The Office of Financial
Aid is committed to helping students and their families finance their
higher education. Every effort is made to provide financial aid to qualified
students through grants, loans, employment, and scholarships. All funds
are administered in compliance with federal, state, and institutional
Students interested in applying for financial aid need to complete a Free
Application for Federal
Student Aid (FAFSA). This form is the application for all major federal,
as well as some state and
institutional student aid programs, and must be received by the federal
processing center on or before March 1 for priority consideration. Shepherd
University’s federal school code (003822) must be included so that
the results will be sent to the Office of Financial Aid.
It is recommended that the FAFSA is completed online at www.fafsa.gov.
The online process
ensures a higher rate of accuracy and quicker processing time. For students
who filed a FAFSA
for the previous year, your application may be pre-filled at the same
Web site which can be even
For the summer session(s), a separate Shepherd Financial Aid Application
also is required.
The application is generally available at the beginning of March. Students
must schedule their
summer courses before the application can be processed. You must apply
for financial aid each year.
Under a consortium agreement, students may receive financial aid to take
courses at another
school provided those credits count toward their degree. Students taking
classes at another school
must complete the Transfer Approval Form with the Office of the Registrar.
It is then the student’s
responsibility to provide a copy of the approved form to the Office of
Financial Aid and complete
the Consortium Agreement. This agreement will then be forwarded to the
financial aid office of
the host school for completion.
Students participating in consortium agreements are required to provide
a transcript of grades
from the host institution to the Office of the Registrar at the end of
each consortium semester.
Failure to provide the transcript will result in the suspension of aid
for any subsequent semester.
In addition, grades received from the host institution will be included
in determining satisfactory
Definition of Academic Year for Financial Aid Purposes
The definition of academic year for financial aid purposes for undergraduate
students is as follows:
Students earning 29 credit hours or less shall be classified as first
Students earning 30-59 credit hours shall be classified as second year.
Students earning 60-89 credit hours shall be classified as third year.
Students earning 90-128 credit hours shall be classified as fourth year.
Students earning more than 128 credit hours shall be classified as fifth
This definition will be used when awarding aid programs that are based
on grade level or year