Arkansas State University - Newport

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Financial Aid

Overview

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. 

Step 1: Apply for ASU-Newport Admission

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 Admissions

Step 2: Complete the Application for Federal Student Aid (FAFSA)

Once you've applied for admission to ASU-Newport, you need to apply for a Federal Student Aid ID number.

ACTION STEP: Create an FSA ID

Complete the Free Application for Federal Student Aid (FASFA) online. The ASU-Newport federal school code is "042034". 

ACTION STEP: Complete the FAFSA

Step 3: 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 verify or 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. Verification is a federal regulation. Students who are selected for verification are not being punished; rather, verification prevents ineligible students from receiving aid by reporting false information and ensures that eligible students receive all of the aid for which they are qualified. 

If you were not selected for verification, please move to Step 5. 

If you were selected for verification, please review the items below. 

Please note the change in verification processes from 2017-2018 to 2018-2019. 

We are pleased to announce our new automated verification solution called ProVerify powered by ProEducation Solutions. If your 2018-2019 FAFSA application is selected for V1 verification by the U.S Department of Education, you will receive an introductory email via your ASU-Newport school email address. (Remember that your 2018-2019 FAFSA will be used for Fall 2018 and Spring 2019.)

We will use ProVerify for 2018-2019 verification process beginning on May 2, 2018.

V1 Verifications Only 

What Happens Next?

A custom school link will be included in the introductory communication inviting you to access the ProVerify system. You will need to do the following:

• Confirm your identity (authentication).

• Create a secure password.

• Access your Documents and begin the verification process (this includes the completion of online forms).

Upon receipt of all required documents, the automated verification process will begin for 2018-2019. Students will be notified via ASU-Newport student email or text if there are any questions or if any additional documentation is required. Once verification has been completed, the ASU-Newport Financial Aid Office will add the appropriate financial aid awards for Fall 2018 and Spring 2019 to your student account.

Questions? Email 

V4 and V5

V4 Verification (ONLINE FORM COMING SOON)

V5 Verification (ONLINE FORM COMING SOON)

Step 4: Processing & Awarding of Financial Aid

Processing of Awards

Non-verify students:

Financial Aid staff will review financial aid eligibility, any required documents, and award financial aid to the student account. 

Students Selected for Verification: 

Financial Aid staff will review all documents required for verification to determine financial aid eligibility. If there are discrepancies in the information provided, the financial aid staff will contact the student via ASU-Newport email to resolve the conflicting information. Once the information is corrected, the Financial Aid Staff will make corrections to the FAFSA. After the corrections are processed, the student's financial eligibility is evaluated and financial aid awards are added to the student account. 

Award Notification

Students will receive a financial aid award notice via their ASU-Newport student email account. The award notice will prompt students to log into mycampus.asun.edu accounts to view their financial aid awards. 

Information on the financial aid section of mycampus.asun.edu are described below:

  1. The award(s) will be listed by type and amount of aid per semester. You may accept or decline each award separately. You should carefully read the terms and conditions of each award before you accept an award. The amount of each award is based on your enrollment status as a full- time or part-time student; if you do not enroll in the number of hours for which your award was calculated, your award(s) will be adjusted appropriately.

Students who have financial aid awards and remaining funds after tuition and fees are deducted will be able to charge books at least three business days prior to the first day of classes.

A STUDENT MUST BE ENROLLED AND be ATTENDING CLASSES BEFORE FINANCIAL AID IS RELEASED.  No funds will be released until after the census date each semester. (For more information on ASU-Newport census dates, please view the current Academic Calendar.) For those students who will be receiving a stipend (excess financial aid monies), there are three methods in which the can be released to the student. 

Payment of Tuition and Fees

Tuition and fees owed to the university will be recovered in full from a student’s financial aid prior to the release of additional funds to the individual. Following the institutional payment for tuition and fees, remaining financial aid funds will be processed and released to assist the student in paying for other related educational expenses.

