Financial Aid

(907) 786-1480
www.uaa.alaska.edu/students/financial-aid

Financial aid is available to qualified students at the University of Alaska Anchorage. Financial aid is any grant, scholarship, employment opportunity or loan with the express purpose of assisting students with expenses related to their education. The main sources of financial aid are the federal government, state government, private organizations and the University of Alaska. Types and amount of financial aid vary according to federal and state guidelines, student needs, and availability of funds. For detailed descriptions of available financial aid programs, eligibility requirements and application procedures, please visit the Office of Financial Aid website.

Federal Financial Aid Application Procedures

Students interested in receiving financial aid to help fund their UAA education should apply at least six months before the beginning of the semester for which they plan to attend in order to allow sufficient processing time. Basic procedures are as follows:

  1. New students must apply for admission to UAA through the Office of Admissions by the appropriate deadline.
  2. Submit a Free Application for Federal Student Aid (FAFSA) online. Be sure to include UAA’s school code: 011462.
  3. Submit any additional documentation, if requested, to the Office of Financial Aid. The U.S. Department of Education and the Office of Financial Aid selects certain applicants for a verification process. Students selected for verification must submit requested documents; if they are not received, federal financial aid cannot be awarded. Certain types of state and institutional aid also require verification to be complete before awarding and/or disbursement can occur.
  4. Students who wish to apply for UAA scholarships may complete an online application available on UAOnline.
  5. Students who wish to apply for Bureau of Indian Affairs grants or scholarships should contact the BIA or their Native regional corporation for applications.
  6. For more detailed instructions, see the financial aid checklist available from the Office of Financial Aid.

Financial Aid Eligibility

To receive most financial aid, including all federal aid, a student must:

  1. Be fully admitted to an eligible degree or certificate program;
  2. Demonstrate financial need for federal assistance as determined by the FAFSA (except for certain loan programs);
  3. Meet satisfactory academic progress as defined by student financial aid regulations;
  4. Have a high school diploma or its equivalent;
  5. Be a U.S. citizen or eligible noncitizen;
  6. Have a valid Social Security number;
  7. Register with Selective Service, if required;
  8. Certify that they are not in default on a federal student loan and do not owe money on a federal student grant;
  9. Certify that they will use federal student aid only for educational purposes; and
  10. Enroll in degree-applicable credits.

Types of Financial Aid

www.uaa.alaska.edu/students/financial-aid/aid-types.cshtml

Grants

Grants are financial aid awards that do not need to be repaid as long as the student meets academic progress requirements of the granting agency.

Federal Pell Grant

The Federal Pell Grant makes funds available to eligible students with financial need. In addition to the eligiblity criteria above, to be eligible for a Federal Pell Grant, students must not have earned their first baccalaureate degree or have used more than 12 full-time equivalent semesters of Federal Pell Grants during their lifetime.

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG program is similar to the Federal Pell Grant program and can provide additional assistance to students with financial need and who are eligible for the maximum Federal Pell Grant. FSEOG funds are limited, so we encourage students to submit their FAFSA as early as possible.

University of Alaska Completion Grant

The UA Completion Grant provides assistance to undergraduate students to facilitate and incentivize accelerated graduation. Students will be awarded based on their financial need, enrollment and progress toward degree.

Alaska Education Grant (AEG)

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

Bureau of Indian Affairs (BIA)

The BIA makes grants available to eligible full-time students. Applicants must be at least one-quarter Alaska Native or American Indian. For further information, contact the local BIA area office or the Native regional corporations.

Scholarships

Institutional Scholarships

Scholarships are usually awarded for academic achievement or talent. Students interested in applying for institutional scholarships should do so via UAOnline. Students should visit the UAA scholarship website for additional information and to view scholarship listings. The majority of scholarships at UAA have an application deadline of February 15 for the upcoming school year. Students should also check with their academic department regarding departmental scholarship opportunities.

