Arizona Commission for Postsecondary Education
Arizona Commission for Postsecondary Education Suite 550 2020 North Central Avenue Phoenix, AZ 85004-4503 Phone: (602) 258-2435 Fax: (602) 258-2483 Website: http://www.azhighered.gov/home.aspx
The state of Arizona offers no special statewide loans. All loans are either the standard
federal student loans
or
private student loans
.
However, the state does offer tuition grants for targeted professions that can turn into loans.
For instance, there is the:
Arizona Medical Student Loan Program - The minimum amount per year is the amount of medical school tuition. A living allowance up to $20,000 is also provided.
- The commitment is to work in an underserved area of Arizona for 2 years for a 1 or 2 year grant and 1 year for each additional grant.
- If the commitment is broken, the loan must be repaid in full at 7% interest plus liquidated damages. Liquidated damages are in an amount equivalent to the full amount borrowed. (That's twice the amount received, plus interest.)
The state also offers this forgivable loan program: Arizona's Early Graduation Scholarship Grant - High school students who graduate at least one year early and enroll full-time can receive up to $1,250 for their first year and up to $750 for their second year of college.
- Students who graduate one semester early and enroll full-time can receive up to $1,000 and up to $500 for their second year of college.
- The commitment made is that the first two years of college must be completed within 36 months of high school graduation.
- The student must sign a promissory note saying that if the commitment is broken, the money will be returned.
| Arizona has announced a new Loan Forgiveness Program for Math, Science and Special Education Teachers. Undergraduate students who intend to teach in these fields can get loans that are forgivable by teaching in Arizona at the rate of the number of loan years plus one. |
Remember to check your Arizona
FAFSA deadline
Remember to file a profile with a national database to check for college grants and scholarships that match your qualifications.
The Arizona Commission for Postsecondary Education mostly oversees college grants and scholarships rather than state loans for its students. The low maximum amounts available through these programs ensures that Arizona students will have financial gaps that can only be made up through student loans.
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