Financial Aid FAQ - ASU Mountain Home Campus
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How do I apply for financial aid?

Follow the steps at Apply for Aid.

The FAFSA says I'm dependent and is asking for my parents' tax information, but I live on my own and pay all my own expenses. Can I be considered independent?

If you have been determined to be dependent by The Department of Education, you must provide your parents' tax information on the application.

Why do I need to complete a Master Promissory Note and Entrance Counseling?

These are documents required by Direct Lending before loan money can be released to your account. If you have accepted loans and returned your award letter to the ASUMH Financial Aid office, please go to to complete these documents. If you do not want the loans that have been offered to you, please decline them on your award letter.

When/where can I pick up my refund check?

Refund checks cannot be picked up.  If you believe you have a refund available, check your student email account for notification of when your refund is available.  All refunds are available by direct deposit to your bank account, once you complete the Direct Deposit form and return to the cashier. 

Am I eligible for financial aid? How will I know how much I'm eligible for?

You must complete the FAFSA to start the process of applying for aid. Once we have received that information from the Department of Ed, we can determine if you are eligible for aid and if so, how much and what kind you are eligible for. This is based on your estimated family contribution (EFC), the cost of attendance (COA), your enrollment status, and whether or not you are meeting the Satisfactory Academic Progress Policy. You will receive an award letter with the type and amount of aid received.

COA – educational expenses such as tuition, fees, books, supplies, room and board, other related expenses

EFC- calculated from the income and asset information the student provides on the FAFSA

If you have any other questions, contact information is available at: