In order to receive financial aid, you must:
• Be a U.S. citizen or eligible non-citizen
• Have a valid Social Security Number
• Be registered with the Selective Service, if required
• Be enrolled at least half time in a degree program
• Not be in default of any federal funds
• Make satisfactory academic progress
Step 1. The Free Application for Federal Student Aid (FAFSA)
For the each academic year, the FAFSA can be filed on-line at www.fafsa.ed.gov, or via paper copy from the ASU Financial Aid and Scholarships office or from your Guidance Office.
Priority filing deadline is February 15th
Online applications can be signed electronically through the use of a PIN given by the federal processor, or by printing the final signature page and mailing it to the processor. Those who have not received, or wish to recover a lost PIN can do so by visiting www.pin.ed.gov.
Step 2. ASU Data Form
All students who wish to receive federal student aid must fill out an ASU data form and return it to the Financial Aid & Scholarships office at ASU. Data forms are available in Financial Aid and Scholarships Office, online through http://finaid.astate.edu, and are mailed upon receiving FAFSA results.
The verification process affects 1/3 of all federal aid applicants and is based upon random selection. Those who are selected for verification must provide signed copies of student tax records, parent tax records (if applicable), accompanied by an ASU verification form. Verification forms are available on line at www.astate.edu or from the ASU Financial Aid & Scholarships Office and are mailed upon being selected for verification.
Step 3. Award Letter
Upon completion of the necessary paperwork, an award letter will be constructed and sent to the
student. The purpose of the award letter is to outline the types of aid individual students are eligible for and to allow for acceptance or denial of each aid type. Award letters, unless marked “No Signature Required”, must be signed and returned to the Financial Aid & Scholarships Office in order to receive federal aid.
First Time Borrowers
First time borrowers must sign a master promissory note (MPN). Directions for the MPN will be sent to the student following the return of their award letter. Funds will not be disbursed without a signed MPN. Loan funds for first time borrowers, in their first enrollment period, are delayed for 30-days from their first class date.
Disbursement of Funds
All funds awarded by Financial Aid & Scholarships are placed directly into the students account. Student accounts can be monitored at www.astate.edu through the Web for Students link. Payment information, as well as access aid balance can be viewed from this secure site. If excess aid is awarded, the amount of excess aid will be available through direct deposit or in the form of a check mailed to the students billing address.
For further information please contact:
Financial Aid/ Scholarships Office:
P.O. Box 1620
State University, AR 72467-1620
(870) 972-2310 Website: http://finaid.astate.edu