Arkansas State University - Newport

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Financial Aid


Welcome to Financial Aid & Scholarships at Arkansas State University-Newport! The Financial Aid Staff looks forward to assisting you by providing guidance through the financial aid process.

In order to best serve ASU-Newport students and the campus community, the Financial Aid Office has established guiding principles and they are demonstrated through the mission, vision, and values. 

Click here to see ASU-Newport's Tuition and Fees.

Spring 2024 Refund Dates = Refunds are processed through the Student Billing Office each semester.  To ensure you receive your refund quickly, you can set up direct deposit by logging into your Banner Self-Service account and select TouchNet.

  • February 15, 2024
  • February 29, 2024
  • March 7, 2024
  • March 14, 2024
  • March 21, 2024
  • March 28, 2024
  • April 4, 2024
  • April 11, 2024
  • April 18, 2024
  • April 25, 2024
  • May 2, 2024
  • May 9, 2024
Step 1: Apply for Admission to ASU-Newport

No student is considered for financial aid until he or she has applied and been accepted into Arkansas State University-Newport. 

ACTION STEP: Apply for Admissions


Step 2: Complete the Application for Federal Student Aid (FAFSA)

Once you've applied for admission to ASU-Newport, you need to apply for an FSAID


Complete the Free Application for Federal Student Aid (FASFA) online. The ASU-Newport federal school code is "042034". 


2023-2024 FAFSA (Fall 2023, Spring 2024, and Summer 2024)

2024-2025 FAFSA (Fall 2024, Spring 2025, and Summer 2025) 

Step 3: Verification

Verification is the confirmation through documentation that the information provided on a student's Free Application for Federal Student Aid (FAFSA) is correct. The federal government requires colleges and universities to confirm the data reported by students and their parent(s) on the FAFSA. The main reasons for being selected for verification include that you were chosen randomly, the FAFSA you submitted was incomplete, your FAFSA contains estimated information or the data you provided on the FAFSA is inconsistent. Verification is a federal regulation. Students who are selected for verification are not being punished; rather, verification prevents ineligible students from receiving aid by reporting false information and ensures that eligible students receive all of the aid for which they are qualified. 

If your FAFSA is selected for verification, the required documents will be listed in your Banner Self-Service.

If you have questions, please email  .

Step 4: Processing & Awarding of Financial Aid

Award Notification

Students will receive a financial aid award notice via their ASU-Newport student email account once all required documents have been received, reviewed, and updated on the student's list of required documents.. The award notice will prompt students to log into Banner Self-Service to view their financial aid awards. 

Information on the Award section of Banner Self-Service are described below:

  1. The award(s) will be listed by type and amount of aid per semester. You may accept or decline each award separately. You should carefully read the terms and conditions of each award before you accept an award. The amount of each award is based on your enrollment status as a full- time or part-time student; if you do not enroll in the number of hours for which your award was calculated, your award(s) will be adjusted appropriately. The Federal Pell Grant and scholarships are already accepted for you.  If you have been offered a student loan, you will need to review the offer and either accept, reduce, or decline for each loan listed. 

Students who have financial aid awards and remaining funds after tuition and fees are deducted will be able to charge books.

A STUDENT MUST BE ENROLLED AND BE ATTENDING CLASSES BEFORE FINANCIAL AID IS RELEASED.  No funds will be released until after the census date each semester. (For more information on ASU-Newport census dates, please view the current Academic Calendar.) For those students who will be receiving a refund (excess financial aid monies), there are three methods in which the can be released to the student. 

How Financial Aid Awards are Processed

  • ASU-Newport Registrar’s Office verifies attendance in each of the student's courses.
  • Once the verification of attendance is complete at census for each term/part of term, the Financial Aid office adjusts financial aid award amounts based on the number of credit hours the student is enrolled in..
  • The Financial Aid Office requests the federal government to release the funds to ASU-Newport.
  • Funds are applied to each student’s account.
  • For students who have remaining funds left after current charges for tuition, fees, books, etc. have been paid, the Student Billing Office will process a refund. Refunds are released in two forms: TouchNet will automatically issue a paper check and mail it to the address the student provided on their application for admission or Direct Deposit. For questions about refunds, email .

(Note: This timeline is subject to change and will be updated as needed.)

Step 5: Keep Your Financial Aid (Satisfactory Academic Progress)

Arkansas State University-Newport's goal is to support students along their academic journey. One of the ways that we support our students is to ensure that students are making Satisfactory Academic Progress (SAP). Maintaining SAP ensures that students remain on good Academic and Financial Aid standing. The information provided on the Satisfactory Academic Progress page outlines the processes ASU-Newport follows to ensure students maintain Satisfactory Academic Progress. Click the following link to learn more about Satisfactory Academic Progress and how to submit an appeal to reestablish academic and financial aid eligibility (if applicable). 

