How to Apply for the GI Bill at WLU To apply, a student must be accepted and registered at West Liberty University. A veteran student applying for the first time needs to contact the Veterans Certifying Official for detailed information on the application process. If you have received the GI Bill prior to acceptance and registering at WLU, you will need to contact the Veterans Certifying Official for processing a request for Change of Place of Training. Prior to the certification of the GI Bill the student must complete the CERTIFICATION REQUEST FORM and be registered for terms requested. Questions regarding the GI Bill should be directed to Cheryl Mielke Veterans Certifying Official Registrar’s Office West Liberty University 866-West Lib or 304-336-8129 [email protected]
Direct Stafford Loan Program
A federal unsubsidized loan program is available to all students. Maximum loan amount is $20,500. The interest rate is currently 3.86% fixed. Repayment of the interest and principal begins six months after graduation or enrollment ceases. The U.S. Department of Education provides a loan repayment calculator (estimate of repayment only). Current or former students may view their financial aid history by accessing NSLDS. An entrance interview, Master Promissory Note and exit interview are also required for any student receiving a Direct Stafford Loan. The entrance and Exit interviews for Direct Stafford Loans can be completed online at http://www.studentloans.gov/.
Graduate Plus Loan
A federal loan program available to graduate students, a PLUS Loan Data Request Form must be completed in the Financial Aid office. The loan amount is determined either by the requestor or by the eligibility remaining towards the student’s cost of attendance. A credit check is required and will be processed by the Direct Loan Service. The current interest rate is 6.41% fixed. Repayment is made through the Direct Loan Program and begins 60 days after the last disbursement of the loan is received. Usually the last disbursement is received in January.
Alternative Loan Programs
There are several alternative loan programs available to students who need additional funding for school expenses. Alternative loans are not federal student loans, but are credit based student loans that often require a cosigner. Repayment of alternative loans is usually deferred until the student graduates or ceases to be enrolled at least half-time. Below is a link that will help you through the process of deciding which Private Loan is best for you. FASTChoice makes it easy by providing you with simple but critical information about types of funding and money management. It also clearly presents your new responsibilities if you go on to borrow money. And finally, FASTChoice presents you with a collection of loan products in a way that makes it easy to understand and compare them. Alternative Loan Options – FASTChoice