What forms are needed to apply for Financial Aid?
The Free Application for Federal Student Aid (FAFSA) must be completed each year. You can submit your application electronically by using FAFSA on the web.
Please note that the 2012 – 2013 FAFSA is used for the Fall 2012, Spring 2013 and Summer 2013 terms.
In addition, you will need to complete the UCA Financial Aid Data Form. Once FAFSA is received by UCA, you will be able to complete this from.
What types of financial aid do I apply for when I complete this application?
Your eligibility for all forms of federal financial aid, including PELL Grant, SEOG Grant, Perkins Loan, Stafford Loans, and Work-Study are determined when you complete the FAFSA.
What is UCA’s Title IV Code and why do I need it?
Our Title IV code is 001092. When you enter this code on the FAFSA, UCA will automatically receive an electronic version of your processed Student Aid Report (SAR).
I probably don’t qualify for aid. Why should I apply?
Many families mistakenly believe they don’t qualify for aid, preventing themselves from receiving aid for which they may be eligible simply because they fail to apply. In addition, there are sources of aid, such as Unsubsidized Loans and Parent Loans for Undergraduate Students (PLUS), available regardless of need. The FAFSA form is free. It does not obligate the student or the parent in any way. There is no reason not to apply.
What is my enrollment status for financial aid purposes?
|Enrollment Status||Undergraduate Student Enrolled in Undergraduate Credit Hours (1000 to 4000 level courses)||Graduate Student Enrolled in Graduate Credit Hours (5000 to 6000 level courses)|
|Less Than 1/2 Time||1-5||1-4|
How do I apply for a Scholarship?
Freshman Academic Scholarships are awarded through the Office of Student Financial Aid. Performance Scholarships, such as Athletics, Cheerleading and Band are awarded through the respective departments. For more information on scholarships at UCA, visit our scholarships page.
I sent in my FAFSA over four weeks ago, but haven’t heard anything. What should I do?
If you haven’t received a Student Aid Report (SAR), call the Federal processor at 1-319-337-5665 or 1-800-433-3243.
I am independent of my parents. I don’t live with them. I file my own taxes and they are not helping me with college expenses. Can I file for financial aid without using their income information?
Probably not. The FAFSA gives specific criteria for determining when a student may file for federal aid without using parental income information, and none of the circumstances mentioned above are listed as factors in that determination. However, if there are other extenuating circumstances please feel free to contact the Financial Aid Office for further assistance.
How do I transfer my financial aid to UCA?
Technically, financial aid does not transfer from one school to another school. Each school must determine your eligibility for financial aid. It may be exactly the same at each school or it may differ considerably. The first thing you should do is contact the other school and cancel your financial aid and notify the appropriate office that you are transferring. You will then need to add UCA’s school code (001092) to your FAFSA and submit it again. Once this is done, UCA will receive your information within five business days. It is important that you check your myUCA Self-Service for any required documents our office needs to continue processing your financial aid. We will notify you at your UCA e-mail address when we receive your FAFSA and when we require additional documents. Please note that we will always require at least one form in addition to your FAFSA.
You will need to navigate to the Forms page and print the appropriate UCA Financial Aid Data Form. When these documents are received by the Financial Aid Office, we will contact you concerning the status of your application via your UCA e-mail address.
How do I apply for a student loan?
When you submit the FAFSA, you should indicate that you are interested in receiving a student loan. If you did not indicate your interest or have changed your mind since you filed, you should contact our office so we can note your aid preferences in your file. If you are eligible, a loan will automatically be awarded to you. You will be notified through your UCA e-mail address once your student aid offer is available to view. You will then be able to accept or decline your aid by using self service on myUCA.
What is the difference between a subsidized and an unsubsidized loan?
As its name implies, a SUBSIDIZED loan is one where the government pays the interest on the loan while the student is in school. An UNSUBSIDIZED loan is one where the government does not pay the interest while the student is in school, that is, the student is responsible for paying the interest.
Repayment is deferred for BOTH loans until six months after the student graduates or stops attending school at least half-time. Borrowers will receive quarterly statements from their lender and have the option of making payments while the loans are in deferment.
What is “loan counseling”, an “entrance interview” or “entrance counseling session?”
All of these terms refer to the same thing. The federal government requires all first-time student loan borrowers to participate in loan entrance counseling prior to receiving a Federal Student Loan. During this session, you will review basic facts about loans, managing your education expenses and your rights and responsibilities as a student loan borrower. You can participate in loan counseling by clicking the link above.
Do I have to sign a Master Promissory Note before I can receive Stafford Loans?
Yes. Once you have been awarded and completed loan entrance counseling, you must sign a Master Promissory Note (MPN). The MPN is a legal agreement to the terms and conditions of the loan, including repayment. The MPN is valid for 10 years and can cover multiple Direct Stafford Loans from different institutions so it is not necessary to sign a new note for each loan. You can electronically sign the MPN for Direct Stafford Loans at www.studentloans.gov.
I accepted my student loan through self-service on myUCA, what if I change my mind?
You may cancel all or a portion of your loan by informing us in writing. If the loan has not been disbursed, you may do this at any time. If the loan has been disbursed, you must do so within 14 days after we send you notice that we have credited your account with your loan funds or by the first day of the payment period, whichever is later.
I was awarded work study but cannot find a job. Can I convert my work study money to a loan?
Work Study cannot be converted to a loan. However, if you have remaining eligibility it may be possible, if the work study is canceled, to increase your student loan.