The Alaska legislature created the Alaska Education Grant (AEG) program to provide need-based financial assistance to eligible Alaska students attending qualifying postsecondary educational institutions in Alaska. Beginning with the 2013-2014 school year, the grant is funded through the Alaska Higher Education Investment Fund, a new source of long-term funding for AEG and Alaska Performance Scholarship (APS) awards established in 2012 by the Alaska legislature.
To qualify for an Alaska Education Grant a student must:
Be an Alaska resident and U.S. citizen or permanent resident
Have a high school diploma or GED
Be admitted into an undergraduate degree or vocational certificate program at a qualifying Alaska institution
Be enrolled at minimum half-time Not have earned a baccalaureate degree
Meet satisfactory academic progress requirements
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