Page 78 - 2020-2021 Catalog June

Federal Supplemental Educational Opportunity Grant (FSEOG)
FSEOG grants are intended, as the name implies, to supplement other aid. These grants are federally
funded with each school receiving a fixed amount each year. Funds are awarded to a limited number of
undergraduate students with preference being given to Pell Grant recipients demonstrating exceptional
financial need.

Direct Loan Program
This is a loan program that provides low-interest loans to postsecondary students and their parents. The
William D. Ford Federal Direct Loan Program is issued and managed by the U.S. Department of
Education and is the only government-backed student loan program in the United States. Eligibility is
determined by submitting the Free Application for Federal Student Aid (FAFSA) and required documents
to the BHCLR Financial Aid Office. Repayment after accepting the direct loans will begin six months
after the student has graduated or leaves college and become less than a half time student.

Applying for scholarships at BHCLR is a quick and easy process. Eligibility does not guarantee a
scholarship and awards are determined annually based on eligible applications and available funding.

Baptist Health Foundation Scholarships
Foundation Scholarships are made available through the Baptist Health Foundation donors. Often donors
specify the criteria for selection of scholarship recipients. For example, some scholarships require
applicants to meet qualifications such as a minimum grade point average, program of study, specified
hometown, or financial need.

Foundation Scholarship Applications are made available online by the BHCLR Financial Aid Office.
Students submitting an application for a scholarship are also required to complete the Free Application for
Federal Student Aid.

A Selection Committee reviews scholarship applications and makes award determinations. Deadlines are
published by the BHCLR Financial Aid Office.

Baptist Health Academic Scholarships
Academic Scholarships, funded by the Baptist Health Foundation, are awarded as funds are available.
Eligibility for academic scholarships requires the student to:

1. Apply for admission and be admitted into a program of study and

2. Achieve a designated ACT/TEAS score.

Other funding sources are available from agencies outside BHCLR. Students are encouraged to seek
funding from agencies listed below if eligibility criteria are met.

Arkansas Academic Challenge
The Academic Challenge Program provides educational assistance to Arkansas residents in pursuit of a
higher education. Additional funding made possible by the Arkansas Scholarship Lottery has allowed the
expansion of the Arkansas Academic Challenge Scholarship to provide higher education opportunities to
previously underserved Arkansans (both traditional & nontraditional students). The goal of the
scholarship is to provide significant financial aid to those who qualify. Applicants must complete the
YOUniversal Scholarship application at www.adhe.edu.

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