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.

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 $4,000 per academic year for students who have qualifying unmet financial need. Criteria determining award priority includes:

  • Financial need of the student, determined by their Estimated Family Contribution (EFC)
  • Date of filing the Free Application for Federal Student Aid (FAFSA)
  • Prior recipient of the AEG beginning 2015-2016
  • School enrollment at full-time vs. half-time status

Students with the highest financial need will be awarded in order of need until funds are exhausted. Students enrolled in 15 credits per semester may be eligible for an increased award amount. A student may not receive more than a total of $16,000 in AEG award money over the course of their education.


To qualify for an Alaska Education Grant a student must:

  • Be an Alaska resident and 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
  • Not have earned a baccalaureate degree
  • Meet satisfactory academic progress requirements
How to Apply

You are encouraged to complete the Free Application for Federal Student Aid (FAFSA) early for award prioritization. The latest the FAFSA may be filed to qualify for the AEG is June 30 each year. You must select at least one qualifying Alaska institution of higher education at the time of FAFSA filing.

When will I know if I was awarded the grant?

Qualifying Alaska postsecondary institutions will certify the eligible student's enrollment status when the academic year begins. At that time, students are provided an initial award notification. Once you have received notification of the award, you must contact ACPE to accept the grant.

Grants are awarded to eligible applicants in order of the highest financial need and the date the FAFSA was filed, until 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 account. For more information, contact your institution's financial aid office.