  • Before a payment is made on the student account, that student’s records are reviewed to determine to see if the student is still eligible for the award. Eligibility is defined as making Satisfactory Academic Progress and enrolled in the appropriate number of hours.
  • In addition, no disbursements of Pell Grants will be made until a student’s financial aid is complete and all conflicting documentation has been resolved. If verification results in a change in expected family contribution, a correction will be submitted to the Central Processor and received by ASU-Newport before any disbursement is given.
  • According to Section 690.3 of the Federal Regulations, a payment period for an institution that uses semesters is the semester. Arkansas State University-Newport’s enrollment period is a semester and, therefore, uses a semester as a payment period.
  • Federal regulations require multiple disbursements of Federal Loans. No installment amount will exceed more than one-half of the loan proceeds. The second disbursement will not be made until at least one-half of the enrollment period has elapsed. If the first disbursement occurs on or after the time scheduled for a second disbursement, the proceeds can be delivered by the lender in a single check.
  • Students must be enrolled in at least 6 hours to receive loan monies. 

 If you have financial aid awards on your student account, the process below will pertain to you. If you do not have a financial aid award on your account, please email to check on the status.

How Financial Aid Awards are Processed

  • ASU-Newport Registrar’s Office is verifying every student’s attendance in each of their courses.
  • Once the verification of attendance is complete, the Financial Aid office adjusts financial aid award amounts based on the courses each student is active.
  • The Financial Aid Office requests the federal government to release the funds to ASU-Newport.
  • The ASU-Newport Business Office applies the funds from the government to each student’s account.
  • For students who have remaining money left after current charges for tuition, fees, books, etc. have been paid, the ASU-Newport Business office will process a stipend (refund). Stipends are released in two forms: Nelnet will automatically issue a paper check and mail it to the address the student provided on their ASUN application or Direct Deposit. (If you have not set up direct deposit, it is recommended you do so by September 9th.) Click here to view the video tutorial.

Fall 2018: Stipends are expected to be available (personal bank accounts or check) 9/14/18 -9/21/18. (Please note that this is an estimated window and could be subject to change.)

Step 5: Keep Your Financial Aid (Satisfactory Academic Progress)

WHY MONITOR ACADEMIC PROGRESS?

Federal Regulations require that students that apply for and/or receive Title IV Aid must be monitored for Satisfactory Academic Progress (SAP). 

View ASU-Newport's Satisfactory Academic Progress Policy 

Title IV Aid includes the following programs:

  • Federal Pell Grants
  • Federal Supplemental Educational Opportunity Grant (FSEOG)
  • Federal Work Study (FWS)
  • Federal Perkins Loan
  • Federal Direct Subsidized and Unsubsidized Loans
  • Federal PLUS Loans (Parent and Grad)

Satisfactory Academic Progress will be reviewed each semester for undergraduate students (including summer) and during the application process.

HOW IS PROGRESS MEASURED?

Satisfactory Academic Progress determination will be based on the following:

Qualitative Progress

  • Maintain a minimum cumulative grade point average (GPA) of 2.0 for undergraduate students

Quantitative Progress

  • Successfully completing at least 67% of cumulative hours attempted
    • Attempted Hours includes:
      • Developmental/Remedial Hours
      • Repeat/Incomplete Hours
      • Academic Clemency Hours
      • Transfer Hours/Concurrent (High School) Enrollment
      • All hours regardless of whether a student received Financial Aid
  • Students seeking their first undergraduate degree must complete their program within 150% of the published timeframe of their degree program.
    • Ex: Degree program that requires 60 hours. 60 X 150% = 90 hours maximum

ASU-NEWPORT STUDENT ELIGIBILITY

  • Student eligibility will be reviewed at the end of each semester (including summer) as well as during the application process.
  • Students must be admitted and enrolled in an eligible degree program.
  • Students must complete at least 67% of cumulative hours attempted and maintain a cumulative 2.0 GPA.
  • Students may not exceed 150% of the published length of their degree program.

TRANSFER AND RE-ADMITTED STUDENT ELIGIBILITY

  • Transfer and Re-Admitted student eligibility will be reviewed upon admission to ASU-Newport.
    • All official transcripts must be received and evaluated by the Office of Enrollment Services before eligibility can be determined.
      • Unofficial transcripts cannot be accepted to determine eligibility.
  • Eligibility will be based on the hours accepted by ASU-Newport
  • Transfer and Re-Admitted students must meet the following requirements:
    • Transfer and Re-Admitted students must be admitted and enrolled in an eligible degree program.
    • Transfer and Re-Admitted students must complete at least 67% of cumulative hours attempted and maintain a cumulative 2.0 GPA.
    • Transfer and Re-Admitted students may not exceed 150% of the published length of their degree program.
  • Transfer and Re-Admitted students that are not in compliance with any of these requirements will be placed on Financial Aid Suspension.

