Types of Financial Aid
A Free Application for Federal Student Aid (FAFSA) is required to apply for all federal, state, and need-based institutional aid. For all State of Alaska grants and scholarships, your FAFSA must be submitted by June 30th prior to the beginning of the academic year.
General eligibility criteria for each type of financial aid type as well as award amounts is provided by following the links below.
Grants are financial aid awards which do not need to be repaid as long as the student meets academic progress requirements of the granting agency.
Follow the links below to learn more about each grant:
- Federal Pell Grants
Federal Pell grants are awarded to undergraduate students that have no prior bachelor’s or graduate degree. The amount can change yearly and is pro-rated based on credit load. The amount of the Federal Pell Grant funds you may receive throughout your lifetime is limited by federal law to be equivalent of six years of funding. Since the maximum amount of Federal Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600%.
Students who receive a Federal Pell Grant and receive an “F” or a “NB” grade in a class must have participated in an academic activity in the class or their Federal Pell Grant may be reduced and the student will be required to repay some of the Federal Pell Grant received for that semester.
- Federal Supplemental Educational Opportunity Grant (FSEOG)
FSEOG may be awarded to undergraduate students that are attending at least half-time (6+credits). Funding is limited, therefore priority is given to Federal Pell Grant recipients with an Estimated Family Contribution (EFC) of zero. Priority is also based on the date that FAFSAs are received and processed- therefore, it’s best to apply early.
- Federal TEACH Grant
The TEACH Grant is available to eligible students who are completing or plan to complete course work needed to begin a career in teaching. Service obligations are required to maintain eligibility. If a student does not complete their service agreement, the TEACH grant will be converted to a Direct Unsubsidized Loan which must then be repaid with interest. For more information, visit the Federal Student Aid TEACH website.
- Alaska Education Grant
The Alaska Education Grant (AEG) is a need-based grant offered by the State of Alaska. The deadline to apply is June 30th, although funding is limited so we encourage students to apply as early in the calendar year as possible. For more information, including eligibility criteria, visit ACPE’s website.
Bureau of Indian Affairs (BIA)
The Bureau of Indian Affairs makes grants available to eligible full-time students. Applicants must be at least one-quarter Alaska Native or American Indian. For further information, contact the local BIA area office or Native regional corporation.
Federal Direct Loans allow students and some parents to borrow money to help pay for educationally related expenses through loan programs supported by the federal government. Students that are eligible for a Federal Direct Loan will have it offered on their award letter. They will then have the opportunity to accept or decline all or part of the loan via UAOnline, as outlined on the Financial Aid Checklist.
We recommend that students maximize all grant and scholarship options before borrowing student loans. We also recommend only borrowing what is absolutely needed to cover the cost of education. For assistance with budgeting and student loan repayment, please visit our Financial Aid Tools page [link] or contact the PWSC Student Affairs Office.
- Federal Direct Subsidized Loan
- Federal Direct Unsubsidized Loan
- Federal Direct Parent PLUS Loan
- Alternative Loans
Alternative Educational Loans, also known as Private Educational Loans, consist of any student loan that is not a federal student loan. For more information on these loans, general application instructions, and important considerations, visit UAA’s Alternative Loan website.
For more information on the following Federal Direct Loans offered to eligible PWSC students, visit UAA’s Federal Student Loan website:
Federal Work Study Program
The Federal Work Study Program provides job opportunities for eligible students as determined by financial need which is calculated from the information provided on the FAFSA. These students may earn money to cover part of their educational expenses. The Human Resource office arranges jobs on campus. Students may work up to twenty (20) hours per week during the semester. Wages depend on the job responsibilities and the student’s qualifications. Any PWSC student enrolled in at least 6 credits may inquire and obtain a referral. Since Federal Work-Study funding is limited, we award Federal Work Study to eligible applicants based on FAFSA application date- the earlier you apply, the more likely you are to receive Federal Work Study funds. If you are interested in a Federal Work Study position but were not offered it on your award letter, please contact us directly. For more information please contact the PWSC Student Affairs Office. All positions are posted on the www.UAKjobs.com website.
Veterans Assistance (VA Loans)
Welcome Veterans! We at PWSCC would like to thank you for your time in service and for the commitment and sacrifice that you have shown to our country. Know we appreciate all that you have done and look forward to working with you as you further pursue your education.
The following information is to help you as you use your GI Bill benefits. If you have any questions or need any help please contact the School Certifying Official at 907-834-1645 or email at studentservices AT pwscc DOT edu.
