FINANCIAL PLANNING

 

Federal and State Financial Aid Programs

The federal government sponsors student assistance programs to those who have demonstrated financial need. Through the Federal Pell Grant Program, students may receive as much as $5,645 per year, based on authorization from Congress. Many students also are able to take advantage of the Federal Perkins Program and secure long-term, low interest (5%) loans for educational expenses.

Students may also be eligible for assistance from other sources, such as the Federal Supplemental Educational Opportunity Grant Program (SEOG), the Federal Work-Study Program, and Federal Stafford Student Loans.

Many states also participate in student aid programs for residents attending college either in or out of the state. Arkansas residents may be eligible for the Arkansas Governor's Distinguished Scholarship (GDS) in the amount of $10,000. The Arkansas Department of Higher Education also administers the Arkansas Academic Challenge Scholarship Program. This grant program offers first-time freshmen a four-year renewable scholarship in the amount of $2,500 the first year with increases each year. Contact the Financial Aid Office for details.

Students may qualify for a low interest Federal Stafford Student Loan (subsidized or unsubsidized) to help cover both direct and indirect costs of education. Award amounts are based on financial need.

Veterans Administration Benefits

John Brown University is an approved institution for veterans and veterans' beneficiaries training. Veterans, widows, and children of veterans who lost their lives in service, or veterans who are now disabled as a result of service should contact the nearest Veterans Administration Regional Office as far in advance of enrollment date as possible for assistance in securing Veterans Administration benefits. Information regarding this program may be obtained from the VA Certifing Official in the JBU Registrar's Office.

AIR FORCE and ARMY ROTC Scholarships

Scholarships are available to qualified applicants. Scholarships pay tuition, and there may be allowances for books and additional expenditures. Selection is based on academic record, ACT/SAT entrance scores, leadership potential, a physical exam, and a personal interview. Preferences are given to technical fields and nursing, but all disciplines may apply.  Army ROTC full tuition and fee scholarship recipients will receive full room and board scholarships from JBU.

Student Employment

Students may qualify for employment through the university by completing the Free Application for Federal Student Aid (FAFSA). Students with the greatest amount of determined financial need will be given preference for institutional employment. Employment positions are available throughout the university.

Students interested in seeking employment on campus must contact the Financial Aid Office. Employment will be awarded as part of the financial aid package. Job assignments for upper-classmen will be made in accordance with student class schedules, position preference, and supervisor recommendation. All students are assigned a service-oriented position for the first year and may choose to work in food service, grounds, custodial services, or the maintenance department. These areas, vital for the daily operation of the university, require large numbers of student workers in order to function effectively. Work time is usually limited to eight hours per week. Paychecks are issued to students bimonthly for hours worked under the work program. Students may apply their earnings toward their school accounts.

Work-study participants must maintain a 2.0 cumulative grade point average to remain eligible for the full program. Students failing to maintain the required GPA will be removed from the work-study program until their cumulative GPA is at least 2.0.