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.

Refunds

Refunds are processed through the Student Billing Office each semester. The fastest and most reliable way to get your refund is through direct deposit which can be set up in your Banner Self-Service account.  Login at https://ssb.asun.edu and select TouchNet. For questions about refunds, email BusinessServices@asun.edu. 

Refund dates can be found on the Tuition and Fees page.

 

Steps to Receive and Review Financial Aid

1. Apply for Admission to ASU-Newport

 Apply for Admission

 

2. Complete the Application for Federal Student Aid (FAFSA)

Once you've applied for admission to ASU-Newport, you need to create a Federal Student Aid ID (this will be used to electronically sign your FAFSA form).

Create an FSA ID

 

3. Complete the Free Application for Federal Student Aid (FAFSA) online.

The ASU-Newport federal school code is "042034".

Complete the FAFSA

2026-2027 FAFSA (Fall 2026, Spring 2027, and Summer 2027)- Available NOW!

2026-2027 FAFSA (Fall 2026, Spring 2027, and Summer 2027)- Available October 1, 2027

4. 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 you may be selected for verification include being chosen randomly, submitting an incomplete FAFSA, providing estimated information on your FAFSA, or having inconsistent information on your FAFSA.

If your FAFSA is selected for verification, the required documents will be listed in your Banner Self-Service.  For questions, please email FinancialAid@asun.edu

5. 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.

The award email will prompt students to log into Banner Self-Service to view their financial aid awards.

How Financial Aid Awards are Processed

ASU-Newport Registrar’s Office verifies attendance in each of the student's courses.

Once attendance is complete at census for each term/part of the 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 then 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:

1. 1. Direct Deposit (PREFERRED REFUND METHOD) - direct deposit can be set up in your Banner Self-Service account under the TouchNet link. 
   2. Paper checks are mailed to the address the student provided on their application for admission.  Paper checks can take anywhere from 10 days to two weeks.  The timeframe is dependent on the US Postal Service.   For questions about refunds, email businessservices@asun.ed

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.  For more information about Satisfactory Academic Progress, please email sap@asun.edu.

IMPORTANT: Appealing a final grade in a course is a separate process from appealing suspension. To learn more about how to appeal a grade, please visit the current ASUN Course Catalog.

 

Types of Financial Aid

Scholarships

Institutional Scholarships

ASU-Newport offers a variety of scholarships for incoming, transfer, and current students based on academic performance, leadership, and financial need.  For more information, visit the Scholarships page.

External Scholarships

Scholarships offered by external organizations, businesses, and community groups.

These can be based on various criteria, including academic merit, field of study, and extracurricular involvement.

Resources

• • Scholarship search engines like Fastweb, Scholarships.com, and the College Board.
  • Local community organizations, professional associations, and employers.  Note:  Applying for outside scholarships should always be free.  Be cautious if you are asked to pay a fee to apply for a scholarship search.

Grants

Federal Pell Grant

A need-based grant for undergraduate students. The amount awarded depends on financial need, cost of attendance, enrollment status, and length of attendance.

To apply, complete the Free Application for Federal Student Aid (FAFSA).

Federal Supplemental Educational Opportunity Grant (FSEOG)

A grant for undergraduates with exceptional financial need. Priority is given to Pell Grant recipients with the lowest expected family contributions (SAI's).

Arkansas Future Grant (AR Future)

Grant provided by the State of Arkansas to students pursuing high-demand fields of study. Recipients must agree to work full-time in Arkansas for at least three years after graduation.  Submit an Application.

Arkansas Academic Challenge Scholarship:

Scholarship provided by the State of Arkansas that is funded in part by the Arkansas Lottery, is available to Arkansas residents based on academic achievement.

Military Scholarships & Grants

• • Veterans Education Benefits
    • Visit Choose VA to review Application, and Eligibility rules

• • National Guard Tuition Waiver
    • The Arkansas Scholarship Application Managment System provides an overview of the National Guard Tuition Waiver program for those applying for or considering applying for this scholarship.

Work-Study Programs

Federal Work-Study (FWS):

Provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses.

Jobs at ASU-Newport are available on -campus, often in community service or fields related to the student’s course of study.

Students are encouraged to apply early, as funds are limited.

Senior Aviator Tuition Waiver

Arkansas residents who are 60 years of age or older are encouraged to enroll tuition-free in existing for-credit courses based on availability of space.  

For more information and to complete the Senior Aviator Tuition Waiver.

Loans

Federal Direct Loans

Federal Direct Loans are low-interest loans provided by the U.S. Department of Education to students and parents to help cover educational expenses. 

Types of Federal Direct Loans

• • Subsidized Loans: For undergraduate students with financial need. The U.S. Department of Education pays the interest while the student is in school at least half-time, during the grace period, and during deferment periods.
  • Unsubsidized Loans: Available to undergraduate and graduate students; not based on financial need. The borrower is responsible for paying interest during all periods.

Applying

1. 1. Prospective students must complete the FAFSA to apply for Federal Direct Loans.
   2. Borrowers must also complete Entrance Counseling and sign a Master Promissory Note (MPN).
   3. Repayment begins six months after graduation, leaving school, or dropping below half-time enrollment. 

Complete the FAFSA

Private Loans

Private student loans are non-federal loans offered by banks and other lending institutions to help cover educational expenses. 

These loans should only be considered after you have explored all federal financial aid options, as they typically have less flexible repayment terms and may require a credit check or co-signer.

Application Process

• • 1. Go to https://choice.fastproducts.org/FastChoice/home/4203400 to researach and selct a lender of your choice.  
    2. Complete the lender's application and be sure to select ASU-Newport as your school.
    3. Email the Financial Aid Office with your name, student ID number, and that you have appied for a private loan.
    4. Once your application is approved, your loan will be sent to ASU-Newport for certification.
    5. The Financial Aid Office will review your eligibility and certify the loan amount.
    6. After certification, your lender will finalize the loan and send the funds to ASU-Newport.
    7. Private loans will be applied to your ASU-Newport balance once they are received.

Important Information

• • • Private loans require a credit check and may require a co-signer.
    • Loan approval, interest rates, and repayment terms are determined by the lender.
    • Processing time varies, so apply early.
    • Funds will be applied to your ASUN account balance first; any remaining funds will be sent to the student.

 

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ASUN Student Loan Code of Conduct

• Ensures ethical practices in student lending and borrowing.   
• Prohibits ASU-Newport from receiving anything of value from any lending institution in exchange for any advantage or consideration.

Scholarship Stacking Policy

If a student receives aid in excess of the student’s cost of attendance, the student will receive a reduction in awards. Per Arkansas Department 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.

Questions about Financial Aid? 

Contact the Financial Aid Staff at FinancialAid@asun.edu.