Scholarships & Grants
Federal Student Aid
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.
Academic Competitiveness Grant (ACG): Federal student aid awarded to first- and second-year students who have completed a “rigorous” high-school program and demonstrate a financial need. To receive ACG, students must receive a Pell grant in the same award year and be enrolled at least half-time in a bachelor's, associate's, or certificate program. The grant value is $750 for the first year and $1300 for the second year.
Federal Supplemental Education Opportunity Grant (FSEOG): Eligibility for FSEOG is based on financial need as determined by information given on the FAFSA. Students must meet general eligibility requirements of Pell and ACG, basically demonstrating financial need.
Federal Work-Study (FWS): 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 (FDSL) – 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 (FDSL) – 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.
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. Website: www.akadvantage.alaska.gov
Alaska Bible College Grants and Scholarships
ABC matches your church's gift toward your education up to $500 per semester.
This discount is applied to a first-year student's tuition toward the cost of the student's airline ticket for a visit prior to enrolling.
Current ABC students may receive $500 for each new student referred to ABC.
Partners in Ministry Scholarship
Spouses of full-time students not enrolled in a certificate or degree program may enroll in one course per semester at no charge.
The Northern Ministry Scholarship
This scholarship is for students intending to minister to Native Americans and other residents of the North. Students complete a President's Scholarship Application.
The Collingswood Missions Scholarship
This $250 scholarship is for full time ABC junior or senior students enrolled in the missions emphasis B.A. program. Complete a Collingswood Missions Scholarship application.
ABC Work Scholarships
Generally, a maximum of $900 per semester can be earned. They are considered part of a student's total financial aid package and may reduce the student's need-based grant. Students complete a Work Scholarship application.
External Grants and Scholarships
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, or, if the student does not belong to an Alaska Native Corporation, from the student's own tribal headquarters. Information and applications are available from local Alaska Native Corporations for students who are members of those Corporations.
Alaska Bible College is approved for the training of veterans. Contact your local VA Regional Office for more information.
Alaska residents and non-Alaskan residents are eligible to apply for an Alaska State Student Loan.