Arizona Student Loan And Financial Aid Programs
Arizona has several private student loan and financial aid programs that can help you pay for college. If you're going to be attending college in Arizona, you need to be looking to take advantage of these programs.
These programs are designed to help make college more affordable - so that you can get the education you need. These programs can include scholarships, grants, and student loans.
Don't forget that there are Federal student loan programs available as well. You can find out more on how to get a Federal student loan here.
There is also a specific order of operations to pay for college that we recommend students follow. These programs specific to the State of Arizona can help you to avoid borrowing more money than you need to.
Arizona Student Loan Programs
Arizona has one specialty student loan program. The Arizona Teacher Student Loan Program is a need-based forgivable loan designed to financially support and to encourage college students who are Arizona residents to enter into the teaching profession and teach in a public school in Arizona. The maximum forgivable loan is $7,000 per academic year for up to three years excluding all grants, scholarships and other tuition benefits.
You can learn more about the Arizona Teacher Student Loan Program here.
However, there are limits to how much you can borrow (which might be why you're here).
If you're just looking for private student loan options, we recommend:
- Credible - Like the Kayak of student loans, they help you shop around and compare options. Try Credible here.
- Commonbond - One of the best private student loan lenders. Try Commonbond here.
Arizona Scholarship Programs
Arizona doesn't have any specialty scholarship programs available.
However, the University of Arizona does offer a scholarship for incoming students here:
Arizona Grant Programs
Arizona has one specialty grant program available to residents.
Grants are one of the best forms of financial aid because, in most circumstances, you don't have to pay the money back.
Arizona Leveraging Educational Assistance Partnership (AzLEAP)
The Arizona Leveraging Educational Assistance Partnership (AzLEAP) establishes a state and institutional partnership to provide student financial assistance in the form of need-based grants to low-income, undergraduate, Arizona resident students who have demonstrated substantial financial need, enabling students to attend postsecondary institutions in the State of Arizona.
The grant is awarded by each participating institution. The maximum AzLEAP award for the academic year is $2,500 however; the average amount awarded is $1,000 for the academic year.
Learn more about the Arizona Leveraging Educational Assistance Partnership grant here.
Other Options
If you already have student loans and are looking for options as a Arizona resident, check out our Arizona Student Loan Forgiveness Program page. That page has all the different options available to Arizona residents to potentially get some of your student loan debt forgiven.
You might also look at refinancing your student loans and saving money in interest while also potentially lowering your payment. Check out our guide on the Best Places To Refinance Your Student Loans.
If you're looking for options on how to save for college in Arizona, check out our guide to Arizona 529 Plans and College Savings.
Finally, check out the other student loan and financial aid programs by state.
