Financial Aid
States
Alabama College Financial Aid
Alabama Resources
The Alabama Commission on Higher Education is the state agency responsible for the overall statewide planning and coordination of higher education in Alabama, the administration of various student aid programs, and the performance of designated regulatory functions.
For more information about the Alabama Commission on Higher Eduction please visit http://www.ache.state.al.us/.
| State Grants |
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AlaskAdvantage Grant Program is administered by the Alaska Commission on Postseconday Eduction and is the most accessible to students. This need-based program is state-funded and intended to provide additional assistance so that all Alaskans may earn a college degree. Eligible candidates must be enrolled in an undergraduate degree program in one of the state colleges or universities and be an Alaska resident. Apply by filling out the FAFSA. Award amounts are usually between $500 and $2500.
Go to the Alaska Commission on Postsecondary Education website, AlaskAdvantage, for further details on the grants discussed here.
What other Grants are available?
| State Loans |
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Alabama College Loan Program
The Alabama College Loan Program provides low-cost Federal Stafford, Parent PLUS, Graduate PLUS and Consolidation Loans to help Alabama college students and their parents pay educational expenses.
This program offers interest-forgiveness for Alabama's teachers, nurses and National Guard members.
For more information about this program, click visit http://www.alstudentaid.com/
What other loans are available?
| 529 Plans |
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The state of Alabama offers two flexible investing options to assist families in planning for the future education of a child or loved one.
1) Alabama Education 529 Fund
The Alabama Higher Education 529 Fund allows you to participate in an investing program, in which you select from a number of professionally crafted investment strategies. The beneficiary of the account may be a child, adult or even yourself. Withdrawals from the account can be used to pay for tuition, fees, books, room and board at any accredited college, trade or graduate school.
Program type: Savings
How to enroll: Enroll through a broker.
State residency requirements: None
Benefits - Tax Exemptions: Yes
Benefits - Tax Deductions: No
Benefits - Matching Grant: No
Phone: 1-866-529-2228
Website: www.treasury.alabama.gov
2) Prepaid Affordable College Tuition Program - (PACT)
PACT programs offers a four-year contract or a one-year contract that can be purchased to prepay college tuition and qualified fee payments at any Alabama public college or university. PACT may also be used at private or out-of-state institutions. Flexible plans are available to pay for the contract that is priced according to the age of the child.
Program type: Prepaid contract
How to enroll: Enroll directly with the program.
State residency requirements: None
Benefits - Tax Exemptions: Yes
Benefits - Tax Deductions: No
Benefits - Matching Grant: No
Phone: 1-866-898-0941
Website: www.treasury.state.al.us/Content/College_Savings.htm
What are some other college savings options?
| Other State Resources |
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Alabama Mentor
Alabama Mentor is an online resource to help students and their families select a college, apply for admission, and plan to finance higher education.