(a) The corporation shall set the interest rate on a loan financed by the corporation under AS 14.43.091 - 14.43.160, 14.43.170 - 14.43.175, 14.43.710 - 14.43.750, and AS 14.44.040 . Interest on a loan accrues from the time the loan is disbursed.
(b) A borrower may elect to make payments of interest that accrues during the borrower's term of attendance at the postsecondary institution or during authorized deferment periods; however, any unpaid interest shall be capitalized as part of the principal to be repaid as agreed, or upon graduation, withdrawal, or completion of the deferment period.
Section: Previous 14.42.150 14.42.160 14.42.170 14.42.190 14.42.200 14.42.205 14.42.210 14.42.215 14.42.220 14.42.230 14.42.240 14.42.250 14.42.260 14.42.265 14.42.270 NextLast modified: November 15, 2016