ADDITIONAL ELIGIBILITY INFORMATION

  • Incomplete coursework will be evaluated as unearned hours until the course has been satisfactorily completed
  • Incomplete coursework must be completed by the designated date agreed upon on the Incomplete Request Form. 
  • Students who have repeat coursework must contact the Office of Admissions, Records, and Registration to have their academic transcript recalculated.

FAILURE TO MEET SAP REQUIREMENTS

  • Students who do not meet cumulative GPA requirements will be placed on Financial Aid Warning for their next semester of enrollment.
  • Students who do not successfully complete 67% of their cumulative attempted hours will be placed on Financial Aid Warning for their next semester of enrollment.
  • Students who do not complete their program within 150% of the published timeframe will be placed on Financial Aid Suspension.
  • If at any point it is clear that a student will not be able to complete their degree within the allotted timeframe, they will be placed on Financial Aid Suspension.
    • Changing degrees does not affect the formula used in calculating the maximum timeframe.
  • Students receiving all Fs or Ws for a term of enrollment will be required to return a portion of the Federal Financial Aid funds they received for the semester.

FINANCIAL AID WARNING

  • Students placed on Financial Aid Warning must have a minimum cumulative GPA of 2.0 and have completed at least 67% of their cumulative hours attempted by the end of the next term of enrollment.
  • Failure to meet these requirements by the end of the Financial Aid Warning period will result in Financial Aid Suspension.

FINANCIAL AID SUSPENSION

  • Students placed on Financial Aid Suspension are not eligible for Federal Financial Aid until they meet cumulative SAP requirements or are approved through the appeals process.
  • To regain Federal Financial Aid eligibility there are two options:
    • If there were no extenuating circumstances, the student must complete coursework until they meet cumulative SAP requirements.
    • If there were extenuating circumstances that affected their academic performance, students must submit an appeal to attempt to have their eligibility restored.

NOTIFICATIONS OF FINANCIAL AID STATUS

  • Students that do not meet SAP requirements will be notified via ASU-Newport email after final grades for the semester.
  • For transfer students, notifications will be sent once all transfer work has been reviewed and evaluated by the Office of Enrollment Services.
  • Failure to receive notification does not dispute or reverse the termination of a student’s eligibility to receive Financial Aid.

SUBMITTING AN APPEAL

  • Students may appeal to have their eligibility restored if there are extenuating circumstances that affected their academic performance.
    • Extenuating circumstances may be defined as situations beyond the student’s control that do not allow them to successfully complete their semester.
      • Examples include: prolonged illness, accidents that require hospitalization of the student or immediate family member, death of an immediate family member, or divorce of the student or the student’s parents.
  • Students must appeal to have their eligibility restored once they have brought their academic record back in line with the cumulative SAP policy.
    • Sitting out for a semester or extended period of time does not restore eligibility to a student who failed to make Satisfactory Academic Progress or had their appeal denied.
    • If hours were completed at another institution, the student must submit official transcripts to the Office of Enrollment Services for evaluation.
  • Appeals must include:
    • An appeal request form, which is available online.  Download the Appeal Form
    • A letter explaining the circumstances that affected the student’s academic performance, as well as an explanation as to what has changed that will allow the student to make satisfactory academic progress.
    • An Academic Plan, stating what specific steps the student will take to get back in line with the SAP policy.
  • Supporting documentation that can validate the student’s situation must be submitted with the appeal.
    • Documentation may include: medical records, police reports, court records, letter from your physician.
  • Submission of an appeal does not guarantee that financial aid eligibility will be restored.

Submit a Satisfactory Academic Progress Appeal (Log in using your ASU-Newport login) https://fbrenderer-336.campusnet.net/#/renderer/101 

APPEAL MEETING INFORMATION

  • Appeals will be reviewed prior to the start of each semester.
  • No new appeals will be reviewed once the semester begins.
  • Appeals received after the published deadline will not be reviewed.

Spring 2019 SAP Appeal Deadlines

Priority Deadline: December 17, 2018 by 4:30 pm (Meeting to review submitted appeals-TBD)

Final Deadline: January 11, 2019 by 4:30 pm (Meeting to review submitted appeals-TBD)

APPEAL DECISIONS

The Satisfactory Academic Progress Committee will notify the students of their appeal decision through their ASU-Newport email address.