Alaska Performance Scholarship (APS)

The APS is a state scholarship that provides an opportunity for Alaska high school students to receive help covering the cost of an Alaska postsecondary education. Alaska high school students who take a rigorous curriculum, get good grades and score well on college placement or work ready exams can earn an APS for use at UAA. Students can receive the APS for a maximum of eight semesters within six years of graduation from high school. Continued eligibility is based on academic progress, enrollment status, other need-based financial aid resources, cost of attendance and minimum GPA requirements. Students must complete a FAFSA every academic year by the state's June 30 deadline.

Private Scholarships

Private scholarships are provided by donors outside of the university. Such awards may range from a few hundred dollars given by a local service organization to several thousand dollars awarded by a foundation. The Internet is one of the best ways to find private scholarship opportunities. There are free scholarship search engines and private scholarship opportunities listed on UAA's scholarship website.

Student Employment

The University of Alaska provides employment opportunities for qualified students. Student employment will normally not exceed 20 hours per week during a semester. For information on eligibility criteria for student employment, refer to the UAA Student Employment Guidelines and Procedures.

Federal Work-Study Program

The Office of Financial Aid awards federal work-study to eligible students who express interest on the FAFSA. Federal work-study is based on financial need, as determined by the FAFSA. Students offered federal work-study are not guaranteed employment. Available employment positions are posted on alaska.edu/jobs and students must use this website to apply for the work-study positions that they are interested in. There is usually no work-study money appropriated for the summer. All summer student employee jobs are primarily department-funded.

Career Services Center (CSC)

Students seeking employment off campus can find opportunities through the CSC. Government, corporate and private sector employers contact the CSC daily to post job opportunities. Student internships may also be obtained through CSC. Through its student internship services, the CSC provides qualified students the opportunity to earn credit in their major while gaining work experience in a paid position. This service provides guidance to students through developed learning objectives and faculty participation. For more information, see the CSC website or call (907) 786-4513 or the hotline at (907) 786-4545.

Human Resource Services (HRS)

HRS advertises full-time, part-time, regular, term and temporary positions at UAA on alaska.edu/jobs.

Applicants needing reasonable accommodations to participate in the application or interview process should contact the recruitment manager in HRS at (907) 786-4608.

Graduate Assistantships

Minimum qualifications for graduate assistantships are a baccalaureate degree from a college or university of recognized standing with a grade point average (GPA) of at least 3.00 (B) and formal admission to a UAA graduate program. Foreign students whose native language is not English must score at least 600 overall on the Test of English as a Foreign Language (TOEFL) and at least 190 on the Test of Spoken English.

Graduate assistants are assigned responsibilities requiring approximately 20 hours per week. They receive stipends of varying amounts. Semester tuition scholarships may also be available based on full-time attendance (9 credits). Graduate assistantships are awarded in spring for the upcoming academic year. For additional information and applications, contact the appropriate dean’s office.

Loans

Student loans are designed to help students pay for educational costs such as tuition, fees and related living expenses. As with any loan, students should be conservative and only borrow what they absolutely need. Student loans must be repaid with interest, under the terms of the master promissory note (MPN). Education loans come in three major categories: federal student loans, federal loans for parents, and private alternative loans. For more information on student loans, visit the $avvy $eawolf Loan Zone website

Federal Direct Loans

The Direct Loan Program enables students to borrow directly from the U.S. Department of Education. To qualify, a student must complete the FAFSA. Students must be enrolled at least half-time in order to receive a disbursement. Other eligibility requirements are listed on the Office of Financial Aid website.

  • Federal Subsidized Student Loan: This is a need-based loan in which the federal government pays the interest while the student is attending postsecondary education at least half-time and for six months after graduation or after the student leaves school. There are annual and aggregate (i.e., lifetime) limits on subsidized student loans, including a limit on students receiving subsidized loans for a time period greater than 150% of the time required to complete their degree program. 
  • Federal Unsubsidized Student Loan: This loan is not a need-based loan, meaning that all eligible students qualify regardless of financial need. Interest accumulates on these loans from the time they are disbursed to the student's account. There are annual and aggregate (i.e., lifetime) limits on unsubsidized student loans.
  • Federal Direct PLUS Loan for Graduates: PLUS loans are federal loans that graduate or professional degree students can use to help pay educational expenses. The maximum loan amount is the student's cost of attendance minus other financial aid received.
Federal Direct Parent PLUS Loans

Parents can borrow for their dependent student’s educational costs. The maximum loan amount is the student's cost of attendance minus other financial aid received. Completion of the FAFSA is required to borrow a PLUS loan. The interest on the PLUS loan begins to accrue with disbursement. Payments usually begin 60 days after the loan is fully disbursed.

