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Alaska Education Grant

 Alaska Education Grant Program

The Alaska legislature created the Alaska Education Grant (AEG) program to provide need-based financial assistance to eligible Alaska students attending qualifying postsecondary educational institutions in Alaska. The grant is funded through the Alaska Higher Education Investment Fund, a source of long-term funding for the AEG program.

 

Get the program facts, start your education plan, and apply!

 

How much is the award?   

Grant awards typically range from $500 to $4,000 per academic year. Award criteria includes:

  • Financial need, determined by the student's Estimated Family Contribution (EFC) as shown on their Free Application for Federal Student Aid (FAFSA)
  • Prior academic year award recipient
  • Date of FAFSA filing
  • Enrollment level (full-time vs. half-time), as certified by the student's institution of attendance

To receive the maximum award, qualifying students must be enrolled in at least 15 credit hours for "On Time" enrollment status. Students with the highest financial need will be awarded in order of need until funds are exhausted.

A student may not receive more that a total of $16,000 in AEG award money over the course of their undergraduate education.

 

 

To qualify for an Alaska Education Grant a student must:

  • Be an Alaska resident for at least 365 days prior to filling the FAFSA, and be a U.S. citizen or permanent resident
  • Have a high school diploma or GED
  • Be admitted into an undergraduate degree or vocational certificate program at a qualifying Alaska institution
  • Be enrolled at minimum half-time status
  • Not have earned a prior baccalaureate degree
  • Meet satisfatory academic progress requirements per institution guidelines
 

 

 

The Free Application for Federal Student Aid (FAFSA) is the application for the AEG. You must select at least one qualifying Alaska Institution of higher education at the time of your FAFSA filing to be considered for the AEG.

Students need to apply each year they wish to be considered for an award. ACPE encourages students to apply early for award prioritization.     

Qualifying students - those who have completed the upcoming academic year's FAFSA and meet the initial eligibility requirements - will be sent an AEG Intent Form during the summer months. The Intent Form notification is sent via email.  Students who receive the AEG Intent Form notification must complete and return the Form within the timeline specified in the email.      

 

  • In addition to meeting the eligibility requirements described above, students must be enrolled at least half time at a participating Alaska postsecondary institution. 
  • Your school must certify your enrollment eligibility for the AEG award at the beginning of each academic year.
  • Grants are awarded to eligible applicants in order of highest financial need until all available funds are exhausted.
  • Not all eligible students will receive an AEG, and receiving a grant in one year does not guarantee you will receive it in future years.
  • You can monitor your AEG application and eligibility status through your Alaska Student Aid Portal (ASAP) account.    

 

 

Program Rules:

  • Alaska Statute 14.43.400 – 14.43.420; 14.43.910 – 14.43.990
  • 20 AAC 16.005 – 20 AAC 16.040

Alaska Education Grant data and reports can be found at https://acpe.alaska.gov/Reports.          

 

 

Alaska Postsecondary Institutions eligible to participate in the AEG program are:

  • Alaska Bible College
  • Alaska Career College
  • Alaska Christian College
  • Alaska Pacific University
  • Embry-Riddle Aeronautical University
  • Ilisagvik College
  • University of Alaska Anchorage (UAA) and all branch campuses
  • University of Alaska Fairbanks (UAF) and all branch campuses
  • University of Alaska Southeast (UAS) and all branch campuses
  • Wayland Baptist University – all Alaska campuses