- Apply using VONAPP. If you are a new student and want to start your VA Benefits, you will need to register for your benefits at VONAPP (Veterans On-line Application Process).
- Apply for Admissions at Prince William Sound Community College. You must be fully admitted into an approved degree or certificate program prior to requesting certification of your benefits. Apply online at https://uaonline.alaska.edu/
- Register for classes. Meet with an advisor and register for all classes you plan to attend before requesting certificate of your benefits. Academic Advising is required and placement tests may be necessary; be aware that prior credit earned may transfer in as required or elective credits. Schedule an in-person or over-the-phone advising appointment by emailing firstname.lastname@example.org or calling 907.834.1600.
- Submit a Request to Begin VA Benefits (73.5 KiB) and your Certificate of Eligibility issued from the VA. You can send these forms by email, fax, in person and by mail.
- Submit a VA Certification Request Form (50.8 KiB)(CRF). Every semester you register for classes you will need to turn in the Certification Request Form. It is your responsibility to notify PWSCC’s Certifying Official of any changes to your schedule after you have submitted this form. Failure to notify may result in charges from the school and/or the VA. You can send this form by email, fax, in person and by mail.
- Self-Verify (Chapter 30, 1606 and 1607). Once your classes have been certified (you should receive an email initiated through the Department of Veteran Affairs to the email you provided). If you are using Chapters 30, 1606 and 1607 benefits you should receive your payments after you call and self-verify at the end of the month (please allow 3-5 days for processing). Please see the Self Verification Information Sheet for details. If you are using Chapters 31, 33, and 35 benefits you do not need to self-verify.
Students using VA educational benefits must apply for admission to a degree or certificate program at PWSCC. In accordance with federal regulations, PWSCC must report this information to the VA, along with information regarding student enrollment, grades, and academic progress. Students must also maintain satisfactory academic progress of a 2.0 GPA. A GPA that fails to reach the 2.0 minimum will be reported to the DVA so that proper actions can be taken. For the most current regulations and policies in DVA education benefits visit their website at http://www.gibill.va.gov/.
Using Post 9-11/ Chapter 33 benefits: Certification and Federal Aid Disbursement Process Reminders
For Chapter 33 recipients, UAA submits two certifications to the VA each term. An initial certification is submitted to notify the VA of term dates and credit hours to kick start your BAH and book stipend benefits and a final certification is submitted after the add/drop deadline to report tuition and fee amounts for certified courses. This is to avoid large overpayments or underpayments made to UAA if changes to students’ schedules are done during add/drop period.
Tuition and fees will appear as an outstanding balance on your student account until payment for certified courses is received but most Chapter 33 students’ accounts are flagged for deferment so that no late fees are assessed to tuition and fee balances pending VA payment.
Note: Chapter 33 recipients who have been rated at less than 100% eligibility, who are taking course work inapplicable to degree plan, or who have charges on their accounts that will not be paid by the VA (book store charges, parking permits, housing and meal plans, etc.) are required to make payment by the payment deadline to avoid a late fee.
Students who receive federal financial aid may receive multiple refunds each semester. Students whose federal financial aid exceed their bill may receive a refund prior to the add/drop deadline. After the add/drop deadline, when we submit your final certification, accounting services will refund financial aid based on the anticipated amount we expect from the VA. UAA will use your federal aid refunds for charges that will not be paid by the VA, to the extent allowable under law. As a result of the refund, a balance due will appear on your student account equal to the pending VA payment.
Transfer of Entitlement
Active duty members may now have the option to transfer entitlement to spouses and children. Please be aware that there may be additional service obligations required to take advantage of this option. For more information and to begin the application process, please go to the VA Transfer of Entitlement website. To apply, you must use Internet Explorer.
The VA has created a new program under the Post-9/11 GI Bill for the children of an Active Duty member who died in the line of duty. The Fry Scholarship was created to assist certain children of Active Duty members who died in the line of duty on or after September 11, 2001. The VA will begin accepting applications for the Fry Scholarship on May 01, 2010 and may be paid retroactively to August 01, 2009.
Questions about your GI Benefits?
GI Bill Hotline (Muskogee, Oklahoma)
Note: Peak calling times are weekdays between 10:00 am CST and 3:00 p.m. CST. Staff is available to take your call as early as 7:30 a.m. and as late as 5:00 p.m. CST.