Financial Aid & Scholarships
Student Financial Aid
Before you start applying for financial aid, there are few basic requirements to consider:
- You must be fully admitted to PWSC to receive any financial aid.
- You must be admitted into a degree-seeking program or an eligible certificate program to receive any financial aid.
- You must submit your final high school transcript or equivalent qualification to receive any financial aid.
- Students accepting federal student loans must be registered for a minimum of six credits as an undergraduate student, or a minimum of five credits as a graduate student.
Interested students should contact the Office of Student Financial Assistance for information and applications. Students should submit applications at least six months before the beginning of the semester for which they are applying. Specific procedures are as follows:
- New students must first apply for formal admission to PWSC through the Office of Admissions by the appropriate deadline.
- All interested students must complete a Free Application for Federal Student Aid (FAFSA) and submit the application to the Department of Education, list UAA’s Title IV code on FAFSA (011462). We recommend you apply online at www.fafsa.gov.
- Students who wish to apply for a scholarship may complete an online application available in UAOnline at www.uaonline.alaska.edu.
- Students who wish to apply for Bureau of Indian Affairs grants or scholarships should contact the BIA or their Native regional corporation for applications.
Eligibility for Federal Aid
For all Federal Programs, the student must:
- Be a U.S. citizen, a national or other eligible non-citizen.
- Not be in default on any Federal Student Loan or owe a refund or repayment on a Federal Pell Grant, State Student Incentive Grant (SSIG) or Federal Supplemental Educational Opportunity Grant (FSEOG). This also applies to parents if applying for Federal PLUS loans.
- Have a valid Social Security number.
- Be enrolled or accepted for enrollment in an eligible degree or certificate program at PWSCC.
- Males over the age of 18 must comply with U.S. Selective Service registration requirements to be eligible for federal and state aid.
- Have a high school diploma from an accredited high school or GED.
- Meet Satisfactory Academic Progress (SAP) requirements as outlined in PWSC/University of Alaska’s SAP policy.
If you meet the above criteria, your first step in the application process is to complete the FAFSA at www.fafsa.gov
Steps to Receiving Your Financial Aid:
- Complete your FAFSA
- The first F in FAFSA stands for “Free.” You can fill it out online for free in under 30 minutes.
- Make sure you apply through FAFSA.ed.gov, and not FAFSA.com. FAFSA.com is a proprietary website that is not affiliated with the Department of Education, and is not a free resource.
- List the UAA school code (011462) on the FAFSA, and we will automatically receive an electronic copy. UAA requires access to a current and valid FAFSA in order for us to process any of your financial aid.
- If you are selected for FAFSA Verification, you are required to complete a Verification Worksheet and other financial forms before any financial aid can be processed or disbursed.
- Apply for UA and PWSC Scholarships
- To apply for scholarships at UAA, you must submit the UAOnline Scholarship Application by February 15th before the start of the academic year for which you are applying.
- Example: If you wish to apply for UAA Scholarships for Fall 2016 or Spring 2017, you must submit your UAOnline Scholarship Application by February 15, 2016. If you wish to receive UAA Scholarships for Fall 2015 or Spring 2016, the deadline has already passed.
- Apply for PWSC Scholarships
- Review your financial aid award letter
- After we receive an electronic copy of your Free Application for Financial Student Aid (FAFSA), we will mail you a UAA Financial Aid Award Letter within a few weeks. All new students will be sent a physical letter in mail. Returning students will be sent all further award letters through their preferred e-mail addresses only. Along with your Award Letter, you will find a copy of the Financial Aid Award Conditions. Please read through all these documents carefully, because they contain important information about your financial aid.
- Accept or decline your awards
- Log in to UAOnline to accept or decline any of the offered awards. Federal Work Study awards may be accepted or declined; federal student loans may be fully accepted, partially accepted, or declined. Note: this step must be completed or loan requests will not be processed
- If you qualify for the Pell Grant or other scholarships or grants, they will automatically be accepted for you as they are free money!
- If you have any difficulty accepting your awards, please refer to our detailed instructions on how to accept your awards.
- Complete online Entrance Counseling
- If you intend to borrow Federal Stafford Loans, and you are a first time borrower, you must complete Federal Direct Loan Entrance Counseling. Please be aware, if you do not complete your required Loan Entrance Counseling, this will delay your Stafford Loan disbursements.
- Complete a Direct Loan Master Promissory Note
- The Master Promissory Note is an official, legal document in which you agree to certain terms, conditions, and repayment requirements of your loan. Once you have completed an MPN, this agreement will also be applied to any other direct loans you decide to take out in the next 10 years. However, a separate MPN is required for Direct Stafford loans, Graduate PLUS loans, and Parent PLUS loans.
- Undergraduate and Graduate Direct Stafford subsidized and unsubsidized borrowers who are in the Direct Loan Program will sign one promissory note which can be used for all of that program’s loans over multiple academic years.
- Parent PLUS loan borrowers can only take out this loan on a dependent undergraduate student’s behalf. This loan is also contingent upon creditworthiness.
- Monitor your financial aid status on UAOnline
- Monitor your Financial Aid Award through your UAOnline account. This is the fastest way to know your financial aid status
- Monitor your Admissions Status. Your financial aid will not pay until you are fully admitted. Don’t assume that everything is okay. Check to make sure.
- Monitor your Account Information to see when your financial aid has been disbursed into your account, what you owe, make payments, etc.
- Check your UAA email account and UAA financial aid website frequently for important updates and announcements.
All Direct Loan Master Promissory notes can be accessed and e-signed. Each MPN takes approximately 30 minutes to complete.
Note: make sure you allow enough time to complete the entire process in a single session. If you exit the web site before submitting your signed MPN in Step 8 and return later, you’ll have to start over beginning with Step 1!
Financial Aid Tools:
Student Affairs can assist students in applying for state and federal aid programs. State and Federal governments, PWSC, and many private organizations offer grants, scholarships, loans, and employment opportunities to students who demonstrate need for such assistance. Each student’s financial situation is carefully assessed, taking into consideration family size, assets, income, debts, and estimated costs of attending college. Types and amount of financial aid vary according to State and Federal guidelines, student needs, and availability of funds.
- Financial Aid Toolkit
The Financial Aid Toolkit provides federal student aid information and outreach tools for counselors, college access professionals, nonprofit mentors, and others.
- Financial Awareness Counseling
Financial Awareness Counseling provides tools and information from the U.S. Department of Education to help you understand your financial aid and assist you in managing your finances.
- Hands on Banking
Financial awareness and money management resources for people of all ages.
- Student Loan Calculator
Nerd Wallet’s Student Loan Calculator helps you make the most informed decisions about financing your higher education. This calculator will not store your personal information, force you to register, or promote any commercial products.
Questions? Call the Financial Aid Coordinator at 907-834-1645. In Cordova, call 907.424.7598. In Glennallen, call 907.822.3673.