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 sum total of attendance at University of Alaska Anchorage can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can UAA provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from University of Alaska Anchorage.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at University of Alaska Anchorage, 79% of new full-time first-years were awarded at least some aid some 683 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $7,221 |
| Institutional grants & scholarships | 55% | $3,409 |
| Federal Pell grants | 30% | $5,368 |
| State/local grants | 45% | $4,068 |
| Federal student loans | 17% | $5,454 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At UAA, around 44% of undergraduate students received gift aid averaging $6,515 (across roughly 4519 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $6,515 |
| Federal Pell grants | 18% | $4,505 |
| Federal student loans | 14% | $6,691 |
On-campus students receiving title-IV aid were awarded grants averaging $8,795.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,649 |
| $30,001 – $75,000 | $12,729 |
| Over $75,000 | $19,311 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,301 |
| Off-campus title-IV students | $13,780 |
To project your own net price, use UAA’s online cost calculator: www.uaa.alaska.edu/financialaid/customcf/npcalc.htm.
The middle student in the debt distribution at UAA owes $11,231 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,231 |
| Median federal debt (graduates only) | $20,210 |
| Typical 10-year monthly payment (graduates) | $214.26/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at UAA.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,556 |
| 25th percentile | $4,750 |
| 75th percentile | $22,322 |
| 90th percentile (highest-debt students) | $37,491 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $11,222 |
| High income | $10,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,250 |
| Continuing-generation students | $11,068 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,103 |
| Independent students | $14,553 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. UAA.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at UAA:
| Metric | Value |
|---|---|
| Stafford loan recipients | 25442 |
| Total Stafford loan amount | $500,188,569 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 722 |
| Total GI Bill amount | $4,931,488 |
| Average GI Bill amount per recipient | $6,830 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 98 |
| Total DoD amount | $165,457 |
| Average DoD amount per recipient | $1,688 |
References
More about our data sources and methodologies.