Financial Aid

Attention!

In order to be eligible for federal financial aid, students must be enrolled in fall/spring courses (including flex courses) on the 11th day of the semester. For summer, students must be enrolled in all summer terms by the 5th day of the summer one term.

Priority Deadlines

To ensure that Federal Financial Aid is awarded and in place by the beginning of the Fall semester, all required documents must be received by the Financial Aid Office by May 1. For the Spring semester, documents must be received by September 15.

Failure to provide any requested information in a timely manner will delay the awarding of financial aid and hinder your capability of charging tuition, fees and books against the pending receipt of expected aid.

Types of Financial Aid

Several types of financial aid are available to ASUN students. You may receive one or a
combination of types depending on your financial need and other eligibility factors. The four
major types of aid are as follows:

  • Grants: Grants like the Federal Pell Grant are funds given to you, which do not have to be repaid. Most are based on financial need.
  • Scholarships: Scholarships are funds awarded to you based on a talent or skill, financial need, or your major area of study. They do not have to be repaid.
  • Loans: Loans are borrowed funds that must be repaid, usually with interest, after you cease attending school at least half-time.
  • Employment: Funds are available to employ students part-time on campus at minimum wage.

Sources of Financial Aid

Students may apply for financial aid through four sources. Detailed information on these sources can be obtained from the ASUN Financial Aid/Student Services Office.

  • Federal: The federal government is the largest source of aid for ASU-Newport students. The federal aid programs include Federal Pell Grant, Direct Subsidized or Unsubsidized Loans, Federal Supplemental Educational Opportunity Grant, and Federal Work-Study.
  • State: The state of Arkansas provides some grants and scholarships. Contact the Arkansas Department of Higher Education → at 800.547.8839
  • ASUN: The university offers several employment and scholarship programs, including Incentive, Academic, and Leadership Scholarships.
  • Private: Private sources usually offer scholarships or grants. Information on private sources is available in libraries, the ASUN Financial Aid/Student Services Office, and the ASUN Counseling Center.