University of Alaska Fairbanks
4 Year Degrees
Main Campus
Far West Region
http://www.uaf.edu/
Average Annual Tuition at University of Alaska Fairbanks
The latest data we have for University of Alaska Fairbanks's annual average net costs are from 2021. These costs and and the average Alaska schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
| In-state Tuition | Out-of-state Tuition | Median Debt | Avgerate Net Cost | |
|---|---|---|---|---|
| University of Alaska Fairbanks | $7,896 | $22,032 | $20,291 | $10,342 |
| AK Average | $6,593 | $19,403 | $19,925 | $11,336 |
As you can see, annual costs at University of Alaska Fairbanks have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Alaska as well. Alaska's' higher education costs rose by 43.1% in just the last 10 years, ranking as the 17th highest state.
University of Alaska Fairbanks Financial Assistance
18% of students enrolled at University of Alaska Fairbanks receive some form of Federal loan assistance. You can view University of Alaska Fairbanks's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Alaska has three 529 college savings plans to offer; two direct-sold 529 plans and an advisor-sold program. Each direct-sold Alaska 529 plan is managed by T. Rowe Price: The T. Rowe Price College Savings Plan is a nationally-marketed 529 plan utilizing T. Rowe Price mutual funds. Alaska 529 (previously known as University of Alaska College Savings Plan) does not receive national attention, but it does offer equivalent investment options as well as a unique, cost-saving option called the ACT Portfolio that provides special benefits to future University of Alaska students. The advisor-sold John Hancock Freedom 529 program utilizes a multi-manager approach in its investment portfolios.
| State Plan Name: | University of Alaska College Savings Plan |
|---|---|
| Minimum Contribution: | $250 |
| Maximum Contribution: | up to $475,000 across all qualified education savings accounts for a single beneficiary; balances continue to accrue earnings. |
| Fees: | There is an annual $15 account maintenance fee for some plans that is easy to get waived or a 0.05% annualized trust fee charged to each portfolio for others. |
Alaska School Statistics
We've analyzed all other higher education schools in AK, and wrapped it up nicely into a report for you. View our AK analysis report.
There are 2 other accredited public schools located in the state of Alaska. You can view all AK schools here.