Alaska Education Grant (AEG)

Alaska Education Grant (AEG) is sponsored by Alaska Commission on Postsecondary Education. Need-based financial aid for eligible Alaska students attending qualifying postsecondary institutions in Alaska.

Alaska Education Grant (AEG) | Financial Aid for Alaska Students Alaska Education Grant (AEG) | Alaska Commission on Postsecondary Education (ACPE) The Alaska Education Grant (AEG) provides need-based financial aid to eligible Alaska students attending qualifying postsecondary educational institutions in Alaska. AEG awards range from $500 to $4,000 per academic year.

FAFSA (Free Application for Federal Student Aid) is required in order to receive AEG. To qualify for AEG, a student must have demonstrated financial need. Financial need is reflected by the Student Aid Index (SAI) as shown on the FAFSA.

AEG awarding criteria is prioritized by being a prior year recipient, date of FAFSA submission, and enrollment level (full-time vs. part-time) certified by the student's institution or training provider.

Participating Alaska Institutions Below is a list of qualified Alaska institutions and training providers where you can utilize AEG funding: Alaska Pacific University AVTEC - Alaska's Institute of Technology Charter College - Anchorage Embry - Riddle Aeronautical University University of Alaska Anchorage (UAA) and all branch campuses University of Alaska Fairbanks (UAF) and all branch campuses University of Alaska Southeast (UAS) and all branch campuses AEG Statutes & Regulations Created by the Alaska Legislature, AEG is funded by the Alaska Higher Education Investment Fund (HEIF) and administered by ACPE.

The rules that govern the AEG and its administration can be found in Alaska Statute 14. 43. 400 – 14.

43. 420 ; 14. 43.

910 – 14. 43. 990 and Alaska Regulations 20 AAC 16.

005 – 20 AAC 16. 040 . Each year, ACPE publishes the Alaska Higher Education Almanac.

In it, you can find current and historical data about AEG, including overall award amounts, recipient student demographics, and more. To review the most recent Almanac and other ACPE publications, visit acpe. alaska.

gov/reports.

To qualify for an Alaska Education Grant a student must: Be an Alaska resident for at least 365 days prior to filing the FAFSA, and be a U.S. citizen or permanent resident Have a high school diploma or GED Be admitted into an undergraduate degree or vocational certificate program at a qualifying Alaska institution Be enrolled at a minimum of a half-time status Not have earned a prior baccalaureate degree Meet satisfactory academic progress requirements per institution guidelines The Free Application for Federal Student Aid (FAFSA) is the application for the AEG.

You must select at least one qualifying Alaska Institution of higher education at the time of your FAFSA filing to be considered for the AEG. Students need to apply each year they are attending a postsecondary program if they wish to be considered for AEG. ACPE encourages students to apply early for award prioritization.

In addition to meeting the eligibility requirements described above, students must be enrolled at least half time at a participating Alaska postsecondary institution. Your school must certify your enrollment eligibility for the AEG award at the beginning of each academic year. Grants are awarded to eligible applicants in order of highest financial need until all available funds are exhausted.

Not all eligible students will receive an AEG, and receiving a grant in one year does not guarantee you will receive it in future years. You can monitor your AEG application and eligibility status through your Alaska Student Aid Portal (ASAP) account.

Complete the FAFSA as early as possible because awarding is based on FAFSA submission date Institution & Training Providers Verify your institution or training provider participates in AEG To receive AEG, you must be admitted & enrolled at least part-time as certified by the institution Alaska Student Aid Portal Create your ASAP Account to track your eligibility & awarding progress The Free Application for Federal Student Aid (FAFSA)