If you have questions, please email 

*IMPORTANT* Appealing a final grade in a course is a separate process than appealing an academic and/or financial aid suspension. To learn more about how to appeal a grade, please visit the current ASUN Course Catalog

Types of Financial Aid:Scholarships, Grants & Federal Work Study


Scholarships are funds awarded to you based on a talent or skill, financial need, or your major area of study and do not have to be repaid.

Federal Scholarships: Websites

State Scholarships: Websites

Arkansas Division of Higher Education 

Workforce Innovation and Opportunities Act 

National Scholarships: Website

National Farmworker Jobs Program (NFJP) 

Institutional Scholarships: Website

For a complete list of Private, NEA Charitable Foundation Scholarships, and ASU-Newport Institutional Scholarships go to


Grants are funds given to you, which do not have to be repaid. Most are based on financial need. 

Federal Pell Grant

A Federal Pell Grant provides a “foundation” of financial aid for many students to which aid from other federal sources may be added.


Recipients must be undergraduate students who have not earned a bachelor's or professional degree. You may receive funds if you are enrolled less than half-time, but you will not receive as much as if you were full time. Your school must disburse your Pell Grant funds in accordance with your enrollment status.  

  • Example:  A student that is enrolled in 6 hours for Flex I and 6 hours for Flex II can expect 1/2 of their Pell Grant to be disbursed for Flex I and the remaining 1/2 will disburse approximately 5 days after Flex II census.
Award The maximum award will be $7,395 per academic year. The amount awarded will depend not only on the results from your FAFSA, but on the cost of education, enrollment status, and whether or not attendance is for a full academic year or less.

Summer Financial Aid (Year-Round Financial Aid) 

The Consolidated Appropriations Act of 2017 allows a student to receive Federal Pell Grant funds for up to 150 percent of the student’s Pell Grant Scheduled Award for an award year. For a complete description and scenarios for year-round financial aid, click here.  Students needing additional funding may also borrow a Direct Student Loan. More information regarding student loans and availability can be found in the link below. 

Federal Supplemental Educational Occupational Grant (FSEOG)

This is a grant intended to supplement other aid received. These grants are federally funded with each school receiving a fixed amount each year. Therefore, funds are awarded to a limited number of undergraduate students with exceptional financial need.

Eligibility Undergraduate students with exceptional financial need.
Award FSEOG grants at Arkansas State University-Newport may range from $100 to $800 per academic year depending on the availability of funds. Not every student will be awarded this grant each semester.


Arkansas State University-Newport offers Federal Work Study programs to help students pay for educationally related expenses such as tuition, fees, books, transportation, and housing. 

What is Federal Work Study (FWS)?
This program provides jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay for college expenses.

How much can I earn on FWS?
Earnings will be at least the current federal minimum wage. The total amount that you earn will depend on the number of hours that you work each week. Most students work between 10 and 20 hours per week and are paid every two weeks. You will be notified by the Financial Aid Office concerning your FWS assignments.

What are my responsibilities as an FWS worker?
As a student worker, it is your responsibility to be willing to work and perform your assigned duties to the best of your ability. You must be dependable, prompt, and reliable in attendance and work the required period of time. If you must be absent from work, your supervisor should be notified prior to your scheduled work time. 

How do I apply for an FWS position? 
To apply, visit our Job Opportunities page. Click on the application that corresponds with the campus want to be employed.  

For more information about FWS, visit our Frequently Asked Questions page

Arkansas State University – Newport Scholarship Stacking Policy

If a student receives scholarships in excess of the student’s cost of attendance, the student will receive a reduction in awards. Per the Arkansas Division of Higher Education’s scholarship stacking policy (Arkansas Act 1180 of 1999), Arkansas Challenge will be reduced first. Then, if further reduction is necessary, scholarships will then be reduced in the following order: Institutional and then other ADHE scholarships. Although private scholarships and grants are included in calculating the student aid package, the University will not reduce private scholarships/grants.

Arkansas Department of Higher Education’s full scholarship stacking policy can be found at

Types of Financial Aid: Loans


Loans are borrowed funds that must be repaid, usually with interest, after you cease attending school at least half-time. 

ASUN Student Loan Code of Conduct

The purpose of the federal student loan program is to provide the best possible loan terms for students and parents who borrow to help finance higher education. ASU-Newport students and families receive trustworthy, reliable guidance from our institution about financial aid. The following guidelines are a framework to provide the best possible loan servicing for the students served by ASU-Newport and to avoid conflicts or the appearance of conflicts of interest.

