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Juneau Campus
Ketchikan Campus
UA Fairbanks
UA Anchorage
University of Alaska
Academic Catalog
Full Index
Important Regulations
Please read
1. Loans and grants will be disbursed after the first day
of class.
2. Attendance requirements and good standing must be maintained
to receive financial aid.
3. If you are obtaining financial aid, or if you are not
paying the full amount of your tuition and fees on the day of
registration, please request and fill out a Deferral Agreement
Form and have a co-signer complete the requested information.
For those receiving financial aid who have proof that aid is forthcoming,
the co-signer information is not required. A copy of your scholarship
award letter can be substituted for the co-signer. You will be
expected to pay any fees less your financial award on the day
of registration. With a co-signer's signature, you may pay half
or more of the amount owed on the day of registration; the other
half is due approximately 6 weeks later. Nonpayment of fees places
a hold on your grades; no transcripts or certificates can be issued
until all fees are paid.
4. Due to the nature of federal and state regulations,
financial aid checks may take longer than expected to process
and the final amounts may differ from early estimates.
5. Most award checks cannot be dispersed until you have
completed the application process and have been admitted to a
degree program.
6. Some award checks must be sent back if admissions applications
are not completed within a specified time period. Complete the
application process as soon as possible.
7. Dropping a course could reduce your financial aid awards.
If you are receiving financial aid, always contact an advisor
before dropping a course.
8. Dropping from full-time status (12 credit hours or more)
to part-time status (under 12 credit hours) WILL affect your financial
aid status. Contact an advisor for details.
9. If you receive financial aid after the midpoint of the
semester, you must be making satisfactory progress in each class
in which you are enrolled at the time your aid is received. This
includes meeting attendance requirements.
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An Introduction to
Financial Aid
Financial aid helps make college affordable.
It can help pay for tuition and fees, books and supplies and living expenses.
The Financial Aid Office on each campus assists students in applying for
funds if necessary to attend UAS. 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, income, debts, and estimated costs
of attending college. Type and amount of financial aid varies according
to state and federal guidelines, student need, and availability of funds.
All applications for financial aid for students at all campuses are processed
in Juneau.
ELIGIBILITY
To be considered for financial aid, including Federal grants and loans,
Alaska Student Loans, and institutional grants and scholarships, a student
must:
1. Have a high school diploma
or equivalent;
2. Be formally admitted to a program
leading to a degree or certificate at UAS;
3. If applying for federal need-based
assistance, demonstrate financial need as determined by the Free Application
for Federal Student Aid (FAFSA);
4. Maintain satisfactory academic
progress in his/her course of study; and
5. Not be in default on any federal
Title IV loan (Stafford, FSLS or Perkins) or owe a refund on any federal
Title IV grant or loan (Pell, FSEOG, SEIG or Perkins).
APPLICATION PROCEDURES
Students must apply each year for financial aid. Students should contact
the Financial Aid Office for a UAS Financial Aid Brochure and application
materials. Send requests for information to 11120 Glacier Hwy, Juneau,
AK 99801-8680 or phone (907)-465-6255. Application deadlines vary, so
apply early.
TYPES OF AVAILABLE AID
GRANTS
Grants are awards which do not need to be repaid as long as the student
meets the academic progress requirements of the granting agency.
Bureau of Indian Affairs (BIA): The
Bureau of Indian Affairs makes grants available to eligible full-time
students who are Alaska Native or American Indian. For further information
and application materials, contact the local BIA area office or your Native
Regional Corporation.
Federal Pell Grant: The Federal Pell
Grant program funds eligible students with financial need as determined
by the Free Application for Federal Student Aid (FAFSA). To receive a
Pell Grant, a student must be working toward his/her first bachelor’s
degree, and may be attending on a less than half-time basis.
Federal Supplemental Educational Opportunity
Grant (FSEOG):
The Federal Supplemental Educational Opportunity Grant (FSEOG) program
is similar to the Pell Grant program and can provide additional assistance
to students with financial need. A student must be working toward his/her
first bachelor’s degree, may be attending on less than half-time
basis, and must have financial need as determined by the Free Application
for Federal Student Aid (FAFSA). Funds for the FSEOG program are limited.
