2004-2005 UAF Catalog  

Financial Aid

Who Can Apply

Many UAF students use some kind of financial aid to help pay for their university education. You can apply for financial aid if you’re a U.S. citizen or eligible non-citizen and are admitted or plan to be admitted to the university. Students holding a F-1 or J-1 visa are not eligible to apply for federal or state financial assistance, but may apply for UAF scholarships, fellowships, assistantships and some work programs.

Financial aid can help pay for tuition and fees, books and supplies, and living expenses. It provides access to higher education by offering a way to meet the costs, and it allows students to persist in completing their educational objectives.

The terminology used to decribe financial aid requirements and the processes for applying and receiving aid may be unfamiliar. The glossary defines many of these terms.

Who Receives Financial Aid

Most full-time UAF students receive financial aid. Part time students can receive some type of financial aid; however, major programs require full-time enrollment. Full-time enrollment for undergraduate students is 12 or more credits each semester, and 9 or more credits each semester for graduate students.

To receive any financial aid, you must:

  1. be admitted to UAF by the Office of Admissions;
  2. be enrolled in a UAF program leading to a degree, diploma or certificate;
  3. be making satisfactory academic progress toward your educational goal; and
  4. submit an application to the proper agency administering the financial aid programs.

How to Apply for Financial Aid

Applicants must complete the Free Application for Federal Student Aid (FAFSA), Alaska Student Loan Application, UAF scholarship applications, and federal Loan Promissory Note. You may be required to submit other documents before you receive aid. The forms needed to apply for federal, state and UAF financial aid programs are available at the UAF financial aid office or at the financial aid website: www.uaf.edu/finaid/.

Throughout the school year you may apply for federal Pell Grants, federal Supplemental Grants, federal loans, federal work study, Alaska Supplemental Education Loan and various UAF scholarships.

How Eligibility is Determined

The process of determining eligibility for financial aid begins when a student submits a completed application and necessary documents. An analysis of a student’s ability to pay is compared with UAF’s standard expense budget or estimated UAF living expenses. If the amount of money available to the applicant is less than total estimated UAF expenses, a financial need exists and the student is eligible for aid.

Costs of Attending UAF

Estimated expense budgets for a typical full-time undergraduate student for the school year:

Estimated UAF Living Expenses

Single student living alone off campus
Single student living in UAF residence hall
Tuition and fees*
Books, supplies
Room and board

* Estimate shown includes Alaska resident tuition costs, estimated course and lab fees and student life, technology and health center fees. Add $6,930 for non-resident tuition. Graduate students add $831 for resident or $4,989 for non-resident tuition. Costs are subject to change.

Standard budgets do not always fit everyone. The financial aid office will try to provide methods of covering unusual expenses such as medical bills, special child care or emergency items. Since eligibility is based on prior year income, you may request a review of your eligibility if your income changes from loss of job, divorce, death or disability.

Grants, Scholarships and Fellowships

Grants are usually based on financial need, whereas scholarship awards are based on academic achievement and promise as well as financial need. These types of aid do not have to be repaid. Most grants and scholarships are designed for undergraduate students.

