$5,483

Avg. Federal Grant

$5,111

Avg. Federal Loan

$2,685,625

Total Aid Awarded

Alaska Pacific University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$2.686M

Financial Aid Official Website

www.alaskapacific.edu/apply/financial-aid/

It is interesting to note that almost every student at APU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,007,236. One can visit APU's financial aid page at http://www.alaskapacific.edu/apply/financial-aid/ for more information. At APU, the total percentage of applicants who receive the Federal Grant stands at 56%. In comparison, 86% of the students are awarded the Student Grant, 86% get the Institution Grant, and 56% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,800, and the same stands at $2,576 for State Grant awardees and $10,180 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,300. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $17,846 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $16,724 and $11,452, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $11,488. And, for those with a family income of more than $110,000, the amount stands at $11,700. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Alaska Pacific University, the percentage of candidates who opt to avail of student loans is around 44%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

38%

Institution Grant Aid

94%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,483

State Grant Aid

$3,460

Institution Grant Aid

$11,865

Pell Grant

$5,233

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$16,397

$30,001 - $48,000

$20,350

$48,001 - $75,000

$11,856

$75,001 - $110,000

$11,215

Over $110,000

$7,314

Student Loans for Alaska Pacific University

Average Loan Amount Average Loan Amount received per year.

$5,736/Year

Students Taking Out Loans

63%

Loan Default Rate

5%

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