Because of an increase in UALR’s student loan default rate, federal regulations require UALR to release all student loans in multiple disbursements to minimize student loan defaults and support student success toward degree completion. Beginning Spring 2014, student loans processed for just the spring semester will be disbursed in two equal payments. The first payment is scheduled for January 13, the beginning of the semester. The second disbursement is scheduled for March 14, the half-way point of the semester. Multiple disbursements will help students manage the expenses that continue throughout the enrollment period.
We do not anticipate this change will affect your ability to pay for books, tuition, and other charges. Student Accounts is aware of this change and understands that you will be receiving loan disbursements later in the semester. Book vouchers up to $900 are available from the UALR Bookstore (online or in the campus store) for purchasing required books and supplies.
With your permission, UALR can document your expected student loan disbursement. If you need a letter for a landloard, utility company, etc., please complete a request form so that we may assist you in verifying your future loan disbursement.
A list of community resources may assist with additional needs you have before the second disbursement of your student loan is released in March.
The Central Arkansas Development Council, Inc. (CADC) serves the metropolitan Little Rock area. They coordinate several programs that may offer needed assistance. Their website will offer additional information about the many services they provide. Some examples include:
The Low-Income Home Energy Assistance Program (LIHEAP) provides families with short-term fuel assistance. Persons receiving LIHEAP are connected to family development resources, which provide a link to long-term resources to help families become self-reliant. CADC’s Family Development Program offers Assurance 16, which provides a financial incentive to persons completing economic literacy workshops. In addition, the Emergency Food and Shelter program utilizes FEMA funds to assist eligible households with utility bills.
CADC participates in the USDA Commodity Food program distributing canned and packaged foods to eligible households. The program enhances the nutritional status of children, seniors, and communities, ensuring a better quality of life in the 12-county service area. In the Summer Food Service Program, low-income children and youth have access to well-balanced diets all the year. In this program, CADC partners with community based youth mentoring programs to provide nutritious meals to children during the summer months.
A website with a wealth of information on local assistance programs is needhelppayingbills.com. Information is available about organizations that provide assistance with food, shelter, and paying utilities.