Alaska has 2 private and 4 public 4-year colleges that enroll 1,857 first-year students yearly. The average tuition of public colleges is $23,872 for in-state students and $35,091 for out-of-state and international students.

Private colleges in Alaska charge around $27,763 per year in tuition regardless of residency.

In the 2021-2022 academic year, Alaska provided $4.2 million in financial aid to 853 students who enrolled in 4-year colleges for the first time as undergraduates. In addition, the colleges themselves awarded $3 million in grants and scholarships to 671 students.

Alaska receives less than 1% of the total pell grant the federal government allocates. In the 2021-2022 academic year, 403 4-year college first-year undergraduates were awarded a total amount of $1.8 million in pell grant ($4,837 per student on average), and 272 students received a total amount of $1.4 million in the form of student loans from the federal government ($5,136 per student on average).