• Child Care Expenses: You may request that reasonable child care costs be included in your budget. See the childcare increase form under the forms section of this site.
• Computer Purchase: You may be reimbursed for a one-time purchase of a computer up to $1,. See the computer budget form under the forms section of this site.
• Away Rotation Expenses: available only to College of Medicine Students. See the Away Rotation budget increase form under the forms section of this site.
• Residency Budget Expenses: available only to College of Medicine Students. See the Residency budget increase form under the forms section of this site.
• Northwest Campus Moving Expenses: https://worldpaydayloans.com/payday-loans-pa/titusville/ available only to College of Medicine and College of Pharmacy students required to move to the Northwest campus for the completion of their program. The funds will be disbursed during the student’s second year. See the Northwest Moving Expense form under the forms section of this site.

Determining Financial Need

The Student Aid Index (SAI) is calculated based on the information a student provides on the FAFSA. There are three basic SAI calculations as determined by Federal Regulations:

1. Dependent Students The SAI for a dependent student is calculated using the FAFSA data for the student and his parents. CPS calculates the parents‘ contribution (which includes their assets), the student’s contribution from income, and the student’s contribution from assets; the SAI is the sum of these three.
2. Independent Students (and Spouse) The SAI for an independent student without dependents other than a spouse is calculated using the FAFSA information for the student and spouse. The CPS calculates a contribution from available income and a contribution from assets.
3. Independent Students with Dependents The SAI for an independent student with dependents other than a spouse is calculated using the information for the student and spouse provided on the FAFSA. The formula is almost the same as the formula for the parents of a dependent student. There are three basic steps. First, the student’s available income is determined. Then, the student’s contribution from assets is calculated. Finally, the SAI is calculated using the available income, the contribution from assets, and the number in college.

Need based aid and other Estimated Financial Assistance (EFA) received from all sources (scholarships, grants, loans, discounts, waivers, WIA, outside pays, etc.) cannot exceed a student’s financial need or an over-award occurs. An over-award requires federal aid to be adjusted. Adjustments of federal aid can occur at any time.

Financial Aid Award

Total financial assistance, including need based and non-need based aid, cannot exceed the student’s COA. Adjustments will be made at any time to prevent an over-award.

Financial aid award letters are automatically emailed to students whose aid application is compete. If you have completed the FAFSA and have not received an award letter, please contact our office at (501) 686-5451. If you have not completed the FAFSA, please visit the How to Apply section of this site.

Want to estimate your financial aid? Click Here (note: this is an estimate as your actual awards may be different)

Undergraduate Grade Level Determination Determination of grade level is an important part of calculating eligibility for federal and state financial aid. UAMS calculates the total number of transfer plus completed credits as of the beginning of an academic year.

Financial Aid Disbursements

Financial aid disbursements occur when the Financial Aid Office awards an eligible student financial aid and it is credited to the student’s tuition account in GUS. This is done on a payment period bases as defined in the Academic Year Definition. Once eligibility requirements are met, financial aid funds are processed through GUS and applied to the student’s account by the UAMS Bursar’s Office. The Financial Aid office reviews rosters daily for student status changes and notifies the Bursar’s Office when to release funds. Funds are not released unless eligibility requirements have been met. An academic disbursement schedule is prepared by college and semester. Student’s can view their cost of attendance, award amounts (Gross & Net) and disbursement dates on the GUS Student Portal. Financial aid is posted to your account the first week of class. Refunds will be automatically processed within seven business days but no later than the 14 day regulatory timeframe. Aid adjustments due to enrollment status changes will continue to be processed thru the census date. Since UAMS maintains a low 3-year cohort default rate, we are not required to delay disbursements for first-time, first-year borrowers.