  • University of Alaska Scholars Program
    UA Scholars are exceptional graduates of Alaska high schools who are offered a unique opportunity to attend the University of Alaska with an eight semester scholarship of $1,375/semester. The UA Scholars Program encourages Alaska’s brightest high school graduates to pursue their advanced education in the 49th state. Alaska high schools designate the top 10 percent of the junior class as of June of the junior year for the UA Scholars Award. UA Scholars may use their awards at any of the UA system campuses. The award may also be applied to costs of qualified student exchange programs. Contact the UA Scholars coordinator at the Office of Admissions at (907) 474-7500 or 1-800-478-1823.
  • Chancellor’s Scholarship
    This award is available to high school students transitioning to college for the first time. A UAF application for admission, including the scholarship supplement form that is part of the application, must be submitted or postmarked no later than February 15 to be considered for this award. You may apply online at www.uaf.edu/admissions/ or at uaonline.alaska.edu. For more information contact the Office of Admissions at (907) 474-7500 or 1-800-478-1823.
  • Human Achievement Award
    Awards are for graduating high school seniors and transfer students who demonstrate a record of volunteerism, community service and a commitment to high academic standards. A UAF application for admission, including the scholarship supplement form that is part of the application, must be submitted or postmarked no later than February 15 to be considered for this award. You may apply online at www.uaf.edu/admissions or at uaonline.alaska.edu. For more information contact the Office of Admissions at (907) 474-7500 or 1-800-478-1823.
  • Talent Award
    Awards are for graduating high school or transfer students who have demonstrated talent in the area of music, theater, creative writing or art. A UAF application for admission, including the scholarship supplement form that is part of the application, must be submitted or postmarked no later than February 15 to be considered for this award. You may apply online at www.uaf.edu/admissions or at uaonline.alaska.edu. For more information contact the Office of Admissions at (907) 474-7500 or 1-800-478-1823.
  • UAF Privately Funded Scholarships
    Several hundred privately funded scholarships are available to all prospective and current students in a variety of academic majors. For information on specific scholarships visit www.uaf.edu/giving/scholarships/. A UAF application for admission, including the scholarship supplement form that is part of the application, must be submitted or postmarked no later than February 15 to be considered for most scholarships. Continuing students must complete the scholarship supplement form only. For more information contact the Office of Development at (907) 474-5372 or 1-800-823-4483.
  • University of Alaska Foundation Scholarships
    Scholarships are available for students attending any campus in the UA system. Applications are available in the UAF financial aid office or at the UA Foundation Office, 206 Butrovich Building. The deadline is February 14. For information telephone (907) 474-7687, e-mail sdfnd@alaska.edu, or visit www.alaska.edu/uafound/.
  • UAF Merit Scholarship
    This four-year scholarship is available to National Merit Finalists (as determined by the National Merit Scholarship Corporation) who have selected UAF as their first-choice institution. For information contact the Office of Admissions, P.O. Box 757480, Fairbanks, Alaska 99775, via telephone (907) 474-7500 or 1-800-478-1823, or online at www.uaf.edu/admissions/financial_aid/.
  • Army ROTC Scholarships
    ROTC scholarships are awarded to thousands of students annually on a competitive basis nationwide. The amount and length of the scholarships are based on the quality of the applicant. Scholarship awards range from $3,000 to $17,000 annually and may range from two to four years. In addition to tuition, each recipient receives $600 for books and supplies and up to $4,000 in spending money, tax free.
    For further information about the Army Scholarship program, eligibility requirements and the application process, contact the Department of Military Science at (907) 474-6852 or e-mail fyrotc@uaf.edu.
  • Native Corporation Scholarships
    Some regional and village corporations provide scholarships to shareholders. Contact your local corporation for details on eligibility and application procedures.
  • Graduate Fellowships
    Fellowships are available through the University of Alaska Foundation, the Graduate School and private organizations. A limited number of these awards are granted each year, and the amounts vary. For information, contact the UA Foundation, (907) 474-7687 or the Graduate School, (907) 474-7464, or visit online at www.uaf.edu/gradsch/.
  • Pell Grant
    The federal Pell Grant is a need-based grant available to undergraduate students to help pay college costs. Since this grant is based on financial need, students must complete the Free Application for Federal Student Aid (FAFSA). A federal processor will send applicants a Student Aid Report (SAR) indicating whether they qualify. Federal Pell Grants range up to $4,050 for the 2004–05 school year.
  • Federal Supplemental Educational Opportunity Grant
    This grant is for exceptionally needy undergraduate students. FSEOGs at UAF could range from $400 to $1,000 each year.
  • The Bureau of Indian Affairs (BIA) grants
    The BIA offers federal grants to undergraduate full-time students. Applicants must be at least one-quarter American Indian or Alaska Native. These grants supplement other financial aid and are based on financial need. Grants range from $50 to $3,000 or more each year. The average grant at UAF is $1,600. Further information on BIA grants can be obtained from the BIA Regional Office, 1675 C Street, Anchorage, Alaska, 99501-5198, telephone (907) 271-4115.
  • Western Undergraduate Exchange Award
    UAF participates in the Western Undergraduate Exchange (WUE) administered by the Western Interstate Commission for Higher Education (WICHE). Only new undergraduate degree applicants claiming residency in Arizona, Colorado, Hawaii, Montana, Nevada, New Mexico, North Dakota, South Dakota, Utah, Washington or Wyoming are considered for a WUE award that reduces non-resident tuition to 1 times the resident tuition rate. WUE award applicants must submit an application for admission and clearly mark their interest in WUE on the form. Priority deadline for reviewing WUE applications is February 15. For more information contact the UAF admissions office at 1-800-478-1823 or (907) 474-7500, or online at www.uaf.edu/admissions/.
    Note: Students attending any campus of the University of Alaska system under the Western Undergraduate Exchange (WUE) program are assumed to be receiving the benefit of reduced tuition because of their residency in a partner state. Therefore, time spent in WUE does not count toward the time required to establish residency in Alaska for tuition purposes. If students end their participation in WUE, they could begin establishing residency for tuition purposes as set forth in the UA Resident and Non-resident Tuition policy.

Graduate Assistantships

You must be admitted to a graduate program to receive an assistantship. Research and teaching assistantships are awarded to qualified graduate students by each department or program. For application information, contact the department or program directly. For additional information, see the Graduate Assistantships section.

