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Friday, November 22, 2024

Cost of college went up for all students at the University of Alaska Fairbanks

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In-state tuition and fees rose 6.3 percent for 2018-19 at the University of Alaska Fairbanks, according to recent data from the U.S. Department of Education.

Alaska residents paid $6,657 to attend the four-year public institution this year – $395 more than the $6,262 charged for 2017-18.

Non-residents paid 203.7 percent more than residents this year, or $20,218. Their price tag grew 5.4 percent from $19,183 in 2017-18.

About 89 percent of the school's undergraduate population are Alaska residents. About 8 percent are residents of other states and 2 percent are citizens of other countries.

Data shows 84 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 486 students received grants or scholarships totaling $3.6 million and 200 students took out student loans totaling more than $1.4 million.

Including all undergraduates (7,404), 2,958 students used grants or scholarships totaling $19.3 million, and 1,512 students took out $10.5 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~6,590$5,674$5,976$6,262$6,65717.3%
Out-of-state~592$17,303$18,184$19,183$20,21816.8%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the University of Alaska Fairbanks in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants19931%$861,189$4,328
State / local grant or scholarship35556%$1,620,822$4,566
Institutional grants or scholarships24939%$1,110,188$4,459
Grant or scholarship aid total48676%$3,592,199$7,391
Federal student loans19030%$921,553$4,850
Other student loans325%$448,583$14,018
Student loan aid20031%$1,370,136$6,851
Total student aid53784%--

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