  • Decision results will not be released until the committee has reviewed all appeals.
  • If the student’s ASU-Newport email address is not available an email will be sent to their personal email on file.
  • Results will not be given over the phone.

SCHOLARSHIP APPEALS

Please note that the above appeal process is for Financial Aid only. Students appealing the loss of a scholarship due to extenuating circumstances should contact the

Types of Financial Aid:Scholarships, Grants & Federal Work-Study

Scholarships

Scholarships are funds awarded to you based on a talent or skill, financial need, or your major area of study and do not have to be repaid.

Federal Scholarships: Websites

State Scholarships: Websites

Arkansas Department of Higher Education

Website: https://scholarships.adhe.edu/ 

National Scholarships: Website

National Farmworker Jobs Program (NFJP) 

http://www.arhdc.org/new/programs/nfjp/

Institutional Scholarships: Website

For a complete list of ASU-Newport Institutional Scholarships, click here.

Grants

Grants are funds given to you, which do not have to be repaid. Most are based on financial need. 

Federal Pell Grant

A Federal Pell Grant provides a “foundation” of financial aid for many students to which aid from other federal sources may be added.

Eligibility Recipients must be Undergraduate students who have not earned a bachelor's or professional degree. You may receive funds if you are enrolled less than half-time, but you will not receive as much as if you were full time. Your school must disburse your Pell Grant funds in accordance with your enrollment status and cannot refuse to award you simply because you are enrolled less than halftime.
Award The maximum award will be $5,730 per academic year. The amount awarded will depend not only on your Expected Family Contribution (EFC), but on the cost of education, enrollment status, and whether or not attendance is for a full academic year or less.
APPLY FOR FEDERAL PELL GRANT ONLINE 

Year-Round Financial Aid 

The Consolidated Appropriations Act of 2017 allows a student to receive Federal Pell Grant funds for up to 150 percent of the student’s Pell Grant Scheduled Award for an award year. This provision is effective beginning with the 2017-2018 financial aid award year.  For a complete description and scenarios for year-round financial aid, click here.

Summer Financial Aid Application Form: To apply for Summer Financial Aid, please fill out the SUMMER FINANCIAL AID APPLICATION.

Federal Supplemental Educational Occupational Grant (FSEOG)

This is a grant intended to supplement other aid received. These grants are federally funded with each school receiving a fixed amount each year. Therefore, funds are awarded to a limited number of undergraduate students with exceptional financial need.

Eligibility Undergraduate students with exceptional financial need.
Award FSEOG grants at Arkansas State University-Newport may range from $100 to $500 per academic year depending on the availability of funds.
APPLY FOR FSEOG ONLINE 

GO! Opportunities Grant

The Arkansas Higher Education Opportunities Grant (known as the GO! Opportunities Grant) is an annual award based on financial need and is intended to help low-income students complete their college degree. 

Eligibility Eligibility is based on the family's adjusted gross income as reported on the Free Application for Federal Student Aid (FAFSA). For a family with one member in the household, the maximum adjusted gross income is $25,000. For each additional household member the maximum income increases by $5000, up to a maximum of $75,000.

 

In addition to the income requirements, applicants must meet the following:

  • be a U.S. Citizen or Permanent Resident Alien
  • be an Arkansas resident for at least the 12 months prior to application for the grant
  • be enrolled in an approved institution of higher education as a full-time or part-time student, as defined by the Department of Higher Education
  • be enrolled in a program of study that leads to or is creditable towards a baccalaureate degree. These programs include baccalaureate degree program, associate degree programs, qualified certificate programs and nursing school diplomas
  • have completed the Free Application for Federal Student Aid (FAFSA)
  • certify that they are drug-free and must pledge in writing on the application form to refrain from the use of illegal substances. This pledge includes alcohol for applicants less than twenty-one years of age.

