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FINANCIAL AID

Maximize Your Education with Comprehensive Financial Aid Options

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 At Alaska Bible College, we believe that if God calls someone to pursue Biblical and ministry training, He will provide for their educational journey. We also value integrity and responsibility, encouraging students to honor their financial commitments.

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Students fund their education through various sources, including personal savings, part-time earnings, gifts from churches, family, and friends, as well as grants and loans.

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If you have questions about financial aid, our Financial Aid Office is here to help. Contact us at financialaid@akbible.edu or call 907-745-3201.

Financial Aid Eligibility at Alaska Bible College

To qualify for financial aid, students must:​

  • Demonstrate financial need

  • Be enrolled in a degree program

  • Maintain good academic standing

Scholarship and Grant Application Process

  • All external scholarships and grants, including Federal and State aid, are applied to a student's account first.

  • Alaska Bible College scholarships are applied last, ensuring no overpayments occur.

  • ABC scholarships cannot result in a credit or be paid out directly to the student.

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Ready to take the next step? Contact us today and learn how Alaska Bible College can support your financial and academic journey.

CHECK IT OUT
 

Types of Financial Aid We Accept

Federal Grants

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ABC Scholarships

State Grants & Loans

Private Scholarships

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Veteran's Benefits

Tribal Grants &

Scholarship

TAKE A LOOK
 

Federal Grants & Loans

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

More LOCAL options

State Grants & Loans

Are you a native to aLASKA?

Check Out These Scholarships and Grants

ARE YOU A  VETERAN?

"Veterans Education Benefits and Financial Aid

Alaska Bible College proudly supports veterans by offering programs approved for their educational training. If you’re a veteran, you can determine your eligibility by visiting the Veterans Affairs website.

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Once your eligibility is confirmed, you can apply for benefits:

  • Online: Visit the VA Education Portal.

  • By Mail: Follow the instructions provided on the VA website.

  • In-Person: Visit a VA regional office for assistance.

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Important Note for Veterans

To ensure timely funding, eligible students should apply for benefits well before enrollment, as processing may take several weeks.

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If you have questions or need assistance, contact Alaska Bible College’s Financial Aid Administrator today. We’re here to help you maximize your education benefits!

  • 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.

  • The Alaska Education Grant (AEG) provides need-based financial assistance to eligible Alaska students attending qualifying postsecondary educational institutions in Alaska. Grant awards typically range from $500 to $4,000 per academic year for students who have qualifying unmet financial need. Criteria determining award priority includes: Financial need of the student, determined by their Estimated Family Contribution (EFC), date of filing the Free Application for Federal Student Aid (FAFSA), prior recipient of the AEG beginning 2015-2016, and School enrollment at full-time vs. half-time status.

     

    Students with the highest financial need will be awarded in order of need until funds are
    exhausted. Students enrolled in 15 credits per semester may be eligible for an increased award amount. A student may not receive more than a total of $16,000 in AEG award money over the course of their education. For more information go to
    https://acpe.alaska.gov/FINANCIAL-AID/AK-Education-Grant

  • 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 https://acpe.alaska.gov

Alaska Bible College Scholarships & Discounts

Private Scholarships & Loans

Scholarships from foundations, churches, corporations, or agencies are applied directly to the student’s account based on the written instructions provided by the awarding organization.

How Scholarship Funds Are Processed:

  1. Before Classes Begin:

    • If a scholarship or grant is received before the start of classes or before the student's account is fully set up, the funds are placed in a designated financial aid holding account.

    • Once classes begin, the funds are transferred to the student’s account.

  2. Split Payments Across Semesters:

    • Some awarding organizations may specify that the funds be divided between two semesters of the academic year.

    • In this case, funds for each semester are transferred to the student’s account after the student begins classes for that semester.

For more information about how scholarships and grants are processed, contact our Financial Aid Office. Let us help you make the most of your financial aid opportunities!

Alaska Bible College Scholarships & Discounts

Affordable Education is Within Reach

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