$4,328

Avg. Federal Grant

$4,850

Avg. Federal Loan

$19,312,466

Total Aid Awarded

The University of Alaska Fairbanks (UAF) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

45%

Total Aid Amount Average Total Aid Awarded per year.

$19.312M

Financial Aid Official Website

www.uaf.edu/finaid/

As many as 88% of the students at UAF get some sort of financial aid, and the total amount of assistance/loans provided is more than $9,202,400 in a year. One can visit UAF's financial aid page at http://www.uaf.edu/finaid/ for more information. The total percentage of candidates applying to University of Alaska Fairbanks who receive the Federal Grant is 31%. In comparison, 78% of the students are awarded the Student Grant, 42% get the Institution Grant, and 31% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,794, the State Grant receivers and Institution Grant beneficiaries get $5,131 and $4,876, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,884. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of Alaska Fairbanks, the percentage of candidates who opt to avail of student loans is around 30%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

56%

Institution Grant Aid

39%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,328

State Grant Aid

$4,566

Institution Grant Aid

$4,459

Pell Grant

$4,207

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,144

$30,001 - $48,000

$9,292

$48,001 - $75,000

$6,562

$75,001 - $110,000

$5,191

Over $110,000

$3,132

Student Loans for The University of Alaska Fairbanks (UAF)

Average Loan Amount Average Loan Amount received per year.

$6,851/Year

Students Taking Out Loans

31%

Loan Default Rate

10.7%