Office of Financial Aid

The primary purpose of Student Financial Aid at Arkansas Tech University-Ozark Campus is to provide assistance to students who, without aid, would be unable to attend college. All awards are administered by the Financial Aid Office in accordance with state and federal regulations and the Arkansas Tech University's equal educational opportunity policy.

Application forms for all types of federal aid may be obtained from the Office of Financial Aid or online at www.fafsa.gov.

We are located in Student Services Conference Center, and our hours are 8 a.m. to 5 p.m. Monday through Friday.

ozark_student_servicesANNOUNCEMENTS

(Dec.) New Changes to Student Loans. Student loans will no longer be held for summer. All loans for the year will be offered up front. This means that it is the student’s responsibility to make sure they have money set aside for summer classes. In addition, all subsidized loans must be received before a student can receive an unsubsidized loan. As always, students can choose to accept none or only part of their loan money in order to ensure summer money.

(Nov.) Changes in Financial Aid Policy and Withdraws.  A semester of all F’s no longer counts as a complete withdraw. During each undergraduate career, a student receiving aid may completely withdraw ONE SEMESTER ONLY and return the next semester to receive all entitled financial aid. Upon withdrawing any additional semesters while on financial aid, the student will not receive aid for their next period of enrollment.

(Oct.) Direct subsidized and unsubsidized loans 3.86%. This will apply to all loans between July 1, 2013, and July 1, 2014. 

(Sept.) Financial Aid Policy on Repeat Classes: Beginning this fall, classes with a grade of “W” will no longer be counted in the repeat classes calculation. (For example, if a student earns a “D” and retakes the class, and then makes a “D” again, the third attempt will not be eligible for aid. If, however, they drop the class and have a “W” posted, the third attempt will be eligible for aid.)

(Aug.) Interest rates for student loans: Beginning July 1, 2013, interest rates on subsidized loans will double to 6.8 percent. This will apply to new loans. (If the rate changes again, students will be notified.)

(July) Financial Aid and Attendance: Students must attend your classes prior to the 11th class in order to receive financial aid for that class. For online classes, you must log in and submit an assignment prior to the 11th class day in order to be considered "attending." If a student does not attend class, then their aid for that class will be removed from their account because they did not earn that aid. (Note: The 11th class day marker is earlier than the actual 11th class day in the summer due to the fast paced summer schedule.)

(June) New Changes in student loan regulations
: Beginning July 1, 2013, the new limit for subsidized student loans is 150% of their published program length. For example: for an associate’s degree, the program length is two years. This means that students will only be able to receive subsidized student loans for three years. Keep in mind that if you are attending only part time this does not lengthen the amount of time that you can receive subsidized loans. You will still be limited to the three years even if you have not completed your associate degree.

(May) Financial aid year changes: The beginning of the financial aid year has changed. Arkansas Tech is now a "trailer school" (was a "header school"), which means that the aid year runs fall, spring and summer. Your FAFSA will start over in the fall.  If you plan on taking summer classes this year, please check with the Office of Financial Aid to see if you have aid available.

 

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