Student Employment

Campus jobs help many UAF students pay college costs. Many student positions are available across UAF campuses, as well as the University of Alaska Statewide system offices in Fairbanks; over 1,000 students are employed in these jobs. Full-time student status is not required unless specified by a department. However, students who are less than full time are subject to FICA withholding, and departments that hire part-time student employees are subject to the applicable benefit rate charge.

Student employees may work up to 20 hours each week while classes are in session and up to 40 hours when classes are not in session. Pay rates are based on the job classification. The average pay varies from $300 to $500 each month. Since there is no "pool” for workers, students apply directly to the departments with position vacancies. Job announcements and information on how to apply for positions may be obtained from Career Services, fifth floor Gruening Building, (907) 474-7596, or from Human Resources, Administrative Services Center, (907) 474-7700.

The Federal Work Study (FWS) program provides jobs for graduate and undergraduate students with financial need. Job placement and working conditions are similar to regular student employment. To qualify for FWS, students must be eligible for federal financial aid as determined based on information provided on the required FAFSA form.


Loans represent a major source of assistance as you try to meet the full costs of your education. Educational loans generally have long-term repayment schedules and offer low interest rates. They often have provisions for deferring payments and may offer additional benefits related to financial need.

Any student who borrows money for college should understand the specific conditions and requirements regarding disbursements, deferments and repayment options. Students who fail to meet the conditions of the satisfactory academic progress policy may be denied all federal aid.

UAF participates in two types of federal student loans: the William D. Ford Federal Direct Loan provides loans from the U.S. Department of Education through UAF, and the Federal Stafford Loan provides loans from a lender such as a bank through a guarantee agency and UAF. Each program has subsidized and unsubsidized loans. Subsidized loans are for students who have financial need; the government makes interest payments on the loan while the student is in school, in grace period or in deferment. Unsubsidized loans are those for which the student is responsible for interest payments even while in school.

Students must be enrolled in at least 6 credits to qualify for a state or federal loan. Yearly limits for dependent students are $2,625 for first-year students, $3,500 for second-year students and $5,500 for upper-level undergraduates. Independent students may borrow, including the subsidized federal loan, up to $6,625 as first-year students, $7,500 as second-year students, and $10,500 as third- or fourth-year students. Graduate students may borrow $18,500, of which $8,500 can be a subsidized loan. The interest rate varies annually and is capped at 8.25 percent.

The table below outlines monthly payments over a 10-year repayment period. Loan repayment calculations are available at www.finaid.org.

Student Loan Repayment Schedule
Total Loan
Monthly Payments
8.25 Percent Interest
Total Repayment

The Federal Parent Loan for Undergraduate Students (PLUS) is a program for parents of dependent students. The cost of attending UAF determines the annual loan limits. A variable interest rate or finance charge, not to exceed 9 percent, is determined each year for the federal PLUS programs.

The Alaska Commission on Postsecondary Education (ACPE) offers both federal and state loan programs. These loans are available to all students attending UAF. Through its federal component, AlaskAdvantage offers Stafford (subsidized and unsubsidized) and PLUS loans. State loans include the Alaska Supplemental Education Loan (ASEL), the Family Education Loan, the Teacher Scholarship Loan, and the Winn Brindle Scholarship Loan.

Students seeking an Alaska Supplemental Education Loan (ASEL) must apply using the Free Application for Federal Student Aid (FAFSA) and the ASEL Master Promissory Note.

The ASEL loan can be used as a supplement to any other aid, provided the total amount of aid does not exceed a student’s calculated cost of attendance. ASEL approval also requires a student to have good credit. Undergraduates may borrow up to $8,500, and graduate students up to $9,500. Repayment begins no later than six months after the borrower stops attending school at least half time. The interest rate is variable and is made public every July. Interest is charged from the day of disbursement.

The Alaska Family Education Loan Program allows the student’s family to share the cost of the student’s education. A family member can borrow up to $8,500 for an undergraduate and up to $9,500 for a graduate student. The interest rate is 5 percent and the borrower begins repayment within 60 days of the final disbursement.

The Teacher Scholarship and Winn Brindle Scholarship loans can be used only for specific fields of study. For information on these two programs, please contact the Alaska Commission on Postsecondary Education (ACPE), 3030 Vintage Boulevard, Juneau, Alaska 99801, telephone (800) 441-2962, or web www.state.ak.us/acpe.

Applicants must apply each year and applications are available for all Alaska loan programs via the ACPE website or through their offices. UAF receives ACPE loan disbursements via electronic funds transfer (EFT). Loans are processed within 7–10 days from time of receipt at ACPE offices in Juneau or Anchorage and can be disbursed to a student’s UAF account within two days of receipt by the financial aid office.

