Types of Financial Aid

The types of financial aid available for
University of Alaska Anchorage students are listed below.

 

 A Free Application for Federal Student Aid (FAFSA) is required to apply for all federal, state, and need-based institutional aid. For all State of Alaska grants and scholarships, your FAFSA must be submitted by June 30th prior to the beginning of the academic year.

General eligibility criteria for each type of financial aid type as well as award amounts is provided by following the links below.

 

Grants

Grants are financial aid awards that don't have to be paid back. A FAFSA is required to determine eligibility and are based on financial need.

Follow the links below to learn more about each grant:

Federal Pell Grants

Federal Pell grants are awarded to undergraduate students that have no prior bachelor's or graduate degree. The amount can change yearly and is pro-rated based on credit load. The amount of the Federal Pell Grant funds you may receive throughout your lifetime is limited by federal law to be equivalent of six years of funding. Since the maximum amount of Federal Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600%. 

Students who receive a Federal Pell Grant and receive an "F" or a "NB" grade in a class must have participated in an academic activity in the class or their Federal Pell Grant may be reduced and the student will be required to repay some of the Federal Pell Grant received for that semester.

Federal Supplemental Educational Opportunity Grant (FSEOG)

FSEOG may be awarded to undergraduate students that are attending at least half-time (6+credits). Funding is limited, therefore priority is given to Federal Pell Grant recipients with an Estimated Family Contribution (EFC) of zero. Priority is also based on the date that FAFSAs are received and processed- therefore, it's best to apply early.

Federal TEACH Grant

The TEACH Grant is available to eligible students who are completing or plan to complete course work needed to begin a career in teaching. Service obligations are required to maintain eligibility. If a student does not complete their service agreement, the TEACH grant will be converted to a Direct Unsubsidized Loan which must then be repaid with interest. For more information, visit the Federal Student Aid TEACH website.

Alaska Education Grant

The Alaska Education Grant (AEG) is a need-based grant offered by the State of Alaska. The deadline to apply is June 30th, although funding is limited so we encourage students to apply as early in the calendar year as possible. For more information, including eligibility criteria, visit ACPE's website.

University of Alaska Grant

This grant will not be offered as of the 2015/16 academic year. Please contact us if you have any questions about the University of Alaska Grant.

University of Alaska Completion Grant:

This is a new grant available for the 2015/16 academic year. Eligibility criteria will be posted shortly.

 

Federal Work Study: 

Federal Work Study is designed to provide jobs to students to help them meet their educationally related expenses.To be eligible for Federal Work Study, a student must complete a FAFSA and demonstrate financial need. Both graduate and undergraduate students may be eligible if they are enrolled at least half-time. Work study is taxable income but will not negatively affect your financial aid eligibility in future years. Since Federal Work-Study funding is limited, we award Federal Work Study to eligible applicants based on FAFSA application date- the earlier you apply, the more likely you are to receive Federal Work Study funds. If you are interested in a Federal Work Study position but were not offered it on your award letter, please contact us directly.

Visit UAA's Federal Work Study website for more information and instructions on how to apply for a work-study position.

Additional Federal Work Study information from the Federal Student Aid website.

 

Federal Direct Loans

Federal Direct Loans allow students and some parents to borrow money to help pay for educationally related expenses through loan programs supported by the federal government. Students that are eligible for a Federal Direct Loan will have it offered on their award letter. They will then have the opportunity to accept or decline all or part of the loan via UAOnline, as outlined on the Financial Aid Checklist.

We recommend that students maximize all grant and scholarship options before borrowing student loans. We also recommend only borrowing what is absolutely needed to cover the cost of education. For assistance with budgeting and student loan repayment, please visit our Loan Zone Website and consider making an appointment with our Financial Literacy Coordinator.

For more information on the following Federal Direct Loans offered to eligible UAA students, visit UAA's Federal Student Loan website:

Federal Direct Subsidized Loan

Federal Direct Unsubsidized Loan

Federal Direct Graduate PLUS Loan

Federal Direct Parent PLUS Loan

 

Alternative Loans

Alternative Educational Loans, also known as Private Educational Loans, consist of any student loan that is not a federal student loan. For more information on these loans, general application instructions, and important considerations, visit UAA's Alternative Loan website.

 

Scholarships

UAA Scholarships

UAA offers both need-based and merit scholarships. The deadline to apply is February 15th prior to the academic year for which you are seeking scholarships. Instructions are detailed on the UAA Scholarship Instructions website. Eligibility criteria varies by scholarship. A list of individual scholarships can be found on the UAA Scholarship website.

UA Statewide Scholarships

The University of Alaska Foundation has scholarships that all students can apply to regardless of which UA University they are admitted to. The application and deadline is the same as for UAA Scholarships. For more information visit the UA Foundation Scholarship website.

Alaska Performance Scholarship (APS)

APS is offered by the State of Alaska. For information including eligibility criteria visit ACPE's website. Students can monitor their eligibility status in their Alaska Student Aid Portal (ASAP) account. Award amounts cannot be finalized until the end of the add/drop period of every semester. UAA students should not expect their APS awards to be applied to their account until the second or third week of each semester.

UA Scholars Award

This is a merit-based scholarship that students qualify for based on their class standing in high school. For initial and continuing eligibility criteria, award information, and more, visit the UA Scholars Program website.

 

Tuition Awards

Academic Tuition Awards are awarded by many different departments and programs throughout the University. Please contact the department for which you would like to be considered for a tuition waiver or for more information. To be eligible for tuition awards, students must:

  • Be admitted into a degree or certificate program
  • Meet satisfactory academic progress requirements
  • Maintain a GPA of 3.0 for a graduate program, 2.8 for school and college awards for undergraduate students and 2.5 for administrative awards for undergraduate students
  • Have tuition charges for Anchorage campus courses

Combinations of tuition waivers or other payments that only cover tuition cannot exceed the total amount of tuition charged to the student.

The Office of Student Financial Assistance has limited tuition awards available. To apply, complete the Tuition Award Request Form available on the UAA Financial Aid Forms page.

Employee Tuition Awards

Employee tuition awards are processed by Accounting Services. Please contact them for more information regarding requirements and forms for employees