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Financial Aid

Calculating Financial Aid Award

Eligibility for need-based financial aid programs is based on the following calculations:

Minus All Sources of Financial Assistance other than federal aid:

  • Private scholarships from any source
  • All scholarships and tuition assistance received from UALR
  • Aid received from the State of Arkansas (including all scholarships and tuition assistance)
  • Tuition discounts (including employee tuition benefits)
  • Vocational Rehabilitation payments
  • Veteran’s Educational Benefits (including all tuition payments and monthly benefit amounts)
  • Graduate Assistantships and Stipends

Minus Federal Grants

Equals Remaining Need

Minus Federal Loan eligibility

Minus Federal Work Study eligibility

Equals Unmet Need

Financial aid funds received from all sources cannot exceed financial need, or an overaward occurs. An overaward requires federal aid to be reduced. A reduction of your federal financial aid can occur at any time.

Updated 5.7.2010