by our College Data Analytics TeamMost students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to University of Alaska Fairbanks can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will UAF provide, and just what are you going to be eligible for? Read on for answers. Keep going to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from University of Alaska Fairbanks.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At University of Alaska Fairbanks, 92% of entering full-time freshmen got some type of financial assistance (about 549 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $10,424 |
| Institutional grants & scholarships | 76% | $6,369 |
| Federal Pell grants | 31% | $5,480 |
| State/local grants | 48% | $5,260 |
| Federal student loans | 25% | $5,081 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, approximately 50% of the undergraduate population received grant aid that averaged $9,009 (covering around 2793 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $9,009 |
| Federal Pell grants | 22% | $4,639 |
| Federal student loans | 17% | $6,718 |
For on-campus title-IV students, average grant aid came to $11,515.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,702 |
| $30,001 – $75,000 | $9,039 |
| Over $75,000 | $15,232 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,892 |
| Off-campus title-IV students | $9,634 |
For a personalized estimate based on your family’s financial situation, use UAF’s net price calculator: uaf.edu/finaid/costs/net-price-calculator.php.
Graduating students at UAF carry a median federal student debt of $11,283 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,283 |
| Median federal debt (graduates only) | $20,291 |
| Typical 10-year monthly payment (graduates) | $215.12/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at UAF.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,500 |
| 25th percentile | $4,678 |
| 75th percentile | $21,901 |
| 90th percentile (highest-debt students) | $36,934 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,136 |
| Middle income | $11,191 |
| High income | $11,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,000 |
| Continuing-generation students | $12,989 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $13,250 |
These indicators are derived from the underlying debt data and summarize the overall picture at UAF.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at UAF:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13135 |
| Total Stafford loan amount | $278,117,107 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 348 |
| Total GI Bill amount | $2,307,260 |
| Average GI Bill amount per recipient | $6,630 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 212 |
| Total DoD amount | $407,764 |
| Average DoD amount per recipient | $1,923 |
References
More about our data sources and methodologies.