University of Arkansas (UARK) Financial Aid and Scholarships
Students Receiving Aid
55%
Total Aid Amount
$97.737M
Financial Aid Official Website
https://finaid.uark.edu/
As many as 76% of the students at UA get some sort of financial aid, and the total amount of assistance/loans provided is more than $55,389,261 in a year. More information regarding the financial assistance schemes can be accessed on UA’s official financial aid page at https://finaid.uark.edu/. Notably, a total of 19% of the applicants to University of Arkansas receive the Federal Grant every year. In comparison, 56% of the students are awarded the Student Grant, 39% get the Institution Grant, and 19% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,704, while the same comes to $2,536 for State Grant receivers and $5,650 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,285. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 43% of the applicants to University of Arkansas opt for student loans.
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