Arkansas State University - Newport

Search form

Year-Round Financial Aid

Financial aid is only available for students who are seeking a degree or certificate at ASU-Newport. If a student only registers in summer 2018 courses at ASU-Newport, the student is not eligible for financial aid at ASU-Newport. 

To be eligible for the additional Pell Grant funds, the student must meet all general eligibility requirements to receive financial aid for the payment period and must be enrolled at least half time in the payment period for which the student receives the additional Pell Grant funds in excess of 100 percent of the student’s Pell Grant Scheduled Award.

Important Note: The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by a federal law to be 600 percent.  If a student's lifetime eligibility used (LEU) equals or exceeds 600 percent, the student may no longer receive Pell Grant funding. Students can log on to www.nslds.ed.gov to view their Pell Grant LEU.

Arkansas State University-Newport (ASU-Newport) will review student records once students have registered for all of their summer coursework and no longer intend to adjust their enrollment, they will need to complete the 2018 Summer Financial Aid Application to request a Pell Grant and/or loan funds for the summer semester.

  • To qualify for Summer Pell award, the student must be enrolled in 6 credit hours. Summer enrollment includes any regular courses taken during the Summer I and Summer II. However, if the student is enrolled in 6 credit hours in multiple session and drops the 3 credit hour course this may make them ineligible for the additional Year Round Pell award.
  • Summer awards will be based on full-time enrollment (12 or more credit hours) and award amounts will be adjusted or canceled once enrollment is confirmed and academic progress is reviewed. 

Below are Scenarios describing how Year Round Summer Pell is processed.  For more information, please contact the ASU-Newport Financial Aid Office at .

Scenario 1

Fall 2017

Spring 2018

Summer 2018

Enrollment

12 hours

12 hours

6 hours

Pell award

$2960 (50%)

$2960 (50%)

$1480 (25%)

 

Scenario 2

Fall 2017

Spring 2018

Summer 2018

Enrollment

12 hours

12 hours

3 hours

Pell award

$2960 (50%)

$2960 (50%)

$0 (0%)

 

Scenario 3

Fall 2017

Spring 2018

Summer 2018

Enrollment

12 hours

12 hours

12 hours

Pell award

$2960 (50%)

$2960 (50%)

$2960 (50%)

 

Scenario 4

Fall 2017

Spring 2018

Summer 2018

Enrollment

12 hours

9 hours

6 hours

Pell award

$2960 (50%)

$2220 (37.5%)

$1480 (25%)

 

Scenario 5

Fall 2017

Spring 2018

Summer 2018

Enrollment

9 hours

9 hours

6 hours

Pell award

$2220 (37.5%)

$2220 (37.5%)

$1480 (25%)

 

Dropping, Withdrawing or Failing Classes

It is possible that you could owe money back for all or part of your Federal Pell Grant if you do not complete classes that you registered for in the summer. The amount you may owe will be calculated based on the drop date, the number of credits and the last day that you attended classes.

Pell Grant Amount Depends on Enrollment

Your summer Pell Grant amount will depend on the number of credits you are registered in, as well as your Pell Lifetime Eligibility Units (LEU). The Pell Grant amount will be adjusted just prior to the release (disbursement) of your aid based on your enrollment level. Enrollment levels are defined in the following manner:

12+ credits = 100% of the semester Pell Grant amount

9-11 credits = 75% of the semester Pell Grant amount

6-8 credits = 50% of the semester Pell Grant amount