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 Federal 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 College 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.
7000 Chad Colley Blvd
Fort Smith, Arkansas 72916-6024
PO Box 10366
Fort Smith, AR 72917-0366
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, federal/private student loans, veteran education benefits, military health profession scholarships, or other federal and state programs. Contact the Office of Financial Aid with any questions or assistance in applying for financial aid or to receive information concerning various financing options which are available for students in the Master of Science of Biomedicine program via e-mail or phone at (479) 308-2200.
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 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 Opens a New Window.
- Student Loan and Financial Best Practices Opens a New Window.
- Choosing Between Federal and Private Repayment and Forgiveness Programs Opens a New Window.
- Modern Student Loan Repayment Case Studies for Today’s Osteopathic Medical School Graduates Opens a New Window.
- Managing Your Income and Finances Early in Your Career: Strategies for Osteopathic Medical School Graduates Opens a New Window.
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.
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. To qualify for federal student loans a student must be in an approved Title IV eligible program and qualify for federal student aid. Apply for federal student loans (Direct Unsubsidized or Direct PLUS Loans) by completing the Free Application for Federal Student Aid (FAFSA). The second step in applying for a Direct PLUS Loan is to complete a Direct PLUS Loan application as a graduate/professional student, which requires a credit check. Students may search for and apply for private loans on their own or through the FASTChoice web tool, which hosts ACHE’s preferred lender list. Applying for a private loan requires a credit check and possible co-signer.
Veterans Education Benefits may be available to Veterans, Servicemembers and their families for approved programs at ACHE. Apply for benefits by completing a VA Certification Request Form with the Office of Financial Aid and submit it with your Certificate of Eligibility. Eligibility and additional information about veteran’s education benefits can be found at VA|Vets.gov. The School Certifying Official at ACHE will review the submitted request for your eligibility for your program of study.
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 concerning various financing options which are available for students in the Master of Science of Biomedicine program.
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.