Financial Assistance

Options to
Improve Affordability

Central to our core values, we believe it is possible to provide access to a high-quality education that is within the financial means of working adults. However, even with eVersity’s low tuition, students may need financial assistance. Through eVersity Engage, the first course students take, we explore different resources for financial assistance, how to apply for assistance, how to receive funds, and what requirements must be met to remain eligible for additional funding. Together, we will help ensure you can afford to complete not just a single course, but your entire degree. 

 

Scholarships and Tax Credits

There are a variety of scholarships available with criteria ranging from academic requirements to financial need, specific talent awards, underrepresented groups in academic programs, ancestry connections, geographic focused, and many other criteria. Because there are many free scholarship search services available online, students should avoid any options that require a fee. Some of the common free scholarship searches used by students include fastweb.com, salliemae.com, scholarships.com, and supercollege.com. Students who are self-financing their education may qualify for a tax credit to offset part of the expense. Learn more by reviewing irs.gov publication 970.

 

Third-Party Tuition Assistance

Many employers support the continuing education of their employees and provide assistance in various ways. Some employers allow the university to directly bill the employer for the cost of tuition. Other employers require the student to pay the cost of tuition and then seek reimbursement after successfully completing the course. To learn more about the requirements and opportunities available, students should check with their employer, their spouse’s employer or even their parents’ employer. 

 

Federal Student Aid

The University of Arkansas System eVersity is not approved to administer federal financial aid. However, all eVersity students are admitted to a concurrent degree program administered by the University of Arkansas at Monticello (UAM). UAM is authorized to administer federal financial aid to eligible students. Students will be required to complete the Free Application for Federal Student Aid (FAFSA). Assistance in completing the FAFSA will be provided by eVersity staff during the eVersity Engage course. Students must meet general eligibility requirements as communicated by the University of Arkansas at Monticello and remain enrolled making the prescribed academic progress to retain eligibility for future aid. Students should be familiar with the satisfactory academic progress policy and work with their academic success advisor to make good progress toward degree completion.

 

Veterans Educational Assistance

Veterans of recent military service and the dependents of certain other servicemen and servicewomen may be entitled to educational assistance payments from the Department of Veterans Affairs. Assistance is certified by the University of Arkansas at Monticello, based on the student’s admission and enrollment in the concurrent programs. Veterans should contact the University of Arkansas at Monticello’s Financial Aid Office at (870) 460-1050 for assistance in filing for benefits.