Types of Available Aid

Grants

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

Federal

Federal Pell Grant: The Federal Pell Grant makes funds available to eligible students with financial need. To be eligible for 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 Grant during their lifetime.

Federal Supplemental Educational Opportunity Grant (FSEOG): The (FSEOG) program is similar to the Pell Grant program and can provide additional assistance to students with financial need and are eligible for the maximum Federal Pell Grant. FSEOG funds are limited.

Non-Federal

AlaskAdvantage Education Grant: The AlaskAdvantage Education Grant is a need-based program, with awards ranging from a minimum of $500 to a maximum of $4,000 per academic year, for students who have qualifying unmet financial need. All Alaska residents who complete the Free Application for Federal Student Aid (FAFSA) by June 30 of each year, and who list at least one qualifying Alaska institution of higher education, will be considered as having applied for the grant program. Qualifying applications are prioritized based on financial need.

Alaska Performance Scholarship: The Alaska Performance Scholarship was created in 2010 to improve high school performance and better prepare Alaskans for post-secondary education and career success. The APS can be used for up to eight semesters (four years) at any regionally accredited college or university in Alaska, or for approved career and technical education programs in the state. Even if students begin their studies out of state, they have up to six years after high school graduation to use the award to finish their education at a qualifying Alaska institution. To be considered for the APS, students must meet all high school course requirements, and complete the FAFSA by June 30 for the next school year.

Bureau of Indian Affairs (BIA): The Bureau of Indian Affairs makes grants and scholarships available to eligible students who are Alaska Native or American Indian. For further information and application materials, contact the local BIA area office or your regional Native Regional Corporation.