Paying for College

Federal Pell Grants are awarded to students who have financial need. You apply being submitting a free FAFSA application. North Arkansas College’s OPE six-digit Federal School Code or Title IV School Code is 012261.

The FAFSA should be completed as soon after October 1st as possible. Priority deadlines to guarantee federal aid eligibility is processed by the payment deadlines are as follows:

• Fall Semester Priority Deadline - August 1st
• Spring Semester Priority Deadline - December 1st
• Summer Semester(s) Priority Deadline - May 1st

bg真人游戏注册 has more than 100 institutional and foundation scholarships available and awards nearly $500,000 each year.

The Arkansas Division of Higher Education has a great scholarship application management system.

Career Pathways is a program designed to help students overcome barriers by offering tuition assistance, child care, and transportation among many other things. To be eligible, you must be a parent of a child under 21 and meet the income guidelines at or below 250 percent of the federal poverty limit.

Grants are funds that DO NOT have to be repaid.

• Federal Pell Grant — The grant is awarded to undergraduate students with aid eligibility. Application is made by completing the Free Application for Federal Student Aid (FAFSA).
  
• Federal Supplemental Education Opportunity Grant (FSEOG) — The grant is intended to assist students with aid eligibility. Priority is given to those students with the largest calculated aid eligibility who are Federal Pell Grant recipients as of April 1. After that date, applicants are prioritized weekly until all FSELG funds have been awarded. Application is made by completing the FAFSA.

Loans are funds that MUST be repaid.

• William D. Ford Federal Direct Loan Program — Loans made through this program are referred to as Direct Loans. Eligible students borrow directly from the U.S. Department of Education at participating schools. Direct Loans include subsidized and unsubsidized Direct Stafford Loans.
  
• Direct Subsidized Loan — The loan is based on financial need and you will not owe any interest on them before repayment. The federal government “subsidizes” (or pays) the interest while you’re in school at least half time, for the six months after you leave school (your grace period) and during a deferment (a postponement of loan payments). Award amounts vary based on grade level in school, dependency status and other financial assistance received.
  
• Direct Unsubsidized Loan — The loan is not based on financial need and interest is charged on the loan from the time it is disbursed until it is repaid in full. Students have the option of paying the interest during deferment periods and during the grace period, or they may capitalize the interest. Capitalizing interest means that it will be added to the principal amount of the loan and it will increase the amount to be repaid. Award amounts vary based on grade level in school and dependency status.
  
• Failure to repay a student loan will result in the student being in default status. Consequences of defaulting can include a negative impact on a student's credit score, additional fees, garnished wages and/or tax returns, and being ineligible for additional federal aid.
  
• bg真人游戏注册's 2017 Three-Year Official default rate is 14.6%. This rate can be compared with other schools here.
  
• During the 2018/2019 Academic Year 10% of bg真人游戏注册’s students borrowed Federal Direct Student Loans.
  

The North Arkansas College Federal Work Study Program encourages part-time employment at the college or a non-profit organization for students who need the income to help subsidize the cost of education. To be eligible to participate in the Federal Work Study program, you must have a valid FAFSA and a completed financial aid file in the financial aid office. You must be in good standing academically and have financial need. For specific questions about your eligibility, please contact the financial aid office at 870-391-3266. If you would like to apply for a Work Study position, please complete an application in the financial aid office on the South Campus.

North Arkansas College is approved by the Arkansas State Approving Agency to provide education and training to Service Members of the United States of America Armed Forces and Veterans that have earned an education benefit.