Alternative Private Loans

An alternative private loan is a personal loan from a bank that is used for educational expenses. These loans are often used as a supplement to a student's existing financial aid package so Federal Direct Loans should be maximized before applying for an alternative private loan. Many alternative loans may be deferred until graduation; some may require interest payments while the student is still enrolled. Interest rates, origination fees, repayment options, and other terms and conditions of alternative private loans will vary so it's important that students research alternative private loan options carefully. Once a lender is selected, the student must complete an application and MPN for each alternative loan requested.

Emergency Loan Fund (ELF)

Thirty-day loans are available to students who can document extenuating need. An admitted full-time student making satisfactory progress may borrow a maximum of $600 for up to 30 days. A $10 administrative fee is charged. Students may receive one ELF per semester subject to the approval of the Office of Financial Aid and the Accounting Services Financial Aid Disbursements office.

Satisfactory Academic Progress (SAP)

In order to receive financial aid from any of the federal, state or institutional aid programs, a student must maintain satisfactory academic progress (SAP). SAP requirements include minimum cumulative GPAs, minimum cumulative completion ratios, and completion of a degree or certificate within a maximum time frame.  For more information and specific requirements view the complete SAP policy.

Financial Aid SAP Appeal Policy

Students with extenuating circumstances who wish to appeal for reinstatement of their financial aid must provide sufficient evidence to support their assertion that unusual circumstances prevented them from maintaining satisfactory academic progress. As part of the appeal process, students must meet with an academic advisor and have a degree plan created. If the appeal is approved, the student is placed on financial aid probation and must comply with the requirements of their academic plan, which includes maintaining a 100 percent term completion ratio (i.e., successfully completing all classes attempted) and a term GPA over 2.00 for undergraduate students or 3.00 for graduate students. Failure to meet the terms of this academic plan will result in the loss of financial aid eligibility.

For more information, visit the SAP Appeal website

Return of Federal Financial Aid Policy

Students earn a portion of their financial aid every day they're enrolled in the semester. Students who withdraw from all classes prior to completing over 60 percent of the semester will have their financial aid eligibility recalculated based on the percent of the term completed. For example, a student who totally withdraws after completing only 30 percent of the term will have “earned” only 30 percent of any federal financial aid received. The school and/or the student must return the remaining 70 percent. A student thinking about withdrawing from classes should contact the Office of Financial Aid to see how the withdrawal will affect their current and future aid eligibility.

Students who drop all of their courses before the end of the add/drop period (also known as the financial aid census date) are not eligible for any financial aid unless they submit documentation of their attendance certified by their instructors. 

For more information see the Total Withdrawal policy on the Financial Aid Policies website.

Military & Veterans Student Services

(907) 786-6962
www.uaa.alaska.edu/students/veterans

UAA is approved to provide training to veterans, service members and eligible dependents of veterans. Students who plan to use the Department of Veterans Affairs (DVA) educational benefits must notify the UAA Military & Veteran Student Services team by submitting an online request for certification. Students using DVA educational benefits must apply for admission to a degree or certificate program at UAA. In accordance with federal regulations, UAA must report this information to the DVA, along with information regarding students’ enrollment, grades, academic progress, and eligible tuition and fee rates if the student is using the Post 9-11 G.I. Bill®. Only coursework that is applicable to the student’s current degree or certificate program is eligible for funding under DVA programs.

DVA students with previous college or university experience must have official transcripts on file with the university. Each student must request these transcripts from each previous institution when applying for admission to UAA. DVA may withhold benefits until this requirement is satisfied.