University of Alaska Fairbanks

In 2022, tuition for full-time students at University of Alaska Fairbanks was $8,235 a year for in-state students and $25,215 a year for out-of-state students.

Usually, colleges raise tuition about 3% each year.

If this makes attending the college of your dreams sound impossible, remember, the total cost of tuition isn't the final cost for attending college. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theactual cost of attending college more manageable until you've finishing school and found a job.

Tuition for international students at University of Alaska Fairbanks is $25,215 per year.

University of Alaska Fairbanks meets 53.47% of the demonstrated financial need for undergraduates. First-year students that attend University of Alaska Fairbanks full-time are awarded $9,711 a year in financial aid, on average.

Graduates in the class of 2023 had an average of $26,525 in student loans per borrower.

University of Alaska Fairbanks: In-state vs. Out-of-State Tuition

University of Alaska Fairbanks is a public, state institution, so it offers a reduced tuition rate of $8,235 for students who qualify as state residents and attend full-time. For non-Alaska residents, out-of-state tuition is $25,215 a year.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for the reduced tuition offered to state residentscan save students a lot of money on the total cost of attending college. Don't forget to check your state's rules for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements too, depending on where you live.

Explore other Alaska colleges

Is University of Alaska Fairbanks's Tuition Different for International Students?

University of Alaska Fairbanks has the same tuition for international students as for those from out of state.

International students at University of Alaska Fairbanks can expect to pay around $25,215 per year, before any scholarships or financial aid.

Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or school-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may be eligible for the following types of financial support at University of Alaska Fairbanks:

•On-campus jobs •Athletic Awards •University of Alaska Fairbanks-specific scholarships •International Students Tuition Waivers

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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University of Alaska Fairbanks Living Expenses, Fees, and More

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In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at University of Alaska Fairbanks.

Room and Board Costs at University of Alaska Fairbanks

Room and board at University of Alaska Fairbanks is $10,650 a year. This includes the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat all or some of your meals the school dining halls. Students who live off campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of a mean plan, or board-only, is $3,600.

Meal-plan costs vary based on on how many meals are included in the plan you choose.

Cost of Books at University of Alaska Fairbanks

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.

Keep in mind, there could also be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer ways so that those with financial need to find ways to lower or eliminate these costs.

Transportation costs

The total cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these factors can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.

Where are a college is located can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city is sometimes expensive, but cities may offer more buses, trains and low-cost flight options to actually get to school. The University of Alaska Fairbanks campus is in a town in Alaska.

Other Costs

When creating a budget for college, be sure to consider the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Financial Breakdown for University of Alaska Fairbanks

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Now, let’s do a rundown of all of the costs associated with college, to get a better idea of what is really costs to go to University of Alaska Fairbanks.

Total Cost of University of Alaska Fairbanks

What will the cost of attending University of Alaska Fairbanks be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$8,235
Out-of-State Tuition	$25,215
Room and Board	$10,650
Board Only	$5,390
Other expenses	$2,250

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

University of Alaska Fairbanks’s tuition and fees change based on: •Campus location for full-time and part-time students •Academic program for both full and part-time students •Course load for both full and part-time students •Course level for both full and part-time students

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Financial Aid at University of Alaska Fairbanks

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In 2023, 1,135 of the 6,866 undergrads enrolled received financial aid. University of Alaska Fairbanks meets 53.47% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $9,711 a year. Around 32% of University of Alaska Fairbanks undergrads take out student loans to cover any remaining costs. University of Alaska Fairbanks graduates who have student loans graduate with an average of $26,525 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$22,180
State Loans	$13,497
Private Loans	$26,465

Most Common Loans for University of Alaska Fairbanks Students
Federal Loans	30%
State loans	6%
Private loans	4%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on University of Alaska Fairbanks financial aid, keep reading, or visit their financial aid website.

Scholarships at University of Alaska Fairbanks

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, University of Alaska Fairbanks awarded 997 need-based scholarships to students, giving away total of $12.1 million to help students with financial need cover the cost of school. An additional $5.16 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of University of Alaska Fairbanks

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for University of Alaska Fairbanks students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at University of Alaska Fairbanks was $9,711 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of University of Alaska Fairbanks seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$3,812
Net In-state, Off-campus	$8,263
Out-of-State, On-Campus	$30,503

What will attending University of Alaska Fairbanks really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the University of Alaska Fairbanks's net cost calculator on their website.

University of Alaska Fairbanks Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

University of Alaska Fairbanks offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does University of Alaska Fairbanks Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

University of Alaska Fairbanks has some full or partial tuition waivers available for: - International Students - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

University of Alaska Fairbanks's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of University of Alaska Fairbanks's endowment was $142.2 million. The average college endowment was $905 million in 2021. The school spends $19,579 for each full-time student enrolled.

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Learn More About University of Alaska Fairbanks

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