  1. ASU-Newport is prohibited from receiving anything of value from any lending institution in exchange for any advantage sought by the lending institution. This prohibits any inappropriate financial arrangements between lenders and the university and specifically prohibits “revenue sharing” arrangements. Lenders cannot pay to be cited on the university’s lender list.
  2. ASU-Newport employees are prohibited from accepting anything of more than nominal value from any lending institution. This includes a prohibition for financial aid officers and other university officials from trips, catered meals, golf outings, etc. paid for by lenders.
  3. Financial Aid personnel do not participate on lender advisory boards but may certainly discuss student loan services and products for ASU-Newport students and parents with lenders.
  4. For assistance with choosing a lender, click on the private loan link below.
  5. The university must ensure that employees of lenders never identify themselves to students as employees of the university. No employee of a lender may ever work in or provide staffing assistance to the university’s financial aid office.
  6. ASU-Newport employees with responsibilities with respect to education loans are informed annually of the provisions of the code of conduct.

Direct Student Loan

  • Be seeking a degree or technical certificate at ASU-Newport.
  • Be enrolled in at least six hours.
  • Before a direct student loan can be disbursed, ALL students must complete Entrance Counseling and a Master Promissory Note (MPN). To complete both, go to Once you have signed in, be sure to click on “Direct Loan Entrance Counseling”.
Award Amount varies according to eligibility and need.


Private Loans

Students may select any lender or may review the various lenders that students at ASU-Newport have used in the past at

Loan Deferment Forms

Do you have a student loan deferment form that needs to be completed? Please review the steps below for processing.

1. Download the in-school deferment form you received from your lender

2. Complete the enrollment status section ((part-time; full time) and credit load of a current or previous term) and approximate graduation/completion date. Most forms request enrollment status. Also, fill in your name and current contact information on the form. 

3. Submit the partially completed form to the Registrar's Office at or drop it off at one of our three campuses.  

4. The Registrar's Office will complete and submit the form on your behalf. 

If you have questions, please email

Financial Aid: Charging Books, Glossary, Net Price Calculator, & Student Rights

How to Charge Books

Degree-seeking ASU-Newport students will be able to charge books and supplies against their financial aid if they complete the Title IV Authorization Form In Self-Service Banner and have financial aid greater than the amount of tuition, fees, and other charges

ASU-Newport students will be able to charge books at the ASU-Newport Bookstore only. Students may not use off-campus bookstores to charge books. 

If you have questions, please email


To understand the terms on this page, visit the Financial Aid Glossary here.

Net Price Calculator

The Net Price Calculator is intended to provide estimated net price information (defined as estimated cost of attendance — including tuition and required fees, books and supplies, room and board (meals), and other related expenses. To visit the ASU-Newport Net Price Calculator, click here. 

Student Rights

Equal Determination of Awards

Student financial aid at ASU-Newport is awarded on the basis of a uniform method of determining need and in accordance with federal rules, regulations, and laws governing the financial aid programs. Each student is given equal and individual treatment in determining eligibility. You are encouraged to contact the Financial Aid Office that is processing your financial aid with any questions about eligibility determination.

Special Circumstance Form

The ASU-Newport Financial Aid Office welcomes the opportunity to review your Special Circumstance Request. This application may be completed if your family’s financial situation has significantly changed from the previous calendar year. Attach supporting documentation with dollar amounts and clear explanations. Incomplete information will delay the processing of your request. Families with an Expected Family Contribution (EFC) of 0 will not be reviewed for extenuating circumstances. Decisions for appeals are handled on a case‐by‐case basis. When applicable, an adjustment(s) will be made to your FAFSA to possibly increase eligibility. All decisions are final and cannot be appealed to the Department of Education.

Student Responsibilities

Tuition and Fees

Upon registration, students are responsible for all tuition, fees, and all other charges listed on your student account..

Cancellation of Aid

Your student aid will be canceled and future applications refused consideration if you do any of the following:

1. knowingly provide false data;
2. fail to submit all requested documentation;
3. fail to fulfill the satisfactory academic progress requirement.

Change of Address

You must notify the ASU-Newport Financial Aid Office if your address changes while you are attending ASU-Newport. Also, if you are a loan recipient, it is your responsibility to notify ASU-Newport Financial Aid and the lender of any address change while you are repaying the loan, even if you are no longer attending ASU-Newport.

Loan Repayment

It is your responsibility to repay all loans received for attendance at ASU-Newport. You should carefully read all promissory notes before signing them.

