The state of Alaska has several undergraduate, post-graduate and career-specific loan programs available to students. These are called the Alaska Advantage Programs. These loans usually have lower interest repayment percentages than other sources of money. Some loans are eligible for all or partial forgiveness.
For example the A.W. “Winn” Brindle Memorial Scholarship Loan provides money to students enrolling in fisheries programs. It is a loan that turns into a 50% paid scholarship if a person after graduation is employed in a fisheries-related field in Alaska.
The Teacher Education loan program is another loan that becomes a 100% paid scholarship if the person comes back to teach in rural Alaska for five years. Go to this web site for the most comprehensive look at state sponsored loan programs.
Free Application for Federal Student Aid -FAFSA-
This form is often required for anyone planning to apply for local scholarships or Alaska student loans. Individuals need to submit their applications between January 1 and April 15th in order to be eligible for up to $4,000.00 in free federal student aid.
The FAFSA can be applied for and submitted online. Look for Conferences and Training on our web page, click FAFSA on the Web to see the 2008 LKSD FAFSA presentation with Andrea VanRavenswaay of the Alaska Commission on Post-Secondary Education. The deadline for Alaska FAFSA applications is April 15th.