Financial Aid

To assist you in your educational pursuits, we offer our students aid from various sources. Most of the aid, be it federal, state, or local sources, is awarded on a first-come, first-served basis. You are encouraged to apply early and let our Financial Aid office assist you in that process. We will provide you deadlines and keep you informed of the many opportunities to cover your expenses. Helping you fund your education at Philander Smith College is our business!


Office Hours: Monday - Friday, 8:30am - 5:00pm
Phone: (501) 370-5350
Fax: (501) 370-5357

Scanned Documents Only :

Mailing Address:
Philander Smith College
Office of Financial Aid
900 W. Daisy L. Gatson Bates Drive
Little Rock, AR 72202

The Office of Financial Aid is located on the 1st floor of the Cox Administration Building.

Financial Aid Resources


Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest.  Loans are legal obligations, so before you take out a student loan, think about the amount you’ll have to repay over the years. Borrow very little. Remember that you have to pay it back.  Figure out exactly how much you need to borrow.  Don't take extra money - even if they say you can.


Direct Stafford Loans, from the William D. Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education (the Department) at participating schools.


Parents of dependent students may apply for a Direct PLUS Loan to help pay their child's education expenses as long as certain eligibility requirements are met. To apply for a Parent PLUS loan, visit


In the event your Title IV aid does not cover your educational expenses here at Philander Smith College, we encourage you to do your research on private lenders and see what options are available to you. Please keep in mind that you always have the right and the option to borrow a private loan from any lender youdesire.  In all cases, please make sure that private loans are the loans of last resort for you and yourfamily. You should exhaust your loan eligibility through the Stafford Loan programs FIRST before youconsider borrowing through a private loan lender.


  • Entrance Loan Counseling

    • All Students wishing to borrow a student loan for the must complete an Entrance Loan Counseling session before loan proceeds are disbursed to the College.

  • Exit Loan Counseling All students who separate from the College must complete an Exit Loan Counseling session.


Federal Work-Study (FWS) provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the recipient's course of study.

Will I be paid the same as I would in any other job?

You'll be paid by the hour. No FWS student may be paid by commission or fee. Philander Smith College must pay you directly (unless you direct otherwise) and at least monthly. Wages for the program must equal at least the current federal minimum wage but might be higher, depending on the type of work you do and the skills required. The amount you earn can't exceed your total FWS award. When assigning work hours, your employer or financial aid administrator will consider your award amount, your class schedule, and your academic progress.

What kinds of jobs are there in Federal Work-Study?

If you work on campus, you'll usually work for your school. If you work off campus, your employer will usually be a private nonprofit organization or a public agency, and the work performed must be in the public interest.

Your school might have agreements with private for-profit employers for Federal Work-Study jobs. This type of job must be relevant to your course of study (to the maximum extent possible). If you attend a career school, there might be further restrictions on the jobs you can be assigned.

To learn more about the Federal Work Study program, please contact the Financial Aid Office at 501-370-5350.


PSC FAFSA School Code: 001103

The final version of the 2019-2020 Free Application for Federal Student Aid (FAFSA) is now available online at

An updated "FAFSA on the Web" worksheet is also available on the Federal Student Aid website. To request a paper copy of the FAFSA or for more information, call 800.4.FED.AID.

In all cases, a student should complete the online version of the FAFSA at to ensure accuracy and appropriate timing for submitting the FAFSA for Fall 2019. Be aware, the Department of Education has changed the look of their website. To ensure you are in the right spot, please click on the link above.

PSC FAFSA School Code: 001103


All students are required to maintain Satisfactory Academic Progress (SAP) while receiving Title IV assistance. Philander Smith College reviews SAP at the end of each Spring semester.