Management of Funds

Student financial aid is normally awarded for an academic year, and you will receive your funds for each semester at the beginning of that semester.  You will need to manage your financial aid funds carefully so they will last the entire semester.

Over award

If you receive more financial aid than is needed to cover your educational costs, this is called an over award. Failure to tell the Financial Aid Office about outside financial resources or help may result in your receiving an over award. If you receive an over award, you will be responsible for repaying part or all of the financial aid received from the university. Be sure you notify the Financial Aid Office of new financial resources after the award has been made so you can avoid an over award. 

Student Aid Program Requirements

Each aid program has specific conditions, and it is your responsibility to carefully study and learn these conditions. Specific conditions for eligibility and receipt of funds from each program are in this guide and in your award letter.

Withdrawal from the University

You must complete an official withdrawal in writing if you voluntarily withdraw from the university. Official withdrawal forms are available in the Office of the Registrar. ASUN has an institutional refund policy listed in the 2023-2024 catalog.

There are additional requirements for federal funds and extended dates on which a student may be responsible for repaying federal funds. A student receiving federal funds who withdraws during the institutional refund period will have any refund applied to a federal account.

A student may be responsible for repaying federal and/or institutional funds due to withdrawing from the institution or due to receiving all “F’s” for not attending class. Federal fund recipients whose transcripts reflect all F’s for a semester will have repayment calculated at 50% (unless proof of attendance after the 50% date is received). Failure to officially withdraw from a course or the university will cause a failing grade of “F” to appear on your transcript for the course or courses not dropped. Withdrawal from the university may result in the suspension of financial aid under ASU-Newport’s Satisfactory Progress requirements. Unsatisfactory attendance may result in an adjustment or loss of financial aid as well. 

Financial Aid: ASU-Newport Tuition & Fees

To view the ASU-Newport's current tuition and fee schedule, please click here

Financial Aid: Resources for Success

Financial Literacy

The following information is provided by Nelnet.

Nelnet is committed to providing the resources you need to help your students develop healthy financial habits during and after college. We have printed resources—from repayment charts to budgeting worksheets—to make sure the information you and your students need is available when you need it.

The FSA Resources provides publications, fact sheets, online tools, and tips on getting ready for college, as well as other resources of financial aid to help your students pay for college.

Cash Course is your guide to making informed financial choices. Register for a free account to find your assignments and other financial tools and start taking charge of your money.

Smart About Money are free courses for students to take to help with money basics! Also, there is a database of questions and answers about financial literacy.  

Watch this video about a Financial Literacy Checklist that can be used by all students!

Watch this video about how to manage student loans

If you have an idea for additional materials that would help you in your financial literacy efforts, please don’t hesitate to contact us.

Resources for Students—Comprehensive, detailed information on federal student aid from preparing financially for college through loan repayment.—See fact sheets, publications, videos, and infographics on various financial aid topics.

College Navigator—Interactive website that helps students explore and compare features of different schools including programs and majors, admissions considerations, campus crime statistics, and more.

College Scorecard—Provides essential information about a particular school’s costs, graduation rates, and the average amount students borrow, all in a standardized easy to read format.

Net Price Calculator—Tool that helps students find the net price calculator for a particular school. Students can input personalized information into a school’s net price calculator in order to determine how much a school’s program may cost after subtracting any financial aid the student is likely to receive.

Financial Awareness Counseling Tool (FACT)—Interactive resource that helps students understand their student loan obligations and provides money management tips and tools.

Toll-free number: 1-800-4-FED-AID (1-800-433-3243)
TTY (for the hearing impaired): 1-800-730-8913
Phone number: 319-337-5665

Social Media

Counselors and mentors can learn how to leverage Federal Student Aid’s social media content at

Other Federal Resources

FDIC Money Smart—Comprehensive financial education curriculum designed to help low- and moderate-income individuals enhance their financial skills and create positive banking relationships.—U.S Treasury Department provides financial capability information for youth, lesson plans for teachers, and research reports about money, saving, and planning for the future.

Consumer Financial Protection Bureau (CFPB)—Provides help for making informed financial decisions about paying for college, such as how to compare financial aid offers, choosing a loan, managing money, and repaying debt.

Financial Aid: Meet the Staff

The ASU-Newport Financial Aid Staff is dedicated to serving students. 

Stacey Dunlap
Dean for Financial Aid & Student Support Services

Mikayla Jones
Financial Aid Analyst

Questions: Email .

Hours of Operation
Fall/Spring: Monday-Friday 8:00 am - 4:30 pm
Summer: Monday-Thursday 8:00 am - 5:30 pm