Frequently Asked Questions
- How do I contact the Financial Aid Office?
The Arkansas Tech Financial Aid Office is located on the second floor of Brown Hall, Suite 206.
Our mailing address:
Brown Hall, Suite 206
105 West O Street
Russellville, AR 72801
- What are the office hours for the Financial Aid Office?We are open from 8 am - 5 pm Monday through Friday.
- What is Arkansas Tech's Title IV School Code?
Our Title IV school code is 001089. If you want your Free Application for Federal Student Aid (FAFSA) sent to us, you need to put this number on the FAFSA.
- How do I create an FSA ID? (Video)
- Does my parent need an FSA ID?Yes, if you are a dependent student, both you and one of your parents need separate FSA IDs, using different e-mail addresses. Your parent just needs one FSA ID and can use it for their other dependent children, or even to submit and sign their own FAFSA.
- How do I apply for financial aid? (Video)
- How do I apply for financial aid?
- How do I know if I am Dependent or Independent?
- What if I am chosen for verification?Verification means we have to double check the information you reported on your FAFSA. Simply turn in the requested forms and documents as soon as possible to our office.
- Do I have to prove I did not file an income tax return?Yes, starting with the 2017-2018 financial aid year, we are required to officially document if you or your parent(s) did not file an income tax return and you are chosen for verification. You can request this documentation with the IRS form 4506-T. Instructions are included on this form.
- Do I have to actually attend or participate in my classes?YES! To receive any offered aid, you must begin and remain in attendance through the 100% tuition refund period for each class. If you do not attend, ALL of your financial aid will be returned, possibly leaving a balance due on your account.
- What if I need to drop a class or completely withdraw from the term?It is imperative you check with our office if you plan on dropping any or all of your classes. Your aid may be dependent on the number of hours you attempt or complete. Talk to us before you make any schedule changes.
- What if I receive grade(s) of all F's for the term?If your final grades consist of all “F’s,” you will receive a letter detailing the amount, if any, of the aid you will have to repay for the term. The amount owed is calculated using your last documented date of attendance for the term.
- Will my financial aid pay for a repeated course?Financial aid will pay for only one repeat of a class in which you have already received a passing grade, this includes classes from which you withdrew after receiving a passing grade.
- Will my financial aid pay for an undergraduate class if I am seeking a graduate degree,
or vice versa?No, federal aid will only pay undergraduates for undergrad classes and graduates for grad classes, not for combined enrollment.
- What is the Satisfactory Academic Progress (SAP) I must attain in order to keep receiving
financial aid?Our SAP policy is located here: Satisfactory Academic Policy
- When will I get my refund?Refund dates and other important dates are posted on the Student Accounts web site at http://www.atu.edu/stuaccts/importantdates.php.
- How do I apply for a student loan?If you are eligible, once you complete the FAFSA and all subsequent paperwork, a loan will automatically be offered to you. You will be notified through your ATU e-mail address once your student aid offer is available to view. You will then be able to accept or decline your aid by using OneTech.
- How does my parent apply for a Parent PLUS loan?
Steps for completing a Summer Parent PLUS loan application:
**Student must have a completed FAFSA on file to be eligible for a PLUS loan.
Go to https://studentloans.gov and a parent will log in using his/her FSA ID.
Click on ‘Apply for a PLUS loan.’
Under the heading ‘Direct PLUS Loan Request for Parent Borrowers’ click the box that says ‘Complete PLUS Request for Parents' and then follow the on-screen instructions to complete the loan application.
Shortly after the application is submitted, Arkansas Tech University will receive the PLUS request and send the student an updated award notification letter.
If the PLUS loan is approved and the parent is a new borrower, a PLUS Master Promissory Note (MPN) will also need to be completed by the parent on the studentloans.gov website. If the parent has borrowed a PLUS loan prior to this application, a new MPN is not required.
If the PLUS loan is denied, we will be notified of the denial and will offer the student additional Federal Direct Unsubsidized loans if eligibility remains.
- How many hours are required for loan eligibility?Undergraduate students must be enrolled in at least 6 hours of undergraduate classes and graduate students must be enrolled in at least 5 graduate hours to receive loans. All students must begin and remain in attendance through the 100% tuition refund period for each class to receive this loan. You may not receive a disbursement on an approved student loan until at least six of the hours in which you have enrolled have actually begun. For example, if you enroll in six hours for fall but three of those hours do not begin until mid-term, you would not receive your student loans until mid-term. Note: Financial aid will pay for only one repeat of a class in which you have already received a passing grade, this includes classes from which you withdrew after receiving a passing grade- this may cause your enrollment to be below the requirement for loans. Therefore, you will not receive loan funds. Check with our office if you have a question about your schedule.
- What is the difference between subsidized and unsubsidized Federal Direct Loans?
The main differences between the two loans are 1) subsidized loan eligibility is based on financial need, whereas an unsubsidized loan is not, and 2) the government pays the interest for the student on subsidized loans while the student is enrolled in school at least half-time.
