Financial Aid for Mane Event

Important Dates

  • July 1st , 2019– Financial Aid Final deadline
  • August 9th , 2019 – Fall 2019 Payment Deadline
  • Census Date – 11th Day of Classes
  • October 1st, 2019 – New Year FAFSA available 20/21
  • March 1st, 2020 – Financial Aid Priority deadline

Verification

  • What is verification? – Verification is a process to verify the information that a student/parent inputs on the Free Application for Federal Student Aid (FAFSA) is accurate. Can be selected by the Department of Education or by the university.

Institutional Scholarships

  • Two Types:
  • Prestigious Scholarships
  • Merit Scholarships

NOTE:  Prestigious and Merit Scholarships do not apply to UA Fayetteville Engineering Students

  • Make sure you know your semester enrollment requirements
  • Make sure you know your yearly renewal requirements
    • Refer to your Scholarship Contract

For more information, please view our scholarships page.

Arkansas Department of Higher Education (ADHE)

Arkansas Academic Challenge

  • Enrollment Requirements:
    • First Semester of College After High School: At least 12 hours
    • Every Semester Afterwards: At least 15 hours
    • Challenge will  pro-rate  award amount based on hours enrolled very last semester
    • Official enrollment is based on 11th day census
  • Renewal Requirements:
    • Year 1: 27 hours earned with a 2.5 cumulative GPA
    • Years 2-4: 30 hours earned with a 2.5 cumulative GPA

For more information regarding ADHE scholarship, please view the scholarship and programs page.

 

Outside Scholarships

  • An outside designated scholarship is any scholarship not awarded by Federal, State, or the school.
  • Reduce your financial aid package dollar for dollar.
  • Bring Outside Scholarship Award Notices to Financial aid to have these apply as estimated funds to your student account
  • Deadline to receive funds from Outside Scholarships
    • October 1st for Fall 2019
    • March 15th for Spring 2019
    • Funds not received by these deadlines will be removed from the student’s accounts

Financial Aid Repeat Course Policy

Satisfactory Academic Progress (SAP)

  • SAP is checked at the end of each semester. Your status can be one of the following:
  • Clear
  • Warning
  • Suspension
  • Appeal à Academic Plan

In order to stay in good standing (Clear) you must:

  • Must maintain a minimum 2.0 cumulative GPA
  • Earn 67% of All Courses Attempted
  • Complete your Degree within 150% of the prescribed timeframe

Dropping Classes/Withdrawals

  • Important to check with Financial aid prior to dropping courses or withdrawing from the semester as it may affect:
    • Completion rate for SAP
    • Scholarship Eligibility
    • VA benefits

Return to Title IV

Financial Aid Terms

  • Cost of Attendance (COA) – an estimated average cost to attend school, helps determine how much aid a student can be awarded
    • Is not the actual charges
  • Expected Family Contribution (EFC) – an index number calculated by FAFSA, to determine a student federal aid eligibility
  • Financial Need =  COA minus EFC
    • Determines how much Need Based aid a student can receive (Pell, SEOG, Work Study, Subsidized loans, Scholarships, etc.)

 

Budgets and Award Packages

Please see a Financial Aid Advisor to discuss your student specifically.