Textbook loans are administered by UAF for enrolled students who have unexpected financial demands. These short-term loans allow students to borrow up to $500. Applicants are required to verify their need for the loan. They must be in good academic standing and have no outstanding debt with UAF. Applications are accepted year-around. A $10 service charge is assessed for each loan. Applications and additional information are available at the UAF business office.

Remaining Eligible for Aid

A student must be in "good standing” to receive financial aid. Aid will be suspended for any student who fails to complete the required credits with the minimum GPA or who exceeds the maximum number of semesters or credit hours. Undergraduates must earn a cumulative GPA of 2.0 or higher to be in good standing. Graduate students must earn a cumulative GPA of 3.0 or higher and must complete the courses as identified on their Advancement to Candidacy form. No students can receive financial aid for more than 12 semesters or if they have earned over 195 credits toward a bachelor’s degree (90 towards an associate).

Students may appeal the suspension of aid. Appeals must be in writing and must state the reasons for failure to maintain satisfactory standards of progress, as well as the steps he/she will take to meet those standards in the future. Appeals should be directed to the financial aid office, which will determine if the requirements for satisfactory academic progress will be waived. Academic progress requirements are subject to changes in federal or state law and institutional policy. A complete description is available at the financial aid office or at www.uaf.edu/finaid/.

Payment to the Student

Tuition, fees and all other amounts due to UAF at the time financial aid is released to the student must be paid before the balance of aid is released to the student. Disbursement is usually in equal amounts, one-half of the total award, at the beginning of each semester. All financial aid checks are released to students through the business office in Signers’ Hall. Students must present proper photo identification before the business office will release a check.

According to the Tax Reform Act of 1986, all scholarships, fellowships, and federal financial aid grants that, either individually or together, exceed the cost of tuition and related expenses are counted as taxable income. It is the student’s responsibility to report all such aid to the Internal Revenue Service.

Students who receive federal financial aid and totally withdraw from classes during a semester may be responsible for repayment of a portion of the federal financial aid received for that semester. The amount to be repaid is based on the number of class days attended before withdrawal compared to the total days in the semester and amount of federal aid received. If the withdrawing student is entitled to a refund of tuition and fee charges, all or part of the refund may be returned to the federal financial aid programs. The amount of a refund, repayment or return of federal financial aid is based on U.S. Department of Education regulations concerning return of federal financial aid. Any refund or repayment calculation exceeding the amount of refund determined by university policy will be charged to the student. Financial aid recipients are strongly encouraged to confirm the amount of any personal liability before processing a total withdrawal from classes.

Important Financial Aid Dates

  • January
    Apply for federal aid with the Free Application for Federal Financial Aid (FAFSA). It is best to apply well before the time you will need the financial aid.
  • February
    Apply for admission to UAF. Financial aid cannot be processed for students who have not been admitted to a UAF degree or certificate program.
  • February 15
    UAF scholarship application due. This application usually requires two to three weeks to complete, so applicants should start early.
  • May to August
    Submit Alaska Student Loan Application to Juneau or Anchorage or apply online at www.state.ak.us/acpe/.
  • May to July
    Submit federal loan applications to UAF financial aid office or apply online at www.uaf.edu/finaid/. Processing time is three to four weeks. If sent to UAF in time, loans will be disbursed during fee payment.
  • August 1
    Deadline for admission to UAF for the fall semester. This is an absolute MUST. UAF cannot process financial aid for students who have not been admitted.

Rights and Responsibilities of Accepting Financial Aid

As a financial aid recipient at UAF, you have the right to:

  1. Know what financial programs are available to you.
  2. Know how to apply, how eligibility is determined and what terms and conditions are related to your aid.
  3. Know how the university determines whether you are making satisfactory academic progress toward your degree and what happens if you are not making such progress.
  4. Request an explanation of your financial aid package, including what portion is gift and what portion must be repaid and the terms of repayment.
  5. Know the costs of attending UAF and the refund policy for students who withdraw.

To receive financial aid at UAF, you must:

  1. Complete all financial aid forms accurately and file them on time.
  2. Apply every year because financial aid is not automatically extended from year to year.
  3. Provide correct information on all applications and documents submitted.
  4. Read and understand all documents you sign. You should also keep copies for your records.
  5. Know the limits and conditions of financial aid programs.
  6. Notify the financial aid office of any change of address, name, marital status, attendance status, or receipt of additional financial awards.

Where to Get More Information

Office of Financial Aid
University of Alaska Fairbanks
Eielson Building, Room 101
P.O. Box 756360
Fairbanks, AK 99775-6360
E-mail: financialaid@uaf.edu
Online: www.uaf.edu/finaid/
Telephone: (907) 474-7256
Toll-free: 1-888-474-7256

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Last modified July 24, 2017 by University Relations Web Developer.