Federal and State Aid

Options for federal and state grants, loans, and scholarships.

Federal Financial Aid

Federal financial aid is available in the form of Pell grants and federal student loans. Complete the Free Application for Federal Student Aid (FAFSA) as soon as possible to receive maximum aid.

Have you already completed a FAFSA for another institution? Visit our Transferring Federal Aid page.

Federal Direct Student Loans

There are two types of federal student loans: subsidized and unsubsidized. Subsidized loans are based on student need, while unsubsidized loans are not. Depending on need, students may receive either type of loan, or a combination of the two. Students must be enrolled in at least six hours per term to qualify for a student loan.

For a federal subsidized student loan, the maximum annual loan amount is $5,500; aggregate limit is $23,000. Current fixed interest rate is 4.53% (for 2019-2020).

For a federal unsubsidized student loan, the maximum annual loan amount is $7,000; aggregate limit is $34,500. Current fixed interest rate is 4.53% (for 2019-2020).

Repayment of federal student loans is over a 10-year period and begins six months after ceasing half-time enrollment.

Federal Pell Grant

Apply by submitting the Free Application for Federal Student Aid (FAFSA)
Award: Up to $6,195 (2019-2020)
Criteria: Financial need as determined by FAFSA

Federal Supplemental Educational Opportunity Grant (FSEOG) 

Apply by submitting the Free Application for Federal Student Aid (FAFSA)
Award: $100-$200 (limited funding available)
Criteria: Must be enrolled full-time with significant financial need (estimated family contribution on FAFSA must be zero)

State Financial Aid

Workforce Improvement Grant

Students who are Arkansas residents and complete a FAFSA may receive an Arkansas Workforce Improvement Grant (WIG) up to $2000. The state allots a limited amount of funds per institution per school year. Eligibility for this grant is based on several factors including, but not limited to: need (based on FAFSA), WIG administration guidelines, and availability of funds.

JBU's Financial Aid Office will automatically review your eligibility for WIG when you submit your FAFSA. Students eligible for this grant will see WIG packaged with federal aid within their financial aid award letter.

Arkansas Academic Challenge Scholarship

A limited number of Arkansas Academic Challenge scholarships in amounts up to $5,000 will be awarded to non-traditional students. There is no income requirement and recipients must be Arkansas residents and US citizens/lawful permanent residents. 
To apply, submit your FAFSA and a YOUniversal application before June 1. 

Arkansas Go! Grant

Arkansas GO! Grants are awarded based on financial need as well as other determining factors, and are intended to help low income students. The annual award amount is $1,000 for full-time students and $500 for part-time students. To apply, submit your FAFSA and a YOUniversal application before June 1. 

 

Applying for Aid