Welcome to the Ohio Valley University Office of Student Financial Aid. Partnering with students and their families, our office aims to make the process of paying for college accessible and easier to manage. We want to help you optimize all the resources available to you as you develop your plan for paying for your education.
Financial aid includes any loan, grant, scholarship, and part-time employment intended to pay for education related expenses. Aid can come from federal, state, and private sources as well as from OVU. Most student aid packages include a combination of aid forms and sources.
STEPS TO APPLYING FOR FINANCIAL AID
1. Complete your Free Application for Federal Student Aid (FAFSA).
The FAFSA determines which federal financial aid programs you are eligible such as the Pell Grant, federal student loans, and federal work-study. Once your federal aid eligibility is determined, eligibility for other aid can be determined. Go to https://fafsa.ed.govto get started today. To reset your FAFSA pin visit https://pin.ed.gov.
2. Notify the Office of Student Financial Aid about any outside aid.
Notify the OVU Office of Student Financial Aid of outside aid such as scholarships, veteran’s or other military benefits, private grants, or other scholarships you may be receiving.
3. Explore all of your scholarship and grant options.
Federal: Students may be eligible for a Federal Pell Grant, Federal Supplemental Education Opportunity Grant, Federal Teach Grant and Federal Work Study. For more information visit http://studentaid.ed.gov or check out our Financial Aid Glossary of Terms for brief descriptions.
State: Eligible West Virginia residents may have access to specific grants designed to increase higher education opportunities for WV students. Visit www.cfwv.com to learn more about West Virginia state scholarship and grant opportunities or check out our Financial Aid Glossary of Terms for brief descriptions.
Institutional: Ohio Valley University offers a number of scholarships to eligible students who maintain eligibility during the life of the scholarship. Click here for a list of institutional scholarships and eligibility requirements.
Private Non-Institutional: Millions of dollars in private scholarship money is awarded to college students annually, so be sure to take full advantage of these scholarship opportunities. Here are few websites to help you get started:
4. Apply for any loans you may need.
Apply for any loans you may need. Most financial aid applicants will qualify for a Stafford Loan. You should complete your Federal loan Master Promissory Note and Entrance Counseling as soon as possible by visiting www.studentloans.gov. If you do not need the loans in the end, you do not have to accept them, but it is helpful to get the process done early just in case you do need the loans to help you pay for college. If you need loans beyond the subsidized and unsubsidized loans you qualify for, please see our list of Alternative Loan Lenders.
5. Inform us if you want a position through the Federal Work Study program.
Federal Work Study (FWS) is a federal program allowing qualified students to work on campus in certain Federal Work Study positions, which are federally funded. Check out these work-study positions available now.
Direct Cost Refund Policy:
A student’s total scholarships or grants, whether from federal, state, or private sources, when combined with scholarships, grants-in-aid and other discounts funded by the University, cannot exceed the student’s total direct costs. Direct costs include charges for tuition and standard fees for all students, as well as housing and board charges for resident students. Should the student’s total awards from aid sources exceed total direct costs, institutionally funded scholarships/grants (including academic scholarships) will be reduced accordingly.
The federal government selects approximately 30% of students nationwide for Verification. This process requires the Financial Aid Office to confirm the information entered on the FAFSA is accurate. Students and parents may be asked to fill out additional paperwork and/or send in tax return transcripts. Ohio Valley University’s Office of Student Financial Aid will notify you if you have been selected for Verification.
National Student Loan Data System (NSLDS)
Information regarding student loans is reported to the NSLDS and is ultimately made available to lenders and other institutions.