Repayment is deferred for BOTH loans until six months after the student graduates or stops attending school at least half-time.
- Am I required to complete entrance counseling and a Master Promissory Note (MPN)?All first-time loan borrowers must complete both the entrance counseling and MPN. Go to http://studentloans.gov and sign in to complete the requirements. Notifications will be sent electronically to the school within 24 hrs. You will only have to complete these once during your time at ATU.
- Will I have to wait for my loan funds to disburse to my account?All Freshman first-time borrowers have a 30 day delay (from the 1st day of class) on the initial loan disbursement. Also, if the loan is for one semester you will receive half of the loan at the beginning of the semester and the remaining half at the mid-point of the semester.
- Will I have loan money to pay for summer classes?Generally, all loan eligibility is awarded during the Fall and Spring semesters. In order to use loan funds to pay for summer classes, you will need to reserve money from Fall or Spring to pay for summer charges. If you do not accept all of your eligibility for the Fall and Spring semesters, you may have funding available. Please contact our office for student specific information.
- How much will my monthly loan payment be when I have to begin making payments?Use the Repayment Estimator to get an early look at which repayment plans you may be eligible for and see estimates for how much you would pay monthly and overall.
- Is there a lifetime limit on the amount of loans I can borrow?
Yes, there are limits established for the federal loan program.
Dependent (per the FAFSA) undergraduate students may borrow a maximum of $31,000. Only $23,000 of this may be subsidized.
Independent (per the FAFSA) undergraduate students may borrow a maximum of $57,500. Only $23,000 of this may be subsidized.
Graduate students may borrow a maximum of $138,500 (this INCLUDES loans received as an undergraduate student). All graduate level loans are unsubsidized.
- How much is my scholarship?Refer to your original scholarship award notice or go tohttp://www.atu.edu//scholarships/ to determine the maximum award for Tech scholarships.
- What is the last day to update my schedule for the hours to qualify for my scholarship's
minimum enrollment?For either the Tech scholarships or the Arkansas Department of Higher Education (ADHE) awards, your enrollment is reported as of the 11th class day of each term. This date varies with each term, so be sure to check with the Financial Aid Office to determine what this date is before you change your schedule. Any additions after the 11th class day to meet the minimum required enrollment will not be considered.
- Why has my scholarship not credited to my account?
Ask yourself the following questions. Have you:
- Been officially admitted to Tech?
- Registered for the correct number of hours? (15 hours for all Tech academic scholarships)
- Filled out your FAFSA at www.fafsa.ed.gov?
- Signed up for on-campus housing, if required, or obtained an exemption from Residence Life?
- Turned in all required documents to Financial Aid prior to the deadline (August 1 for Continuing Scholarships and December 1 for Freshmen Scholarships)?
- Why did my scholarship credit for the fall term, but not the spring term?
Ask yourself the following questions. Did you:
- Meet the renewal requirements for the scholarship? Refer to your original scholarship award letter, the Admissions web site at http://www.atu.edu/admissions/scholarships-renewal.php, or the Undergraduate Catalog for your award year at http://www.atu.edu/catalog/ for Tech scholarships.
- COMPLETE your FAFSA and all required paperwork prior to the deadline (August 1 for Continuing Scholarships and December 1 for Freshmen Scholarships)?
- Register for the correct number of hours? (15 hours for all Tech academic scholarships)
- How do I keep my scholarship?
Refer to your original scholarship award letter, the Admissions web site at http://www.atu.edu/admissions/scholarships-renewal.php, or the Undergraduate Catalog for your award year at http://www.atu.edu/catalog/ for specific details on your Tech scholarship award. In general, students are expected to:
- As an incoming freshman, you must enroll in a minimum of 15 hours and complete 12 hours during your first semester. Your second semester, you must enroll in and complete a minimum of 15 hours. However, a total of 30 earned hours is required for the fall and spring semesters of your first year. Transfer hours or AP, IB, or CLEP credits do not count toward renewal. For each semester thereafter, you must enroll in and complete 15 hours.
- Earn the required minimum GPA. For scholarship recipients starting fall 2010, you must retain a 3.0 semester GPA during your first and second semester. A 3.25 semester GPA is required each semester thereafter. Scholarship recipients prior to fall 2010 need to refer to their award letter for GPA requirements.
- Honor the Arkansas Tech University Code of Conduct.
- Can I appeal a lost Tech academic scholarship?Under extreme circumstances, such as severe illness or a death in the immediate family, scholarship appeals are considered. Please send a detailed letter including supporting documentation, if appropriate, to the attention of Alisa Waniewski, Coordinator of Recruitment and Academic Scholarships, Office of Admissions, Brown Hall, Suite 104, 105 West O Street, Russellville, AR 72801. Decision notification from the scholarship appeals committee will be sent to your mailing address as recorded in our student information system.
- How many hours per week may I work on Work-Study?