by our College Data Analytics TeamThe total cost of attendance at University of Alaska Fairbanks can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Discover the financial aid possibilities at UAF and learn what assistance you might qualify for by continuing to read.
$8,467.00 is the typical University of Alaska Fairbanks’s first year financial aid package. 91% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at University of Alaska Fairbanks.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by University of Alaska Fairbanks.
50% of incoming freshmen (267 total) were given scholarships at University of Alaska Fairbanks, averaging $5,274.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 81% of first years (435 total) were awarded federal grant aid, averaging $2,419.00 each.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.88% | $12,255.00 |
| Income 30k-48k | 7.24% | $10,042.00 |
| Income 48k-75k | 10.95% | $7,548.00 |
| Income 75k-110k | 11.69% | $7,659.00 |
| Income 110k + | 22.82% | $6,583.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
91% of the 539 undergraduates at University of Alaska Fairbanks receive some sort of grant aid. This is a total of about 483 students getting an average of $8,467.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.