Welcome to the Office of Financial Aid
Our office is dedicated in assisting students with financial counseling and assistance from the time they enroll until the time they graduate. Entrance counseling, financial literacy for borrowers, and exit counseling are just a few of the services we employ to create financial awareness and responsibility on the part of the students.
Arkansas Colleges of Health Education School Code: 042568
In support of the college’s mission statement, the Office of Financial Aid is dedicated to supporting students with financial assistance and educational resources vital to student success while pursuing a medical degree and in the future.
Our office is located on the first floor of the Arkansas Colleges of Osteopathic Medicine building in the Office of Student Affairs. Our official means of communication is via e-mail, through your student portal, so please check this often.
Contact the Director of Financial Aid, Glenna Gilliam, with any questions or assistance in applying for financial aid via e-mail or phone at (479) 308-2209.
7000 Chad Colley Blvd
Fort Smith, Arkansas 72916-6024
PO Box 10366
Fort Smith, AR 72917-0366
Code of Conduct
The Office of Financial Aid adheres to the Financial Aid Code of Conduct which applies to the officers, employees, and agents of the school and must also prohibit employees of the financial aid office from receiving gifts from a lender, guaranty agency, or loan servicer. Click here to view the Financial Aid Code of Conduct.
The Office of Financial Aid works with all qualified students to meet the cost of their education at the Arkansas Colleges of Health Education (ACHE). Students may finance their education with scholarships, loans and other resources.
Creating a budget and knowing how to handle your finances and financial aid (scholarships, loans, other resources) is an important step of reaching financial and academic success during and after school. Click here for information and tips from the U.S. Department of Education about budgeting.
Financial Aid Debt Modules
The American Association of Colleges of Osteopathic Medicine (AACOM) has provided the following five modules for financial aid debt management for osteopathic medical students and graduates:
- Borrowing Considerations and Repayment Options
- Student Loan and Financial Best Practices
- Choosing Between Federal and Private Repayment and Forgiveness Programs
- Modern Student Loan Repayment Case Studies for Today’s Osteopathic Medical School Graduates
- Managing Your Income and Finances Early in Your Career: Strategies for Osteopathic Medical School Graduates
Types of Aid
Scholarships are considered gift aid and does not have to be repaid back. Institutional scholarships may be applied for through the school. Outside scholarships may be applied for by a student on their own to the organization offering the scholarship.
Loans are funds students may borrow during school but must be repaid back. Students must be eligible for federal student aid to qualify for federal student loans. The first step to applying for a federal student loan is to complete the Free Application for Federal Student Aid. Students may apply for private loans on their own, which requires a credit check and possible co-signer.
Veterans Education Benefits may be available to Veterans, Servicemembers and their families for which eligibility may be determined by visiting VA|Vets.gov. Once, eligibility is determined please request a VA Certification Request from the Office of Financial Aid.
State aid for residents may be applied through their state grant agency. Arkansas residents who wish to apply for state aid or file grievances may do so with the Arkansas Department of Higher Education, who may be contacted via e-mail or phone at 501.371.2000.
Students who receive federal student loans must complete online Entrance Counseling and a Master Promissory Note as a Graduate/Professional Student for the Arkansas Colleges of Health Education for each type of loan accepted.
All new students receiving any form of financial aid must meet with a financial aid counselor or attend a meeting provided by the Office of Financial Aid within sixty days of the beginning of their first semester as a student at ARCOM. Students must attend an annual financial aid meeting or meet individually with a financial aid counselor annually. All students with any form of financial aid must meet with a financial aid counselor during a three-month period prior to graduation.
Students must be eligible for financial aid at the time of disbursement. Financial aid will not be disbursed to anyone until he or she has been fully admitted as a student and all admission requirements have been met and approved by the administration.