Financial Aid

Alaska Bible College believes that if God has called an individual to pursue Biblical and ministry training He will provide financially for that education. We also believe that a student shows integrity and responsibility when financial commitments are fulfilled. Students finance their education in many ways: Savings, earnings during the school year, gifts from churches, family and friends, grants, and loans.

If you have questions about receiving financial aid, please contact our financial aid office at financialaid@akbible.edu, or 907-745-3201.

We Accept…

Federal Grants & Loans

State Grants & Loans

Tribal Grants & Scholarships

Veterans' Benefits

ABC Scholarships & Discounts

Private Scholarships & Loans

Apply for Aid

The first step to receiving ANY type of financial aid at ABC is to submit the Free Application For Federal Student Aid (FAFSA).

Federal Grants & Loans

Pell Grant

Federal student aid offered to first-time undergraduate students enrolled in a bachelor’s degree or certificate program. Funding is designed to assist low- to middle-income students. Maximum grant is $5550/academic year and is determined by the Department of Education. Students complete a Free Application for Federal Student Aid (FAFSA) each academic year to apply for all federal financial aid.

Federal Supplemental Education Opportunity Grant

Eligibility for FSEOG is based on financial need as determined by information given on the FAFSA. Students must meet general eligibility requirements of Pell, basically demonstrating financial need.

Federal Work-Study

This federally subsidized program allows Alaska Bible College to employ students who demonstrate a financial need, though the need may not necessarily be excessive.  The program criteria allows for the College to employ students whose cost of attendance is greater than the FAFSA’s declared expected family contribution.

Federal Direct Student Loan – Subsidized

Federally guaranteed loans that are based on financial need.  Interest does not accrue on the loan while the student is enrolled school at least half time, or during any future deferment periods. The federal government “subsidizes” (or pays) the interest during these times.

Federal Direct Student Loan – Unsubsidized

Federally guaranteed loans that are not based on financial need. Interest will accrue from the time the loan is disbursed to the school, but can be deferred until 6 months after graduation.  Stafford loans have a low fixed interest rate, as low as 4.50%.  Students can borrow up to $12,500 per year depending on degree status and years in school and no payments are required while enrolled in school.

PLUS Loan

Parents of dependent students can take out loans to supplement their children’s financial aid packages. The Federal PLUS Loan is a Federal student loan that allows parents to borrow money to cover any costs not already covered by the student’s financial aid package, up to the full cost of attendance.

State Grants & Loans

Alaska Performance Scholarship

The Alaska Performance Scholarship provides an opportunity for Alaska high school students to earn a scholarship to help cover the cost of an Alaska postsecondary education. Students who take a more rigorous curriculum, have a GPA of at least 2.5, and score well on college placement tests can earn an Alaska Performance Scholarship. The amount is determined by GPA and test scores and students remain eligible for up to 8 semesters, but must fully use the APS within six years of high school graduation.

Alaska Advantage Loan

The Alaska Supplemental Education Loan provides funding to cover educational expenses for qualified students attending postsecondary institutions in Alaska, and qualified Alaska residents attending postsecondary institutions outside Alaska.  The Supplemental Education Loan assists in paying the remainder of a student account once federal grants and loans have been applied.    To apply, go to http://acpe.alaska.gov

Tribal Grants & Scholarships

Alaska Native Corporations
Bureau of Indian Affairs

The Bureau of Indian Affairs (BIA) makes grants to eligible Alaska Natives and Native Americans. Information and applications are available through the BIA: https://www.bie.edu/ParentsStudents/Grants/

Veterans’ Benefits

Alaska Bible College is approved for the training of Veterans. Interested Veterans should contact the VA Regional Office. Alaska Bible College is approved for Federal Education Benefits to qualified students under provisions of various VA educational assistance programs.

To be eligible for VA educational benefits, a student must enroll in a certificate or degree program. The veteran applies for these benefits from the nearest regional Veterans Administration Office. Completed applications must include a certified copy of the original DD214 (Proof of Service).

Students who are eligible to receive VA educational benefits are advised to apply prior to enrollment, as funds may not be available for a number of weeks. Eligibility for VA benefits may reduce the amount of eligibility for need-based financial aid. An Alaska veteran may also be eligible for benefits through the Alaska Department of Veterans Affairs.

Alaska Bible College Scholarships & Discounts

Academic Excellence Scholarship

This scholarship is awarded annually to two incoming students who demonstrate a high school GPA of 3.5 or higher.  Students must apply for the scholarship through the Financial Aid office.  Amount: $500

Alumni Referral Scholarship

This scholarship is awarded annually to two full-time students with a minimum GPA of 2.0 who were referred to ABC by a previous graduate of the college.  The referring alumnus must fill out an Alumni Referral Form through the Financial Aid office.  Amount: $500

Campus Visit Tuition Discount

Students who visit the ABC campus prior to enrolling as a full-time program student may receive a discount up to $500, based on their transportation costs for the campus visit.

Children of Christian Worker Scholarship

This scholarship is granted each semester to two students with a minimum GPA of 2.0 whose parents are involved in full-time ministry.  Students must apply for the scholarship through the Financial Aid office.  Amount: $500

Church Matching Discount

ABC will match a church gift toward a student’s education, up to $500 per semester for full-time students or $250 for part-time students towards any outstanding balance on the student’s account.  It is the student’s responsibility to request their church’s participation using the Church Matching Discount application form.

Partners in Ministry Discount

Spouses of full-time students not enrolled in a certificate or degree program may enroll in one course per semester at no charge.

Phil A. Wall Memorial Scholarship

This scholarship is awarded to a returning student who demonstrates a giving spirit, a positive and cheerful attitude, and academic excellence by inclusion on the Honor Roll or Dean’s List.  Candidates will be nominated by the Faculty and the final recipient will be selected by the Financial Aid Office’s Scholarship Committee. Amount: $500

Northern Ministry Scholarship

This scholarship is for students intending to minister to Native Americans and other residents of the North. Student must be enrolled in a BA program and have a 3.0 GPA to apply for scholarship.  Students must apply for the scholarship through the Financial Aid Office.  Amount: $500

Referral Tuition Discount

Upon the completion of the 1st semester as a full-time student, a new student who was
referred by an ABC student will receive a one-time $250 billable tuition, room and board
discount for their next semester at ABC. This is a non-transferable discount. Discounts
are based upon student financial need.

The student giving the referral to a new student will also receive a $250 tuition-only
discount for their next semester at ABC upon the completion of that referred students 1st
semester as a first-time, full-time student. This is a non-transferable discount. Current students can refer
any number students up to 1⁄2 of the cost of a semester’s billable tuition, room and board,
but any referrals above and beyond 1⁄2 tuition will not be compensated. Discounts are
based upon student financial need.

Summer Ministry Scholarship

This scholarship is awarded annually to two incoming students who demonstrate full-time ministry involvement for a minimum of 7 weeks during the summer prior to enrolling at ABC.  Students must apply for the scholarship through the Financial Aid office.  Amount: $500

Scholarships & Discounts Application

To apply for scholarships and discounts, download the Scholarship & Discount Application and return it as an email attachment to financialaid@akbible.edu.

Private Scholarships & Loans

Scholarships from a foundation, church, corporation, or agency will be applied to the student’s account according to the awarding party’s written instructions. When a scholarship or grant is received in the award year before classes begin, or before the student’s admission has progressed to the setting up of his/her account, the funds will be placed in a designated financial aid holding account. When classes begin, the funds will be transferred to the appropriate student account.

The entity sending the funds may designate that the funds be split between two semesters of the award year. The funds for each semester will be transferred to the appropriate student account after the student begins classes each semester.