The Alaska legislature created the AlaskAdvantage Education Grant Program (AEG) to provide need-based financial assistance to eligible Alaska students attending qualifying postsecondary educational institutions in Alaska.
Beginning with the 2013-2014 school year, the grant is funded through the Alaska Higher Education Investment Fund, a new source of long-term funding for AEG and Alaska Performance Scholarship (APS) awards established in 2012 by the Alaska legislature.
How much is the award?
Grant awards typically range from $500 to $2,000 per academic year for students who have qualifying unmet financial need.
The Commission annually sets aside a portion of the available grant money as priority awards. Eligible applicants demonstrating exceptional academic preparation for higher education (by top quartile SAT or ACT scores), and those enrolled in workforce shortage programs can become eligible for a priority award of up to a maximum of $3,000. Current qualifying workforce shortage programs are:
- allied health science
- community and social service
- teaching and paraprofessional education
- process industry/natural resources extraction industry
Qualifying applicants will be prioritized based on financial need. Students with the highest financial need will be awarded in order of need until funds are exhausted.