Arkansas State University - Newport

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Year-Round Financial Aid: Summer 2019

Financial aid is only available for students who are seeking a degree or certificate at ASU-Newport. If a student only registers in summer 2019 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 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 2019 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. 
  • If you are completing a degree during Summer I and are wanting to take courses Summer II, you will not be eligible for Summer II financial aid. The reason you are not eligible for aid during Summer II are viewed as one academic term. ASU-Newport policy says that students cannot change degrees in the middle of the term. 

  • If you do want to enroll courses during Summer II, you will need to enroll as a Visiting Student and self-pay.  

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 2018

Spring 2019

Summer 2019

Enrollment

12 hours

12 hours

6 hours

Pell award

$3,048 (50%)

$3,047 (50%)

$1,524 (25%)

 

Scenario 2

Fall 2018

Spring 2019

Summer 2019

Enrollment

12 hours

12 hours

3 hours

Pell award

$2960 (50%)

$2960 (50%)

$0 (0%)

 

Scenario 3

Fall 2018

Spring 2019

Summer 2019

Enrollment

12 hours

12 hours

12 hours

Pell award

$3,048 (50%)

$3,047 (50%)

$3,048 (50%)

 

Scenario 4

Fall 2018

Spring 2019

Summer 2019

Enrollment

12 hours

9 hours

6 hours

Pell award

$3,048 (50%)

$2,286 (37.5%)

$1,524 (25%)

 

Scenario 5

Fall 2018

Spring 2019

Summer 2019

Enrollment

9 hours

9 hours

6 hours

Pell award

$2,286 (37.5%)

$2,286 (37.5%)

$1,524 (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

 

  • Submit a 2018-2019 and 2019-2020 FAFSA ASU-Newport by May 1, 2019. (If you submit your FAFSA after March 8, we are unable to guarantee your application will be processed in time to award summer financial aid.)
  • Be a newly-admitted or continuing student in a financial aid-eligible undergraduate.
  • If you’re a continuing student, meet Satisfactory Academic Progress Standards
  • Enroll by midnight on May 28, 2019, in enough financial aid eligible credits to receive funds. For federal loans, you must be enrolled at least half-time (minimum of 6 undergraduate or 5 graduate credits).
  • Ensure you have no To Do items or Holds which prevent financial aid awarding.
  • Have unused loan eligibility from Fall 2018 and Spring 2019 semesters. Direct Loans (Subsidized and Unsubsidized) have annual and lifetime limits (see table below). If you accepted or received less than your annual limits in fall and spring, you may request additional loans for summer.

YEAR ROUND PELL GRANTS

Pell Grants are available year round. For most students, there is a requirement to enroll at least half-time (6+ credits) to receive the Pell Grant for summer. Learn more about year-round Pell Grants.

Requesting Summer Aid

Submit the 2018-2019 and 2019-2020 FAFSA by May 1, 2019. There are two FAFSA versions available – confirm you have submitted the one for the 2018-2019 aid year. 

  1. Finalize your summer class schedule. Summer registration begins April 8. Finalize your schedule by mid-May if possible. Classes for Pell Grant and Direct Loan consideration must be added by May 28, 2019.
  2. Monitor your mycampus.asun.edu for Holds or To Do items that could prevent summer aid awarding or disbursement.
  3. Log into mycampus.asun.edu. 
  4. Select the “Request Summer Loans” link to check your eligibility and to request federal unsubsidized or subsidized loans.
  5. You’ll receive an email notification that your aid is awarded. Visit the Financial Aid tile to accept, decline, or reduce your loans. Your Pell Grant is automatically accepted on your behalf.

Receiving Aid (Disbursements)


  • You must be enrolled in classes to receive loan funds. Loans requested or accepted after your summer classes end are ineligible for disbursement.
  • Loan awarding typically takes up to 3 weeks after requesting summer loans.
  • Aid will be disbursed (released to pay fees) 3 business days before the start of your earliest session unless you attended spring 2019 semester:
    • *Disbursement for sessions which start May 12 may be delayed if you attended spring 2019 semester. We must wait for grades to be finalized and Satisfactory Academic Progress (SAP) to be checked before releasing funds.
  • Holds, To Do items, or enrolling in too few credits can prevent your aid from disbursing. Make sure your schedule is finalized early (wait-listed classes excluded from counting for financial aid purposes).
  • Dropping classes, even before they have begun, can affect your aid if it has already been awarded. Please contact our office via phone or in-person to discuss the impact on your aid award.

TO-DO ITEMS & SAP DEADLINES

Dropping / Withdrawing from Summer Sessions

Summer sessions are shorter and more varied than during the rest of the year. When you drop or withdraw from classes, there can be a significant impact on your aid, including needing to repay funds in some situations. Contact the ASU-Newport Financial Aid Office before you drop or withdraw from a course(s) to be informed about how changing your decision will impact your summer aid.