Financial Aid

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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
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 Admission
Complete the Application for Federal Student Aid (FAFSA)
Once you've applied for admission to ASU-Newport, you need to apply for an FSAID.
ACTION STEP:
Create an FSA ID
Complete the Free Application for Federal Student Aid (FAFSA) online. The ASU-Newport
federal school code is "042034".
ACTION STEP:
Complete the FAFSA
2025-2026 FAFSA (Fall 2025, Spring 2026, and Summer 2026)
2026-2027 FAFSA (Fall 2026, Spring 2027, and Summer 2027)-
Available NOW!
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.
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
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.
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 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 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:
Direct Deposit
(PREFERRED REFUND METHOD)
- direct deposit can be set up in your Banner Self-Service account under the TouchNet
link.
Paper checks are mailed to the address the student provided on their application for
admission.  This refund option is wholly dependent upon the US Postal Service.
For questions about refunds, email
businessservices@asun.edu
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
and how to submit an appeal to reestablish academic and financial aid eligibility
(if applicable), please visit our website.
If you have questions, please email
sap@asun.edu
.
IMPORTANT
:
Appealing a final grade in a course is a separate process from 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
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.
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 at https://sams.adhe.edu
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
Overview, Application, and Eligibility rules can be found
HERE
.
National Guard Tuition Waiver
Application and Eligibility information can be found
HERE
.
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 are available both on and off-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, click
HERE
Loans
Federal Direct Loans
:
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.
Application Process
:
Complete the FAFSA.
Borrowers must complete Entrance Counseling and sign a Master Promissory Note (MPN).
Repayment
: Begins six months after graduation, leaving school, or dropping below half-time
enrollment.
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
scholarships
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 (ACT Based Asset, Honor, Distinction, Ambassador, etc), 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.
Questions about Financial Aid?
Contact the Financial Aid Staff at
FinancialAid@asun.edu.
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