An application for financial aid begins with the FAFSA, the Free Application for Federal Student Aid. This is the application for need-based aid*. You must complete and submit this form in order to be considered for federal, state, and institutional aid. The form is available online at studentaid.gov. To apply at Hendrix, you must enter the Hendrix code, 001099, on the FAFSA.
The financial aid equation: COA - EFC = Need
The FAFSA determines the Expected Family Contribution (EFC), the estimated amount a family can contribute to a student's education. This amount is reported on the Student Aid Report (SAR).
The Hendrix Office of Financial Aid calculates a yearly cost of attendance (COA) budget that accounts for the College's tuition and fees; average or median housing allowance; food allowance; books, course materials, supplies, and equipment allowance; transportation estimate; an estimate of miscellaneous personal expenses; and an average of federal student loan fees. Your "demonstrated financial need" is the difference between the Hendrix COA and your EFC.
Families may have unique situations not reflected on the FAFSA. The Office of Financial Aid can review your FAFSA information to address special or unusual circumstances through Professional Judgment. A special circumstance could include a change in financial situation not accurately reflected on the current FAFSA. An unusual circumstance could be a unique situation regarding a student’s dependency status as defined by the FAFSA. In either situation, please contact the financial aid office at student_aid@hendrix.edu or 501-450-1368 to discuss your situation and obtain further guidance.
Your family should make it a priority to complete the FAFSA. Some families incorrectly assume that they do not qualify for need-based assistance and skip this important step. The only way to make sure that you are eligible to be considered for need-based assistance at Hendrix is to submit the FAFSA.
*Need-based sources of financial aid include the Federal Pell Grant, Federal Supplement Educational Opportunity, Federal Subsidized Stafford Loan, Federal Work-Study, and Hendrix Aid Grant.