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Innovative Student Aid Programs: West Virginia’s PROMISE Scholarship

Innovative Student Aid Programs: West Virginia’s PROMISE Scholarship 2012 SHEEO Higher Education Policy Conference Chicago, Illinois Rob Anderson. West Virginia Higher Education Policy Commission. PROMISE Scholarship. Eligibility Requirements 3.0 GPA in the core and overall coursework

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Innovative Student Aid Programs: West Virginia’s PROMISE Scholarship

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  1. Innovative Student Aid Programs: West Virginia’s PROMISE Scholarship 2012 SHEEO Higher Education Policy ConferenceChicago, IllinoisRob Anderson

  2. West Virginia Higher Education Policy Commission PROMISE Scholarship Eligibility Requirements • 3.0 GPA in the core and overall coursework • 22 on the ACT (minimum of a 20 in each of the subject areas) or 1020 on the SAT (490 verbal, 480 Math) • FAFSA filed by March 1st • Completed Promise Application by March 1 • WV Residency Core Requirements • English – 4 credits • Mathematics – 4 credits • Social Sciences – 3 credits • Natural Sciences – 3 credits The core grade point average includes all core classes

  3. West Virginia Higher Education Policy Commission PROMISE ScholarshipEligibility Criteria

  4. West Virginia Higher Education Policy Commission PROMISE Scholarship • Tuition and mandatory fees at any West Virginia public college up to $4,750 • Scholarships can be used at in-state public and private non-profit regionally accredited colleges • PROMISE is renewable (for up to 8 semesters) as long as the student maintains a 3.0 in college and completes 30 credit hours in a 12 month period.

  5. West Virginia Higher Education Policy Commission 2012 Eligibility Criteria and DeadlinesFor the PROMISE Scholarship • The last date a student can take the ACT to obtain a qualifying score is June 9, 2012 • The final SAT test a student may take in order to receive a qualifying score is June 2, 2012 • Complete the Promise Application by March 1, 2012 at www.cfwv.com • Submit the FAFSA by March 1, 2012 • WV Residency

  6. West Virginia Higher Education Policy Commission PROMISE Scholarship • Can attend out-of-state for up to 1 year and come back and regain PROMISE if meets eligibility requirements. • Cannot be used outside WV. • Community service is highly encouraged. • College courses taken in high school do not count toward renewal; but all credits earned starting with the Fall Semester after high school graduation do count.

  7. West Virginia Higher Education Policy Commission PROMISE ScholarshipTotal PROMISE Recipients, Awards, and Average Award

  8. West Virginia Higher Education Policy Commission PROMISE ScholarshipQualification and Yield Rate of High School Seniors

  9. West Virginia Higher Education Policy Commission PROMISE ScholarshipPROMISE Scholars Retaining Scholarship

  10. West Virginia Higher Education Policy Commission PROMISE ScholarshipPROMISE Scholars Graduation Rate

  11. West Virginia Higher Education Policy Commission Graduation RatesHEGP vs PROMISE Graduation Rate at 4-year Institutions

  12. West Virginia Higher Education Policy Commission Graduation RatesHEGP vs PROMISE Graduation Rate at 2-year Institutions

  13. West Virginia Higher Education Policy Commission PROMISE ScholarshipFactors Shown to Increase PROMISE Loss at 4-Year Public Institutions • Lower ACT and HS GPA • Low SES • Attending institution with more racial minority and Pell students, lower tuition • Transferring institutions • Larger loan amounts • Higher net cost (from 2nd year on)

  14. West Virginia Higher Education Policy Commission Contact Information • HEPC website: http://wvhepcnew.wvnet.edu • Rob Anderson, randerson@hepc.wvnet.edu

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