GRANTS – STATE & FEDERAL
Arkansas Academic Challenge Scholarship (funded by the Arkansas Scholarship Lottery)
The Academic Challenge program provides educational assistance to Arkansas residents in pursuit of higher education. Additional funding made possible by the Arkansas Scholarship Lottery has allowed the expansion of this program. Both traditional and nontraditional students may be eligible to receive funds under this program. All students are required to be Arkansas residents and be accepted for admission at an approved institution of higher education and be enrolled in a program that leads to a baccalaureate, associate, or qualified certificate program.
Eligible traditional students are required to have completed certain high school class, grade point, and ACT requirements. Eligible non-traditional students are required to meet various grade point and ACT requirements. Students must apply at www.adhe.edu. For additional information, students may contact the UACCM Financial Aid Office.
Federal Pell Grant
The Federal Pell Grant is a student financial aid program designed to assist students in their postsecondary education. Its purpose is to provide eligible students with a “foundation” of financial aid to help defray the costs of their education. All undergraduate students are eligible to apply for Pell Grant assistance. Student eligibility is based on financial need and is determined by a formula applied consistently to all applicants. The formula is developed by the U. S. Department of Education and Congress. Students may receive a Pell Grant until they have completed their first undergraduate program of study. These grants are to be used for educational purposes.
Federal Work Study Program
The Federal Work Study Program is designed to allow a limited number of students to meet their cost of attendance through part-time work. Selection is based upon need that is established through the need analysis process in effect during the academic year in question.
Higher Education Opportunities Grant (GO!)
The GO! Opportunities Grant provides a $1,000 award per year to full-time students (at least 12 credit hours in the first semester and 15 hours per semester thereafter) and $500 award per year to part-time students who are Arkansas residents. Students can qualify for up to $4,000 grand total. To be eligible, students must have a family income of not more than $25,000 per year ($5,000 extra for each additional person in the household). Students must maintain a 2.00 grade point average while in college. GO! students must be enrolled in at least six hours and be enrolled in an eligible program at UACCM.
Workforce Improvement Grant
The Workforce Improvement Grant is a need-based grant for non-traditional students at least 24 years of age. Students must complete the Free Application for Federal Student Aid (FAFSA) by July 15 of the award year, as well as all necessary paperwork with the Financial Aid Office to be considered for the grant. To be eligible, students must be enrolled in at least three semester hours, have an unmet need, and not be receiving more than $1000 per semester in Pell Grant assistance. Award amounts cannot exceed the student’s tuition and fee charges less any Pell assistance received. Additionally, award amounts are determined by the Financial Aid Office and are awarded to eligible students on a greatest-need basis. Maximum awards are $1000 per semester.