unsubsidized Student 'Stafford' Loans FAFSA Complete online at studentloans.gov Complete online at studentloans.gov select “Complete Master Promissory Note” then select “Subsidized/Unsubsidized” and use Student FAFSA PIN
Student Federal Direct PLUS Loan for Graduate Level Students FAFSA + Complete Request for Grad PLUS Loan Complete online at studentloans.gov Complete online at studentloans.gov select “Complete Master Promissory Note” then select “Graduate PLUS” and use Student FAFSA PIN
Student Private Loans Contact lenders and follow their instructions for application