The grant shall be awarded for one academic year. If sufficient funds are available, the grant may be renewed annually. The grant will be renewed only if the recipient: 

  • maintains a 2.0 cumulative grade point average on a 4.0 scale
  • maintains satisfactory academic progress, as defined by the school and ADHE
  • demonstrates continuing financial need, as determined by the FAFSA. For each year that a grantee is awarded Go! Grant funds, he/she must file a FAFSA.
Award
  • $1,000 for full-time students (12 semester credit hours for the first fall semester and 15 semester credit hours thereafter)
  • $500 for part-time students (less than full time but at least 6 semester credit hours)
  • No student shall receive more than $4,000 in GO! Grant funds in his/her lifetime.
Application Due
  • June 1 for applicants enrolling in the fall term
  • November 1 for applicants enrolling in the spring term
APPLY For more information, contact the ADHE Financial Aid division at 1-800-547-8839 or (501) 371-2050.

Employment

Arkansas State University-Newport offers Federal Work Study programs to help students pay for tuition and fees. 

What is Federal Work Study (FWS)?
This program provides jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay for college expenses.

How much can I earn on FWS?
Earnings will be at least the current federal minimum wage. The total amount that you earn will depend on the number of hours that you work each week. Most students work between 10 and 20 hours per week, and are paid every two weeks. You will be notified by the Financial Aid Office concerning your FWS assignments.

How is it determined where I will be assigned to FWS?
The college work-study job openings will be sent to the ASU-Newport community via email.  Students will be required to attend a student employee orientation session before they may interview for work-study jobs. To interview, you must have your copy of your award letter with you. You must also bring your copy of the award letter to the employment orientation session.

What are my responsibilities as an FWS worker?
As a student worker, it is your responsibility to be willing to work and perform your assigned duties to the best of your ability. You must be dependable, prompt and reliable in attendance and work the required period of time. If you must be absent from work, your supervisor should be notified prior to your scheduled work time. You should not expect to be allowed to study while at work.

How do I apply for a FWS position? 

To apply, visit our Job Opportunities page. Click on the application that corresponds with the campus want to be employed.  

Federal Work Study Positions Available:  Fall 2018 

(Updated 10.4.18)

Position Department  Campus Number of Positions Available Availability 
Library Assistant Library Jonesboro  1 Filled
Library Assitant Library Marked Tree 1 Open
Library Assistant  Library Newport 1 Filled
Marketing Assitant Marketing and Communications Jonesboro 1 Open
Science Lab Assistant Science Department Jonesboro 1 Filled
Science Lab Assistant Science Department  Marked Tree 1 Filled
Science Lab Assistant Science Department Newport 1 Open
Economic and Workforce Development Assistant Economic and Workforce Development  Jonesboro 1 Filled
Wellness Assistant Health and Wellness Newport 2 Filled
Academic Coordinator Assistant  Academic Affairs Newport 1 Open
Enrollment Services/ Financial Aid  Student Affairs  Newport 1 Filled
Enrollment Service/ Financial Aid  Student Affairs Marked Tree  1 Open
Enrollment Services/Financial Aid Student Affairs Jonesboro  1 Filled

 

Types of Financial Aid: Loans

Loans

Loans are borrowed funds that must be repaid, usually with interest, after you cease attending school at least half-time. 
 

ASUN Student Loan Code of Conduct

The purpose of the federal student loan program is to provide the best possible loan terms for students and parents who borrow to help finance higher education. ASU-Newport students and families receive trustworthy, reliable guidance from our institution about financial aid. The following guidelines are a framework to provide the best possible loan servicing for the students served by ASU-Newport and to avoid conflicts or the appearance of conflicts of interest.

  1. ASU-Newport is prohibited from receiving anything of value from any lending institution in exchange for any advantage sought by the lending institution. This prohibits any inappropriate financial arrangements between lenders and the university and specifically prohibits “revenue sharing” arrangements. Lenders cannot pay to be cited on the university’s lender list.
  2. ASUN employees are prohibited from accepting anything of more than nominal value from any lending institution. This includes a prohibition for financial aid officers and other university officials from trips, catered meals, golf outings, etc. paid for by lenders.
  3. Financial Aid personnel do not participate on lender advisory boards but may certainly discuss student loan services and products for ASUN students and parents with lenders.
  4. For assistance with choosing a lender, ASU-Newport provides a list of lenders that ASU-Newport students have used during the past two years. This list is prominently displayed on the institutional website.
  5. The university must ensure that employees of lenders never identify themselves to students as employees of the university. No employee of a lender may ever work in or provide staffing assistance to the university’s financial aid office.
  6. ASU-Newport employees with responsibilities with respect to education loans are informed annually of the provisions of the code of conduct.

