Code of Alabama - Title 16: Education - Chapter 33B - Alabama Guaranteed Student Loan Program

• Section 16-33B-1 Definitions
  As used in this chapter, unless the context clearly requires a different meaning, the following words shall have the following meanings: (1) ACHE. The Alabama...
• Section 16-33B-2 Legislative findings and purposes
  The Legislature declares that there exists within the State of Alabama a lack of sufficient availability of loans to residents of Alabama who choose to...
• Section 16-33B-3 Administration of program
  The Alabama Guaranteed Student Loan Program created under this chapter shall be administered by the Alabama Commission on Higher Education. The Executive Director of the...
• Section 16-33B-4 Basic powers and duties of the Alabama Commission on Higher Education for the Alabama Guaranteed Student Loan Program
  (a) Basic powers. The Alabama Commission on Higher Education (ACHE) is authorized to administer the Alabama Guaranteed Student Loan Program in accordance with the Federal...
• Section 16-33B-5 Audit of approved and eligible institutions
  Each approved institution and eligible institution shall be subject to examination at any time by ACHE or the Examiner of Public Accounts for the purpose...
• Section 16-33B-6 False statements or misrepresentations
  Any person who knowingly makes or furnishes any false statement or misrepresentation, or who accepts such false statement or misrepresentation knowing the same to be...
• Section 16-33B-7 Dissolution of program; vesting of property
  The loan program may not be dissolved until all guaranteed loans have been repaid by the borrowers, or if in default, by ACHE. Upon dissolution...
• Section 16-33B-8 Legal counsel for program
  The Attorney General or his agent shall act as legal counsel to ACHE for the Alabama Guaranteed Student Loan Program. When the collection of loans...

Last modified: May 3, 2021