Financial Aid Resources


 

General Information

Student loans offered through the Federal government and the State of Alaska provide many students the opportunity to attain their educational goals and offset the cost of their education over time.

Grants and scholarships help eligible students pay for their education without incurring debt.

The Financial Aid Office assists students and prospective students in applying for state and federal aid programs. State and federal governments, the University, and many private organizations offer grants, scholarships, loans, and employment opportunities to students who demonstrate need for such assistance. Each student’s financial situation is carefully assessed, taking into consideration family size, assets, debts, income, and estimated costs of attending college. Types and amount of financial aid can vary according to state and federal guidelines, student need, and availability of funds.

Financial Aid Application Procedures

Interested students should apply for financial aid at least six months before the beginning of the semester for which they plan to attend. Applications received after this date will be considered if funds are available. Specific procedures are as follows:

  1. New students must first apply for admission to MSC or UAA through Admissions by the appropriate deadline.
  2. All interested students must complete a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov. Be sure to include UAA’s school code: 011462.
  3. Students who wish to apply for scholarships may complete an online application available at UAOnline.
  4. Students who wish to apply for Bureau of Indian Affairs grants or scholarships should contact the BIA or their Native regional corporation for applications.

Financial Aid Eligibility

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

  1. Be accepted for admission with no conditions in an eligible degree 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 you are not in default on a federal student loan and do not owe money on a federal student grant.
  9. Certify that you will use federal student aid only for educational purposes.

*Beginning July 1, 2012, there are strict new federal regulations regarding financial aid and individuals who have not graduated from high school or do not hold a GED. These regulations do not affect admitted degree-seeking students enrolled in classes prior to July 1, 2012. New students and non-degree-seeking students should refer to Chapter 7, Academic Standards and Regulations, and the sections entitled Admission and Financial Aid for Non-High School Graduates and Special Information for Home School Applicants for more information.

Federal Verification

The U.S. Department of Education selects certain financial aid applications for the verification process. The Financial Aid Office also verifies information on selected applications prior to students receiving financial aid awards. Copies of the following documents may be requested:

  1. Internal Revenue Service (IRS) tax transcripts
  2. Verification of household size
  3. Child support payments
  4. Verification of Supplemental Nutrition Assistance Program (SNAP) or food stamp benefits
  5. Verification of number of family members in college

Students selected for verification must submit the requested documents for all federal financial aid purposes. If documentation is 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.

Satisfactory Academic Progress

In order to receive financial aid from any of the federal, state or institutional aid programs, a student must maintain satisfactory academic progress toward his/her educational goal. Complete copies are also available at Student Services.