AlaskAdvantage Education Grant
The Alaska legislature created the AlaskAdvantage Education Grant Program to provide need-based financial assistance to eligible Alaska students attending qualifying postsecondary educational institutions in Alaska. The program was specifically designed to set aside a portion of available grant funds as priority awards for applicants demonstrating exceptional academic preparation for higher education (as documented by top quartile SAT or ACT scores), and for otherwise eligible applicants enrolled in qualifying workforce shortage programs:
- allied health science
- community and social service
- teaching and paraprofessional education
- process industry/natural resources extraction industry
The AlaskAdvantage Education Grant is funded jointly by the Alaska Student Loan Corporation and the state's General Fund, and provides the state match dollars required for participation in the federal LEAP (Leverage Educational Assistance Partnership) program. Grant awards range from a minimum of $500 to a maximum of $3,000 per academic year for students who have qualifying unmet financial need.
Qualifying applicants will be prioritized based on financial need. Students with the highest financial need will be awarded in order of need until funds are exhausted. All applicants must complete a new Free Application for Federal Student Aid (FAFSA) each year.