Opening Thoughts
Attending a public university in Arkansas can be more affordable than a private institution, especially when you take full advantage of the available financial aid options. This guide will provide an overview of federal, state, and institutional financial aid programs to help you maximize your opportunities for funding.
Federal Financial Aid Programs
Your first step in securing financial aid is completing the Free Application for Federal Student Aid (FAFSA). This form will determine your eligibility for various federal aid programs, including:
• Pell Grants: Need-based grants that do not require repayment, ideal for students with demonstrated financial need.
• Federal Work-Study: Offers part-time employment opportunities to help students earn money for college expenses.
• Federal Student Loans: Low-interest loans, including subsidized loans where the government pays the interest while you’re in school.Pro Tip: Submit the FAFSA as early as possible to ensure you’re considered for all available funding.
State-Specific Financial Aid in Arkansas
Arkansas offers several financial aid programs to residents attending public universities:
- Arkansas Academic Challenge Scholarship
This scholarship is funded by the Arkansas Scholarship Lottery and is available to Arkansas residents. Awards are based on high school GPA, ACT/SAT scores, and college-level performance.
• Eligibility: Must be an Arkansas resident with a minimum GPA and standardized test score.
• Award Amount: Varies based on the student’s year in school. Freshmen can receive up to $1,000, with the amount increasing each year.- Arkansas Future Grant (ArFuture)
The ArFuture Grant is aimed at students pursuing high-demand fields, such as STEM (Science, Technology, Engineering, Math) and healthcare.
• Eligibility: Must enroll in an approved program of study and commit to working in Arkansas for a set period after graduation.
• Award Amount: Covers tuition and fees for qualifying certificate and associate degree programs.Institutional Scholarships at Public Universities in Arkansas
Public universities in Arkansas, including University of Arkansas (U of A) and Arkansas State University (ASU), provide a variety of scholarships based on academic achievement, extracurricular involvement, and financial need:
• University of Arkansas: Offers the Chancellor’s Scholarship and Arkansas Academic Scholarship for students with outstanding academic records.
• Arkansas State University: Provides scholarships such as the ASTATE Scholar and Leadership Scholarship to attract high-achieving students.Tip: Visit the financial aid office’s website of each university to explore the specific scholarships and application deadlines.
Tips for Maximizing Financial Aid
• Apply Early: Complete the FAFSA and Arkansas-specific scholarship applications as soon as they become available.
• Research Local Scholarships: Many community organizations in Arkansas offer scholarships to students attending public universities. Check with local businesses, churches, and non-profits.
• Keep Up Your GPA: Many scholarships require maintaining a certain GPA, so staying academically focused can help you retain and qualify for more aid.Relevant Links/Sources:
• Federal Student Aid - FAFSA
• Arkansas Department of Higher Education Scholarships
• University of Arkansas Scholarships