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student financial services

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Welcome

The primary purpose of  the Financial Aid office is to supply students, who would not otherwise be able to pursue a post-secondary education, with resources to help cover school expenses. The list provided below is to be used as an information guide for those applying for financial aid.

Completing the Free Application for Federal Student Aid (FAFSA)

FAFSA on the Web - To complete the FAFSA online you will need a supported browser.

Note: You will need your federal PIN number and a copy of your most recent tax return. After completing the web based FAFSA, please document the Confirmation Number you receive after transmitting your application.

To receive any kind of Federal Financial Aid, a student must:

    • Be enrolled as a regular student in an eligible program*
    • Not be in default on any Title IV loan or owe a refund on any Title IV aid
    • Not have a drug related conviction Be a citizen or eligible non-citizen**
    Generally you are an eligible non citizen if you are:
  • A U.S. permanent resident with a Permanent Resident Card (I551);
  • A conditional permanent resident (I-551C); or
  • The holder of an Arrival-Departure Record (I-94) from the Department of Homeland Security showing any of the following designations:
    •  “Refugee,”
    •  “Asylum Granted,”
    • “Parolee” (I-94 confirms paroled for a minimum)

     


     

    Federal Loans

    For all undergraduate subsidized and unsubsidized Stafford loans first disbursed on or after July 1, 2013, the interest rate is fixed at 3.86 percent. The rate for graduate unsubsidized loans is 5.41 percent. For Stafford loans that are first disbursed on or after July 1, 2013 there is a fee of 1.051 percent of the loan deducted proportionately from each loan disbursement; for Stafford Loans that are first disbursed on or after December 1, 2013, there is a fee of 1.072 percent of the loan, deducted proportionately from each loan. 

    To receive a Stafford Direct Loan:

    1. Complete the FAFSA.

    2. Complete the Stafford Master Promissory Note.

    3. Complete Stafford Entrance Counseling.

    Federal Direct Loan Exit Counseling

    As required by federal regulation, all student Federal Direct Loan borrowers must complete Loan Exit Counseling when they graduate, withdraw, or cease to be enrolled at least a half-time at a college or university.  The exit counseling informs a borrower of their rights, responsibilities, and terms of repayment of the loan. Exit counseling online may be accessed at www.nslds.ed.gov using the federal PIN used to complete the FAFSA.  A loan counseling exit form may completed and returned to the Student Financial Services Office if it cannot be completed online. Complete Exit Counseling Online>>

    Your federal student loans will be reported to, and tracked by, the National Student Loan Data System (NSLDS) which is accessible to you, guaranty agencies, eligible lenders, and eligible institutions of higher education as authorized users of NSLDS. Your access is through the use of your FAFSA PIN, at www.nslds.ed.gov


     

    Student Financial Services | Caldwell Hall Room 102

    Phone: (870) 575-8302 | Fax: (870) 575-4622 | Email: finaid@uapb.edu