The priority deadline is June 1, for the next school year. Applications
received after that date may be considered throughout the school year
if funding is available.
SCHOLARSHIPS
Scholarships are awarded for academic achievement, leadership potential,
extracurricular involvement and/or financial need. Students interested
in applying for scholarships should contact the Campus Financial Aid Office
for guidelines and applications. (See deadline schedule listed earlier.)
In Sitka and Ketchikan applications are available through the Student
Services Office.
LOANS
Loans for college costs are monies that must be repaid. Educational loans
generally have long-term repayment schedules, offer low interest rates,
and often have provisions for deferring payments. Some loans are based
on residency in Alaska while other loans are based on financial need.
Prior to applying for a loan, students should consult with the Financial
Aid Officer regarding repayment requirements and payback periods.
Alaska Family Education Loan Program:
A full-time admitted student in academic good standing whose parent or
guardian has been a resident of Alaska for the one year prior to applying
may be eligible to receive assistance through the Alaska Family Education
Loan program. The parent is responsible for repayment of the loan, which
begins within 45 days of each loan disbursement. In addition, the student
must be formally admitted to a degree or certificate program and maintain
full-time status in academic good standing. Applications and details are
available from the Financial Aid Office or from the Alaska Commission
on Postsecondary Education (ACPE).
Federal Family Education Loan Program (Stafford
Loans):
This is one of the Federal Department of Education’s major forms
of self-help aid. FFEL loan funds are provided by a participating bank,
credit union, or other lender.
Stafford Loans are either subsidized or unsubsidized. A subsidized loan
is awarded on the basis of financial need as determined by the analysis
of the Free Application for Federal Student Aid (FAFSA).
Interest is not charged until the borrower enters repayment or during
authorized periods of deferment. Eligibility for an unsubsidized loan
is not related to financial need. Interest on unsubsidized loans is charged
from the time the loan is disbursed until it is paid in full (the borrower
may elect to accumulate and capitalize the interest while s/he is in school).
A student may be eligible to receive a subsidized and an unsubsidized
loan for the same enrollment period. Students interested in obtaining
a Stafford loan should contact the Financial Aid Office on the Juneau
campus for information on eligibility requirements, interest rates, deducted
fees and payback requirements. Additional information can also be obtained
from the Federal Student Aid program’s website at: http://www.ed.gov/offices/OPE/Students.
An “entrance interview” is required for all Federal loan recipients.
Students may fulfill this requirement by accessing the following website:
http://mapping-your-future.org/services/oslcidx.htm and completing the on-line entrance interview.
PLUS Loans (loans for parents):
PLUS loans enable parents with good credit histories to borrow to pay
the educational expenses of each child who is a dependent undergraduate
student enrolled at least half time. Parents interested in obtaining a
PLUS loan should contact the Financial Aid Office on the Juneau campus
for information on eligibility requirements, interest rates, deducted
fees and payback requirements. Additional information can also be obtained
from the Federal Student Aid program’s website at: http://www.ed.gov/offices/OPE/Students.
TAX CREDITS
The Hope Scholarship Credit is a credit
against tax liability that may be claimed only for amounts spent on qualified
tuition and expenses at an eligible institution that are not covered by
other assistance. It is available only for the first two years of postsecondary
education, if the student is enrolled at least half-time in a program
leading to a degree or certificate, and if the taxpayer’s adjusted
gross income is below a specified amount.
The Lifetime Learning Credit is also
a credit against tax liability that may be claimed only for amounts spent
on qualified tuition and expenses at an eligible institution that are
not covered by other assistance. However, to receive this credit students
are not required to be enrolled at least half-time in one of the first
two years of post-secondary education and there is no limit on the number
of years in which the credit may be claimed for each student. The Lifetime
Learning Credit is available for students taking only one course and for
graduate level education. Unlike the Hope Scholarship Credit, the Lifetime
Learning Credit is calculated on a per family, rather than a per student,
basis. More than one family member’s expenses may apply, but the
credit is capped at a per family limit based on family income. For additional
information, consult your tax advisor, or contact the IRS.
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