Financial Aid

Financial Aid Background Pic

Financial Aid / Work Study Information

The mission of the Financial Aid Office is to help eligible students fund their college education at UACCB. We understand that you probably have many questions about how to apply for financial aid and what may be expected of you. We hope that this website will answer some of your general questions, but please feel free to contact our office at any time. You may call our office or email our staff at financial.aid@uaccb.edu.


Applying for federal funding, such as Pell grants and student loans, requires that you complete the Free Application for Federal Student Aid (FAFSA). Electronic applications have a much higher rate of processing, with fewer errors, and the processing time is significantly shorter. Applying online also allows you to check the status of your application using the internet.


UACCB Direct Student Loan Information
Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education rather than a bank or other financial institution. For more detailed information on the Direct Loan program, please visit www.studentloans.gov.


If you would like to be processed for a student loan, you must adhere to the following policies:


  • The Direct Loan is a loan and must be repaid.
  • You must be enrolled for at least 6 credits per term throughout the entire loan period.
  • All borrowers must complete on-line Entrance Counseling.
  • You are required to electronically complete and sign your Master Promissory Note (MPN).
  • There is a 30-day delayed disbursement period for all first-time borrowers at UACCB.
  • All loan funds are distributed in two disbursements per semester.

The UACCB Federal School Code is 014042.

Work Study

Every academic year each student MUST COMPLETE the Free Application for Federal Student Aid (FAFSA) to determine eligibility for work-study.


What is Federal College Work-Study? (FCWS)

This program provides jobs for students with financial need, allowing them to earn money to help pay for college expenses.


How much can I earn on FCWS?
Earnings will be at least the current federal minimum wage. The total amount that you earn will depend on the number of hours that you work each week. Most students work between 10 and 20 hours per week, and are paid every two weeks. You will be notified by your employer or the Financial Aid Office concerning your FCWS eligibility.


What are my responsibilities as a FCWS worker?
As a student worker, your responsibilities are to be willing to work and perform your assigned duties to the best of your ability. Be prepared for an interview and/or orientation session with a prospective employer.


You must be dependable, prompt and reliable and work the required period of time.  If you must be absent from work, your supervisor should be notified prior to your scheduled work time. You should not expect to be allowed to study while at work.

Grants

Every academic year each student MUST COMPLETE the Free Application for Federal Student Aid (FAFSA) to determine eligibility for any type of federal grant.


FEDERAL PELL GRANT

What is a Federal Pell Grant?

A Federal Pell Grant is awarded to help Undergraduate students pay for their education after high school. For the Federal Pell Grant Program, an undergraduate is one who has not earned a bachelor's or professional degree. These Grants provide a "foundation" of financial aid for many students to which aid from other federal sources may be added. Unlike loans grants do not have to be repaid.


How much can I receive from a Federal Pell Grant?
The amount awarded will depend not only on your Expected Family Contribution (EFC), but on the cost of education, enrollment status, and whether or not attendance is for a full academic year or less. Review the Pell Grant payment schedule by clicking on the appropriate Pell Grant Chart.


Can I receive a Federal Pell Grant if I am enrolled less than half time?
Yes, if you are otherwise eligible. You will not receive as much as if you were full time, but your school must disburse your Pell Grant funds in accordance with your enrollment status and cannot refuse to award you simply because you are enrolled less than half time.


FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG)
What is FSEOG?
This is a grant intended to supplement other aid received. These grants are federally funded with each school receiving a fixed amount each year. Therefore, funds are awarded to a limited number of undergraduate students with exceptional financial need. A FSEOG does not have to be repaid.


How much can I get from a FSEOG?
FSEOG grants at UACCB may range from $200 to $400 per academic year depending on the availability of funds.


STATE GRANTS

The state of Arkansas provides several grants and scholarships. State financial aid includes the Go Grant, Governor's Scholarship, Arkansas Academic Challenge, MIA/KIA Dependant's Scholarship, Law Officers Dependant's Scholarship, and Emergency Secondary Educational Loan Program. For information on these programs call 1-800-54-STUDY.

