Determining Your Aid Amounts

Student Financial Aid is available to College of Medicine students in the form of scholarships and loans. The maximum amount of financial aid you may receive each academic year, regarwdless of the source, will equal your COST OF ATTENDANCE.
 

Once you file your Free Application for Federal Student Aid (FAFSA), the Financial Aid Office will use your resulting Expected Family Contribution (EFC) to determine your eligibility for need-based aid, such as the Subsidized Stafford Loan or need-based scholarships. We will do this by subtracting your EFC from your Cost of Attendance.

       Cost of Attendance
-      Expected Family Contribution                                                     
=     Eligibility for Need-Based Aid (such as the Subsidized Stafford Loan)

The Financial Aid Office will always determine how much you are eligible to receive in Need-Based Aid first, for these programs are always more beneficial to the student. Then we recommend that you do contribute to your education the amount the Department of Education specifies in your Expected Family Contribution, but we also realize that is just not always possible. Therefore, federal regulations will allow us to replace your Expected Family Contribution with non-need-based aid, such as the Unsubsidized Stafford Loan or the Graduate Plus Loan. We determine how much you are eligible to receive in non-need-based aid by subtracting the amount you are receiving in need-based aid from your Cost of Attendance. Your Expected Family Contribution is not a factor in the determination for non-need-based aid.

        Cost of Attendance
-       Need-Based Aid (Subsidized Stafford Loan)
-       Any Other Student Aid (Scholarships)                          
=      Eligibility for Non-Need-Based Aid (Unsubsidized Stafford Loan)

Remember that it is your responsibility to apply for scholarships and loans by completing the Scholarship Application and the appropriate loan application. Completing the FAFSA will only determine how much of your aid can be need-based, and how much of your aid must be non-need based.  Completing a loan application will let us know what type of loan you would like and how much you will be requesting. You do not have to apply for the maximum amount of financial aid that you are eligible to receive if you do not need that much assistance.

University of Arkansas for Medical Sciences
College of Medicine
4301 W. Markham St., Little Rock, AR 72205

Student Financial Aid: (501) 686.5813 E-mail: GEDaulton@uams.edu
Student Admissions: (501) 686.5354 / E-mail: southtomg@uams.edu
Center for Diversity Affairs: (501) 686.7299 / E-mail: cda@uams.edu
Office of Alumni Affairs: (501) 686.6684/ E-mail: Ginny Rice
Dean's Office: (501) 686.5349
 

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