Direct Student Loan

ASU-Newport does not automatically award student loans to students. Students who want a student loan must complete a Student Loan Request Form (See link below).. 

Eligibility
  • Be seeking a degree or technical certificate at ASU-Newport.
  • Be enrolled in at least six hours.
  • Before a direct student loan can be disbursed, ALL students must complete student loan entrance counseling. First-time student loan borrowers must also complete a Master Promissory Note (MPN). To complete both, go to studentloans.gov. Once you have signed in, be sure to click on “Direct Loan Entrance Counseling”.
  • Previous borrowers only - If you previously received student loans, you must submit a statement from National Student Loan Data System (NSLDS) showing your loan balance. Go to nslds.ed.gov and click Financial Aid Review. 
Award Amount varies according to need.

Click here to fill out the 2018-2019 Direct Loan Direct Loan Request Form 

NOTE: To complete the Direct Loan Request Form, you will need your username and password to mycampus.asun.edu. If you have forgotten your password, please click here. Once you complete and submit the electronic loan request, a copy will be sent electronically to the ASU-Newport Financial Aid Office. 

 

PLUS Loan

PLUS loans are federal loans that graduate or professional degree students and parents of dependent undergraduate students can use to help pay education expenses. 
Download the Plus Loan Request Form

Financial Aid: Glossary, Net Price Calculator, & Student Rights

Glossary

To understand the terms on this page, visit the Financial Aid Glossary here.

Net Price Calculator

The Net Price Calculator is intended to provide estimated net price information (defined as estimated cost of attendance — including tuition and required fees, books and supplies, room and board (meals), and other related expenses.

To visit the ASU-Newport Netprice Calculator, click here. 

Student Rights

Equal Determination of Awards

Student financial aid at ASU-Newport is awarded on the basis of a uniform method of determining need and in accordance with federal rules, regulations, and laws governing the financial aid programs. Each student is given equal and individual treatment in determining eligibility. You are encouraged to contact the Financial Aid Office that is processing your financial aid with any questions about eligibility determination.

Reconsideration Form

The ASU-Newport Financial Aid Office welcomes the opportunity to review your request for reconsideration. This application may be completed if your family’s financial situation has significantly changed from the previous calendar year. Attach supporting documentation with dollar amounts and clear explanations. Incomplete information will hinder the processing of your request. Families with an Expected Family Contribution (EFC) of $0 will not be reviewed for extenuating circumstances. Decisions for appeals are handled on a case‐by‐case basis. When applicable, an adjustment(s) will be made to your FAFSA to possibly increase eligibility.

Reconsideration Form

Student Responsibilities

Tuition and Fees

Upon registration, students are responsible for all tuition and fees.

Cancellation of Aid

Your student aid will be canceled and future applications refused consideration if you do any of the following:

1. knowingly provide false data;
2. fail to return the signed Award Letter;
3. fail to fulfill the satisfactory academic progress requirement;

Change of Address

You must notify the ASU-Newport Financial Aid Office if your address changes while you are attending ASU-Newport. Also, if you are a loan recipient, it is your responsibility to notify ASU-Newport Financial Aid and the lender of any address change while you are repaying the loan, even if you are no longer attending ASU-Newport.

Loan Repayment

It is your responsibility to repay all loans received for attendance at ASU- Newport. You should carefully read all promissory notes before signing them.

Management of Funds

Student financial aid is normally awarded for an academic year, and you will receive your funds for each semester at the beginning of that semester. (Note: Student Loans will be disbursed in two payments.) You will need to manage your financial aid funds carefully so they will last the entire semester.

Overaward

If you receive more financial aid than is needed to cover your educational costs, this is called an overaward. Failure to tell the Financial Aid Office about outside financial resources or help may result in your receiving an overaward. If you receive an overaward, you will be responsible for repaying part or all of the financial aid received from the university. Be sure you include all of your financial resources on your Data / Title IV Authorization form and notify the Financial Aid Office of new financial resources after the award has been made so you can avoid an over award. 

Student Aid Program Requirements

Each financial aid program has specific conditions, and it is your responsibility to carefully study and learn these conditions. Specific conditions for eligibility and receipt of funds from each program are in this guide and in your award letter.