Code of Conduct

Details as per the Higher Education Opportunity Grant:


The Higher Education Opportunity Act section 493(a)(25), requires all educational institutions with a preferred lender arrangement (defined as "recommending, promoting, or endorsing the education loan products of the lender") to comply with a Code of Conduct described in HEOA. Details of the requirements are found in section 493 subsections (e). This code of conduct must be published prominently on the institution's website and all of the institution's agents with responsibilities with respect to education loans must be annually informed of the provisions of such code of conduct.


The seven elements of the Code of Conduct requirements are the following:


Ban on revenue-sharing arrangements
Gift ban
Contracting arrangements prohibited
Interaction with borrowers
Prohibitions on offers of funds for private loans
Ban on staffing assistance
Advisory Board compensation
Here are the detailed Code of Conduct Requirements from the Act:
(e) Code of Conduct Requirements- An institution of higher education's code of conduct, as required under subsection (a)(25), shall include the following requirements:


(1) BAN ON REVENUE-SHARING ARRANGEMENTS-
(A) PROHIBITION- The institution shall not enter into any revenue-sharing
arrangement with any lender.
(B) DEFINITION- For purposes of this paragraph, the term 'revenue-sharing
arrangement' means an arrangement between an institution and a lender under which--
(i) a lender provides or issues a loan that is made, insured, or guaranteed under this titleto students attending the institution or to the families of such students;
and
(ii) the institution recommends the lender or the loan products of the lender and inexchange, the lender pays a fee or provides other material benefits, including
revenue or profit sharing, to the institution, an officer or employee of the institution, or an agent. 


(2) GIFT BAN-
(A) PROHIBITION- No officer or employee of the institution who is employed in the financial aid office of the institution or who otherwise has responsibilities with respect to education loans, or agent who has responsibilities with respect to education loans, shall solicit or accept any gift from a lender, guarantor, or servicer of education loans.
(B) DEFINITION OF GIFT-
(i) IN GENERAL- In this paragraph, the term 'gift' means any gratuity, favor, discount, entertainment, hospitality, loan, or other item having a monetary value of more than a de minimus amount. The term includes a gift of services, transportation, lodging, or meals, whether provided in kind, by purchase of a ticket, payment in advance, or reimbursement after the expense has been incurred.
(ii) EXCEPTIONS- The term 'gift' shall not include any of the following:
(I) Standard material, activities, or programs on issues related to a loan, default aversion, default prevention, or financial literacy, such as a brochure, a workshop, or training.
(II) Food, refreshments, training, or informational material furnished to an officer or employee of an institution, or to an agent, as an integral part of a training session that is designed to improve the service of a lender, guarantor, or servicer of education loans to the institution, if such training contributes to the professional development of the officer, employee, or agent.
(III) Favorable terms, conditions, and borrower benefits on an education loan provided to a student employed by the institution if such terms, conditions, or benefits are comparable to those provided to all students of the institution.
(IV) Entrance and exit counseling services provided to borrowers to meet the institution's responsibilities for entrance and exit counseling as required by subsections (b) and (l) of section 485, as long as—
(aa) the institution's staff are in control of the counseling, (whether in person or via electronic capabilities); and
(bb) such counseling does not promote the products or services of any specific lender.
(V) Philanthropic contributions to an institution from a lender, servicer, or guarantor of education loans that are unrelated to education loans or any contribution from any lender, guarantor, or servicer that is not made in exchange for any advantage related to education loans.
(VI) State education grants, scholarships, or financial aid funds
administered by or on behalf of a State.
(iii) RULE FOR GIFTS TO FAMILY MEMBERS- For purposes of this
paragraph, a gift to a family member of an officer or employee of an institution, to a family member of an agent, or to any other individual based on that individual’s relationship with the officer, employee, or agent, shall be considered a gift to the officer, employee, or agent if--
(I) the gift is given with the knowledge and acquiescence of the officer, employee, or agent; and
(II) the officer, employee, or agent has reason to believe the gift was given because of the official position of the officer, employee, or agent.


