![[image_s_5.jpg] [image_s_5.jpg]](http://www.uaa.edu/uploads/images/image_s_5.jpg)
The lending institutions provide the necessary funds. The federal government guarantees the loan and pays for the interest while the participant studies or enjoys a grace period before starting payments and during postponement periods. It is applied for through the University, which sends it to a commercial bank for approval and payment of the amount for which the student qualifies. The student cannot be under academic probation and has to be enrolled as a part-time student with at least six academic credits.
| Eligibility: | Amount: | Renewable: | Deadline: | Funding: | Application: |
| Need-based | First year* $3,500 Second Year* $4,500 Third & Fourth Year* $5,500 |
Yearly. Must apply every year |
June 15th for the upcoming academic year is recommended |
Lending Agencies | FAFSA (online) |