North Arkansas College maintains a comprehensive program of financial aid for students. Northark has been approved by both state and federal agencies to participate in a variety of financial aid programs. Financial assistance consists of scholarships, grants, loans, and/or part-time employment, which may be offered to students in various combinations, depending upon need and requests. The family and student are expected to make maximum effort to contribute toward the student educational expenses. To be eligible for financial aid, a student must be accepted for admission and meet all eligibility requirements. All financial aid and scholarship checks are disbursed in the Student Accounts Office. A schedule of disbursement dates can be found in the schedule information on the Northark website. The Financial Aid Office, in accordance with the College’s equal education opportunity policy, administers all awards. Application forms and specific details may be obtained from the Financial Aid Office.
Applicants must use the Free Application for Federal Student Aid (FAFSA) and list the North Arkansas College school code (012261) as a school to receive the information. There is no fee for the application process and the forms are available in the Financial Aid Office beginning in October. Students must reapply for financial aid each year, as aid is not automatically renewed. Applicants may complete the FAFSA on the WEB at www.fafsa.ed.gov.
In addition to completing the FAFSA, an applicant must complete the Student Data Form, an Application for Admission, and any FAFSA supporting documentation, if required. If the applicant has ever attended another post-secondary institution(s), an official transcript must be sent to the Registrar’s Office. Once all of the requested information is received, processing will begin by the Financial Aid Office. The student will then receive an award notification letter and a copy of the policy on satisfactory academic progress.
All applications should be filed as soon after October 1 as possible to ensure receipt by the priority date of August 1st. Applications for grant aid (other than Federal Pell Grant) received after the priority date will be considered only if money is available from the respective program.
Note: Maximum loans during an academic year are $3,500 for freshmen and $4,500 for sophomores. Independent students have the option of borrowing up to an additional $6,000 in an unsubsidized loan per academic year. Dependent students have the option of borrowing up to an additional $2,000 in an unsubsidized loan per academic year.
Students interested in applying for loans during the summer session(s), MUST contact the Financial Aid Office. However, students who borrowed the maximum amounts during the previous fall/spring semesters will not have any eligibility during the summer.
For more, contact the Financial Aid Office, located on the South Campus, 870-391-3266.