Withdrawal from the University

You must complete an official withdrawal in writing if you voluntarily withdraw from the university. Official withdrawal forms are available in the Admissions Office. ASUN has an institutional refund policy listed in the 2018-2019 catalog.

There are additional requirements for federal funds and extended dates in which a student may be responsible for repaying federal funds. A student receiving federal funds who withdraws during the institutional refund period will have any refund applied to a federal account.

A student may be responsible for repaying federal and/or institutional funds due to withdrawing from the institution or due to receiving all “F’s” for not attending class. Federal fund recipients whose transcripts reflect all F’s for a semester will have repayment calculated at 50% (unless proof of attendance after the 50% date is received). Failure to officially withdraw from a course or the university will cause a failing grade of “F” to appear on your transcript for the course or courses not dropped. Withdrawal from the university may result in suspension of financial aid under ASU-Newport’s Satisfactory Progress requirements. Unsatisfactory attendance may result in an adjustment or loss of financial aid as well. 

Financial Aid: ASU-Newport Tuition & Fees

To view the ASU-Newport's current tuition and fee schedule, please click here

Financial Aid: Resources for Success

Financial Literacy

The following information is provided by NelNet.

Nelnet is committed to providing the resources you need to help your students develop healthy financial habits during and after college. We have printed resources—from repayment charts to budgeting worksheets—to make sure the information you and your students need is available when you need it.

The FSA Resources provides publications, fact sheets, online tools, and tips on getting ready for college, as well as other resources of financial aid to help your students pay for college.

If you have an idea for additional materials that would help you in your financial literacy efforts, please don’t hesitate to contact us.

Resources for Students

StudentAid.gov—Comprehensive, detailed information on federal student aid from preparing financially for college through loan repayment.

StudentAid.gov/resources—See fact sheets, publications, videos, and infographics on various financial aid topics.

College Navigator—Interactive website that helps students explore and compare features of different schools including programs and majors, admissions considerations, campus crime statistics, and more.

College Scorecard—Provides essential information about a particular school’s costs, graduation rates, and the average amount students borrow, all in a standardized easy to read format.

Net Price Calculator—Tool that helps students find the net price calculator for a particular school. Students can input personalized information into a school’s net price calculator in order to determine how much a school’s program may cost after subtracting any financial aid the student is likely to receive.

Financial Awareness Counseling Tool (FACT)—Interactive resource that helps students understand their student loan obligations and provides money management tips and tools.

Federal Student Aid Information Center (FSAIC)—Resource for questions about federal student aid and completing the FAFSA.

E-mail: 
Toll-free number: 1-800-4-FED-AID (1-800-433-3243)
TTY (for the hearing impaired): 1-800-730-8913
Phone number: 319-337-5665

Social Media

Counselors and mentors can learn how to leverage Federal Student Aid’s social media content at http://financialaidtoolkit.ed.gov/tk/outreach/social-media.jsp.

Other Federal Resources

FDIC Money Smart—Comprehensive financial education curriculum designed to help low- and moderate-income individuals enhance their financial skills and create positive banking relationships.

MyMoney.gov—U.S Treasury Department provides financial capability information for youth, lesson plans for teachers, and research reports about money, saving, and planning for the future.

Consumer Financial Protection Bureau (CFPB)—Provides help for making informed financial decisions about paying for college, such as how to compare financial aid offers, choosing a loan, managing money, and repaying debt.

Financial Aid: Meet the Staff

The ASU-Newport Financial Aid Staff is dedicated to serving students. 

Name Position Area of Expertise  Email  Campus
Deana Tims Interim Director of Financial Aid   Newport
Sue Henderson

Financial Aid Analyst

 

Student Last Name:  Newport
Pam Smith

Financial Aid Specialist

 

Student Last Name: Scholarships Newport
Jeremy Elkins Financial Aid Specialist Student Last Name:  Jonesboro/Marked Tree
Terry Larsen

Financial Aid Assistant

 

Applying for Financial Aid & General Questions Newport
Mary Thatcher Part-Time Financial Aid Staff Applying for Financial Aid & General Questions Newport

Hours of Operation

Fall/Spring: Monday-Friday 8:00-4:40

Summer: Monday-Thursday 7:00-5:30

Questions: Email

Financial Aid: Frequently Asked Questions