All institutions requesting to administer AlaskAdvantage Education Grant funds must:
- have an established institutional authorization or exemption status with the Alaska Commission on Postsecondary Education;
- be physically located in Alaska;
- enter into a program participation agreement;
- document participation in a method of electronic funds transfer approved by the commission;
- document compliance with state and federal statutes and regulations relevant to institutional financial, administrative, and academic capacity;
- provide periodic reports to the commission as needed by commission staff to reconcile and analyze grant program data;
- agree to verify and certify student eligibility for grant awards; and
- agree to allow commission staff to audit school records related to grant funding management and student eligibility determinations