Arizona Student Loans

GradPLUS LoanWith over 150 college and universities to choose from, including major public universities, community colleges, and private universities and colleges, Arizona offers a variety of post-secondary educational choices.

The capital city of Phoenix is home to many colleges and universities. Tempe, a suburb of Phoenix, is home to Arizona State University (ASU), which is one of the largest public top-ranked research universities in the state. ASU prides itself in high academics, cultural vitality, and community impact.

Located in the second largest city in the state, Tuscan, the University of Arizona (UA) is a premiere research university, offering more than 40,000 students over 300 majors to choose from in the pursuit of bachelor’s, master’s, graduate, and professional degrees. New undergraduate students at UA participate in the UA’s Guaranteed Tuition Plan that caps base tuition through the 2017-2018 academic year, helping to keep the costs of higher education manageable.

With the main campus located in Flagstaff, Northern Arizona University (NAU) has 38 campuses throughout the state as well as online options. NAU is a public university, providing an affordable option for potential students with guaranteed tuition rates for four years.

One of the largest providers of higher education in the country, the Maricopa Community College District has 10 campuses and two skills centers spread throughout Maricopa County in communities including Glendale, Mesa, Phoenix, Scottsdale, and Rio Salado to name a few. Maricopa Community Colleges are the largest provider of health care workers in the state, and they offer flexible degree and transfer programs for many other courses of study.

A premiere, private Christian University located about four hours from the historical Grand Canyon, in the city of Phoenix, Grand Canyon University (GCU) strives to provide students with applicable workplace skills as well as Christian values.

Students can study and attend courses at the University of Phoenix virtually anywhere in the world through its vast online learning program. The University of Phoenix offers flexible learning opportunities geared toward working adults. No matter what your educational goals are, chances you will be able to find a college or university in Arizona that suits your needs.

Arizona State-Based Financial Aid

The state of Arizona offers the Arizona Leveraging Educational Assistance Program (AzLEAP), which is grant or gift money that doesn’t need to be paid back, and the Math, Science and Special Education Teacher Loan Forgiveness Program (MSSE), which starts out as borrowed funds and may be rolled into a forgivable loan or grant that doesn’t need to be paid back. The AzLEAP grant is offered to low-income undergraduate students demonstrating substantial financial need, and it is disbursed through participating Arizona colleges and universities to Arizona residents, depending on available funds. The maximum annual award amount for an AzLEAP grant is $2,500, although the average award is usually $1,000 a year.

The MSSE program is designed for junior and senior college students who are Arizona residents pursuing a public school teaching career within the state. This loan is need-based and students may borrow up to $7,000 each academic year, minus any other financial aid received, to pay toward school tuition, fees, and instructional materials. In order to have the loan forgiven, students must fulfill an obligation with the Arizona Commission for Postsecondary Education (ACPE) that states that students must teach in an Arizona public school for as many years as they borrowed money through the loan plus one year. For example, if a student borrowed MSSE funds for four years, they would need to teach for five years at an Arizona public school in order to have the full amount forgiven. Students are required to sign a promissory note upon receipt of the loan indicating the student’s intention to pay the loan back with interest if the service conditions are not met.

In addition to state-based financial aid, each individual school will have some form of institutional aid as well. This aid may also be need-based, or it may be merit-based or have other general requirements. Check with your particular school’s financial aid office for more information on free money options via scholarships and grants.