Award Information

Notifications of aid offered for attending ASUMH are made via email to your ASUMH school email account.  Initial awards assume the student will be enrolled full-time (12 or more credit hours per semester) for the entire school year. 

Student that are determined to be ineligible for aid because they are not be mantaining the ASUMH Satisfactory Academic Progress policy must appeal to receive future aid, even if the aid was offered prior to the determination of ineligibility.

Federal Grants are awarded based upon need as determined by filing the Free Application for Federal Student Aid (FAFSA). Federal Pell Grants and Federal Supplemental Educational Opportunity (SEOG) Grants do not have to be repaid as long as you complete the hours you are enrolled in to receive these funds. 

Loan offers require additional actions to be taken by the student.

Direct Subsidized and/or Unsubsidized Loan 

• Loan Offers must be Accepted, Declined, or Modified (a.k.a. reduced and accepted) online through the Banner Student portal at https://asumh.edu/banner under the Award Offer tab.
  

• A Master Promissory Note (https://studentaid.gov/mpn/) and Entrance Counseling (https://studentaid.gov/entrance-counseling/) must be completed online at https://studentaid.gov/  under the Loans and Grants tab before receiving a Subsidized or Unsubsidized Loan.

• If you have previously received funds from a Federal Direct Stafford Loan, completing the Master Promissory Note and Entrance Counseling are not necessary unless your previous loan was in default or the Master Promissory Note is over 10 years old.

• For more information on the Federal Student loan program go to https://studentaid.gov/understand-aid/types/loans.

Direct Subsidized and Unsubsidized Loans are considered a debt which must be repaid and are not excused in bankruptcy.

WORK STUDY

Work Study is only awarded if a student qualifies for work study and has been offered a job. Prior to each semester the ASUMH student body is emailed asking for students interested in doing work study to complete an application process. The list of student applicants is provided to the campus departments that have positions available. The departments conduct interviews, make their selection and instructs the student to visit to the Human Resources Office to complete paperwork followed by a final visit to the ASUMH Office of Scholarships and Financial Aid.

Veterans Education Benefits can be impacted by assistance from other sources that is specifically designated to pay for the same tuition and/or fees. Contact the Veteran’s Administration Benefits Representative in the Career Pathways Office at Arkansas State University – Mountain Home for further assistance.

Private Scholarships - Private funding from outside entities that are not individually listed on an award letter can be listed as Miscellaneous Private Scholarship. This could be comprised of one or more scholarships that have been reported to the Office of Scholarships and Financial Aid.

OTHER AWARD INFORMATION

Enrollment Requirements - Initial Federal Financial Aid awards are based on the assumption you will be enrolled full-time which is 12 credit hours or more per semester. Less than full-time enrollment reduces your eligibility for the aid awarded.

• The amount of Federal Pell Grant funds you are eligible to receive is based upon your actual hours that are part of your selected Major..

• Federal Stafford Loans require at least half-time enrollment which is at least 6 credit hours that are part of your selected Major.

• Federal Work Study requires at least three-quarter time enrollment which is at least 9 credit hours.

• Other types of aid may also be reduced or eliminated depending upon their individual awards enrollment requirements. Go to https://sams.adhe.edu/Scholarship for enrollment requirements on programs offered by the state of Arkansas, such as the Arkansas Academic Challenge.

Any time your plans for enrollment change, for any reason, you are responsible for informing the Arkansas State University-Mountain Home Office of Scholarships and Financial Aid in writing.

Priority Consideration Deadline - The priority consideration deadline is June 1st before the beginning of the fall semester. Receipt of ALL required paperwork by the Office of Scholarships and Financial Aid at Arkansas State University - Mountain Home before the priority consideration deadline is the best way to ensure the availability of an award in time to meet the expenses related to attending college.

Tuition and Availability of Refunds - The earliest availability of refunds of any federal financial aid, over and above all costs charged by the Office of the Cashier and agreed to by the student, is approximately 4 to 6 weeks after the first day of classes.  All students are strongly encouraged to complete Direct Deposit on the Student Self Service - click here under the Cashier section for fast and convenient access to any available refunds.  The Office of Scholarships and Financial Aid at Arkansas State University-Mountain Home is not responsible for meeting student deadlines for payment that are imposed by the Cashier or any other entity.

 The ability to review and pay your bill are both available in the Student Self Service - click here portal in the Cashier Section

Attendance and Withdrawing (Officially or Unofficially*) - Withdrawing, officially or unofficially*, from courses at Arkansas State University-Mountain Home can result in a requirement for the student to repay all or a portion of Federal financial aid received for attending that semester.

• Withdrawing from all courses during a semester, officially or unofficially*, can result in repayment of all or a portion of any:

• Federal Financial Aid received for the withdrawn semester.

• Veterans Educational Benefits received for the withdrawn semester.

• Withdrawing from one or many courses can affect eligibility for:

• Federal Financial Aid in the future based upon the ASUMH Satisfactory Academic Progress policy.

• Aid from sources other than Federal Financial Aid in the future based upon their individual continuing eligibility criteria.

• Students withdrawing from any or all courses will be contacted by mail if a determination is made that any repayment of any aid to Arkansas State University – Mountain Home is required.

• It is the responsibility of the student to know and understand individual continuing eligibility criteria for all types of assistance received.

• Withdrawing from any or all courses at Arkansas State University – Mountain Home, officially or unofficially*, affects your eligibility for any aid not disbursed prior to the date of withdrawal.

• Individual consequences vary from person to person.

• Counselors are available in the Arkansas State University – Mountain Home Office of Financial Aid for discussion of individual consequences.

• Loan borrowers withdrawing from all courses or dropping to less than six credit hours at Arkansas State University – Mountain Home, officially or unofficially*, during a semester must complete Exit Counseling online at studentaid.gov.

• * Unofficial withdrawal is when a student stops participating in a course without official notification to the Admissions office.

Summer - The amount of aid available for enrollment in summer courses can be limited based upon the amount of aid received during during the immediately preceedning award year so you may want to consider borrowing less during the fall and spring semesters so you will have money available to attend summer courses.