Frequently Asked Questions
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
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.
To complete the Free Application for Federal Student Aid (FAFSA®), you will need:
- Your Social Security Number
- Your Alien Registration Number (if you are not a U.S. citizen)
- Your federal income tax returns, W-2s, and other records of money earned. (Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)
- Bank statements and records of investments (if applicable)
- Records of untaxed income (if applicable)
- An FSA ID to sign electronically.
If you are a dependent student, then you will also need most of the above information for your parent(s).
Arkansas Tech's Federal Student Aid SAP policy is located here: Satisfactory Academic Policy
Steps for completing a 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.
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.
All Freshman first-time borrowers have a 30 day delay (from the 1st day of class) on the initial loan disbursement.
Also, for any grade level, 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.
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.
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)?
Ask yourself the following questions. Did you:
- Meet the renewal requirements for the scholarship?
- 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)
- Move out of campus housing and not get an exemption from Residence Life?