(3) CONTRACTING ARRANGEMENTS PROHIBITED-
(A) PROHIBITION- An officer or employee who is employed in the financial aid office of the institution or who otherwise has responsibilities with respect to education loans, or an agent who has responsibilities with respect to education loans, shall not accept from any lender or affiliate of any lender any fee, payment, or other financial benefit (including the opportunity to purchase stock) as compensation for any type of consulting arrangement or other contract to provide services to a lender or on behalf of a lender relating to education loans.
(B) EXCEPTIONS- Nothing in this subsection shall be construed as prohibiting--
(i) an officer or employee of an institution who is not employed in the institution’s financial aid office and who does not otherwise have responsibilities with respect to education loans, or an agent who does not have responsibilities with respect to education loans, from performing paid or unpaid service on a board of directors of a lender, guarantor, or servicer of education
loans;
(ii) an officer or employee of the institution who is not employed in the institution’s financial aid office but who has responsibility with respect to education loans as a result of a position held at the institution, or an agent who has responsibility with respect to education loans, from performing paid or unpaid service on a board of directors of a lender, guarantor, or servicer of
education loans, if the institution has a written conflict of interest policy that clearly sets forth that officers, employees, or agents must recuse themselves from participating in any decision of the board regarding education loans at the institution; or
(iii) an officer, employee, or contractor of a lender, guarantor, or servicer of education loans from serving on a board of directors, or serving as a trustee, of an institution, if the institution has a written conflict of interest policy that the board member or trustee must recuse themselves from any decision regarding education loans at the institution.


(4) INTERACTION WITH BORROWERS- The institution shall not--
(A) for any first-time borrower, assign, through award packaging or other methods, the borrower’s loan to a particular lender; or
(B) refuse to certify, or delay certification of, any loan based on the borrower’s selection of a particular lender or guaranty agency.


(5) PROHIBITION ON OFFERS OF FUNDS FOR PRIVATE LOANS-
(A) PROHIBITION- The institution shall not request or accept from any lender any offer of funds to be used for private education loans (as defined in section 140 of the Truth in Lending Act), including funds for an opportunity pool loan, to students in exchange for the institution providing concessions or promises regarding providing the lender with—
(i) a specified number of loans made, insured, or guaranteed under this title;
(ii) a specified loan volume of such loans; or
(iii) a preferred lender arrangement for such loans.
(B) DEFINITION OF OPPORTUNITY POOL LOAN- In this paragraph, the term 'opportunity pool loan’ means a private education loan made by a lender to a student attending the institution or the family member of such a student that involves a payment, directly or indirectly, by such institution of points, premiums, additional interest, or financial support to such lender for the purpose of such lender extending credit to the student or the family.


(6) BAN ON STAFFING ASSISTANCE-
(A) PROHIBITION- The institution shall not request or accept from any lender any assistance with call center staffing or financial aid office staffing.
(B) CERTAIN ASSISTANCE PERMITTED- Nothing in paragraph (1) shall be construed to prohibit the institution from requesting or accepting assistance from a lender related to--
(i) professional development training for financial aid administrators;
(ii) providing educational counseling materials, financial literacy materials, or debt management materials to borrowers, provided that such materials disclose to borrowers the identification of any lender that assisted in preparing or providing such materials; or
(iii) staffing services on a short-term, nonrecurring basis to assist the institution with financial aid-related functions during emergencies, including State-declared or federally declared natural disasters, federally declared national disasters, and other localized disasters and emergencies identified by the Secretary.


(7) ADVISORY BOARD COMPENSATION- Any employee who is employed in the financial aid office of the institution, or who otherwise has responsibilities with respect to education loans or other student financial aid of the institution, and who serves on an advisory board, commission, or group established by a lender, guarantor, or group of lenders or guarantors, shall be prohibited from receiving anything of value from the lender, guarantor, or group of lenders or guarantors, except that the employee may be reimbursed for reasonable expenses incurred in serving on such advisory board, commission, or group.



Important Info

The Financial Aid & Scholarships office is located in Suite 225 in the Main Classroom Building. Office hours are 8:00 a.m. - 5:00 p.m. Monday through Friday. The telephone number is 870-612-2036.

Contact Info

Kristen Cross

Financial Aid Director
Office: MCB 225 C
870-612-2011


Jennifer Sinele

Financial Aid Department
Office: MCB 225 A
870-612-2015


Phyllis Gardner
Financial Aid Specialist
Office: MCB 225 B
870-612-2153

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