To receive federally funded financial aid and some other financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) Free Application for Federal Student Aid (FAFSA), enroll as regular students in an approved degree or certificate program, meet citizenship requirements, demonstrate financial need, and maintain satisfactory academic progress. In addition, students must not be in default on any student loan program or Stafford Loan or owe a refund on a Pell Grant, SEOG, or state aid.
The majority of financial aid programs offered at South Arkansas College are need-based; however, a number of institutional scholarships are based on academic achievement and merit. Students must reapply for financial aid every year. For all financial aid, enrollment is calculated as of the eleventh (11th) class day of the semester for fall and spring semesters and the fifth (5th) class day for the summer semester.
Cost of attendance (COA) is an estimated figure of all costs a person might have during the school year, and includes things like food, housing and living expenses. Based on the information you provide in your FAFSA, an Expected Family Contribution (EFC) will be calculated using a specific formula. "Financial Need" is the amount left when you subtract the EFC from the COA.
Financial Aid Estimated Cost of Attendance for 2023-2024 Year:
| Students Designated as Dependent on the ISIR | |
| Expense | 9 Month |
| Tuition & Fees | $2,829 |
| Books, Course Materials, Supplies & Equipment | $2,000 |
| Living Expenses (Food & Housing) | $4,080 |
| Transportation | $1,770 |
| Misc.Personal* | $3,611 |
| SUB-TOTAL | $14,290 |
* Cannot be, and is not, included in Less Than Half Time COA budget
| Students Designated as Indpendent on the ISIR without Dependent Care Expense | |
| Expense | 9 Month |
| Tuition and Fees | $2,829 |
| Books Course Materials, Supplies & Equipment | $2,000 |
| Living Expenses (Food & Housing) | $9,260 |
| Transportation | $1,770 |
| Misc./Personal* | $4,911 |
| SUB-TOTAL | $20,770 |
* Cannot be, and is not, included in Less Than Half Time COA budget
