Contact Info

Office of Financial Aid
248 Hardway Building
1201 Locust Avenue
Fairmont, WV 26554

Tel: (855) 297-0999 or (304) 367-4907
Fax: (304) 367-4881

Office Hours:
Mon - Friday 8:00 am to 4:00 pm

School Code: 040385

Pierpont Community & Technical College is pleased to provide this student aid calculator to assist you in estimating your costs to attend Pierpont.  Results are based on 2012-13 Cost of Attendance figures and student aid eligibility requirements which are subject to change.  These results should assist you in determining an estimate of your out-of-pocket expense to attend Pierpont.


You must be enrolled in a minimum of 6 credit hours to be eligible for loan assistance.


First Time Borrowers of Federal Student Loans

Students that are first time borrowers (students that have never received a Federal Stafford Loan) will have a 30 day delay applied to their 1st Loan Disbursement. 

Any loans awarded for a single semester are also required to have two disbursements within the semester - one 30 days after the semester starts and the other at midpoint of the semester.

Returning Borrowers of Federal Student Loans

Students that are returning borrowers (previously received a Federal Stafford Loan) at Pierpont or from any other post-secondary school will receive their disbursement on the regularly scheduled disbursement date (10 days prior to semester or upon completion of financial aid file).   If they are borrowing for a single semester such as a Spring only loan, they will receive the loan in two disbursements with the 2nd disbursement occuring at the midpoint of the semester.

All loans are made in two equal disbursements based on your enrollment pattern. For example, if you will be attending fall & spring terms, you would receive one disbursement in fall & one in spring.  There a

All new borrowers must complete Entrance Counseling prior to disbursement. As you withdraw or graduate, you are required to complete Exit Counseling. Both requirements can be completed at Even if you have received student loans elsewhere, you are required to complete Entrance Counseling at Fairmont State or Pierpont.

You may also refer to for more information on all student loans.

William D. Ford Federal Direct Loan

  • A federally funded student loan based on financial eligibility as determined by filing the Free Application for Federal Student Aid.
  • If eligible, $5,500 may be borrowed as a freshman; $6,500 as a sophomore, and $7,500 in the junior or senior year. Total amount of subsidized loans that may be borrowed as an undergraduate is $23,000.
  • Independent students (as defined by the Department of Education) may receive additional amounts through the unsubsidized loan program in the amount of $4,000 as a freshman or sophomore and $5,000 as a junior or senior not to exceed a lifetime aggregate limit of $57,500 (Total of subsidized and unsubsidized).
  • The student borrower is responsible for the interest which accrues on unsubsidized loans while enrolled although it is not due until 6 months after graduation or leaving school at which time the interest is capitalized and the loan goes into repayment. The federal government pays the interest for subsidized loans.
  • Repayment begins six months after you graduate or cease to be a half time student with a minimum payment of $50 or higher based on the aggregate total of your loans


Federal Direct Parent Loan for Undergraduate Students (PLUS)

  • Parents of dependent students may apply for loans up to the cost of education less other aid awarded.
  • The interest rate is a fixed rate loan at 8.5 percent.
  • The loan will be disbursed in two payments and credited to the students account. Left-over funds will be paid to the student.
  • Repayments begins 60 days after the full amount has been disbursed.

Click here to download the PLUS Loan Application


Federal Direct Graduate/Professional Loan

  •  Available to graduate and professional students to help meet the cost of attendance.
  • May borrow up to the cost of attendance minus any financial aid. Students must complete the Free Application for Federal Student Aid (FAFSA)
  • Students must pass a credit check and be enrolled at least half-time.
  • The interest rate is fixed and will not exceed 7.9 percent. Interests accrues from the date the loan funds are disbursed. Repayment begins 60 days after the loan disbursement. Students may receive a deferment while enrolled in school at least half-time.
  • First time Federal Direct Graduate/Professional Loan borrowers will receive instruction from our office on how to complete a PLUS Master Promissory Note (MPN).
  • If the PLUS Loan Application is denied, you will be notifies by the Loan Origination Center on other ways to secure an approval.

Click here to download the Federal Graduate/Professional PLUS Loan Application.


Private Loans

Private loan programs are non-federal educational loans through a private lender that allows a student to borrow additional funds after federal student aid has been exhausted. Each lender has different eligibility requirements, interest rates, fees and repayment terms. Private loans cannot be consolidated with federal loans for payment purposes. It is in your best interest to borrow the maximum amount of federal student loans before you borrow from a private lender. Do not apply too early for a private loan because lenders have an expiration date on the credit check and your application will not be certified until after you are registered for classes and have been packaged for all federal and state financial aid.

Private Loan helps you bridge the gap between federal aid and the full cost of your education.

  • Students may borrow up to the cost of attendance minus any financial aid. Students should complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal aid.
  • Funds are sent directly to the school
  • Interest paid on these loans may be tax deductible; consult your tax advisor
  • Use the funds for any education-related expense
  • Receive a preliminary decision within minutes of applying online
  • The interest rate is variable depending on the student and/or co-signers credit. Interest accrues from the date the loan funds are disbursed.
  • Apply with a creditworthy cosigner and you may receive a lower rate.

To assist you in this process, FSU has compiled a comparison list on ELM Select for different alternative lenders that we think may best match our student body. You are free to choose ANY lender whether it is on the list or not without penalty. Pierpont Community & Technical College does not endorse any particular lender.

Listed below is the website of the lending institutions where you can apply for an private loan:

ELM Select:

Addison H. Gibson Foundation

  • Low interest loans for long-term western Pennsylvania residents

* Click here for information

Pierpont Community & Technical College©
1201 Locust Avenue, Fairmont, WV 26554 Tel: 304-367-4907
Toll Free: 1-855-297-0999 TDD: 304-367-4200
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