(a) In a school year, the commission may make a loan not to exceed
(1) $8,500 to a full-time undergraduate student or $5,000 to a half-time undergraduate student attending a college or university if the full- or half-time student is otherwise eligible under AS 14.43.125;
(2) $9,500 to a full-time graduate student or $4,500 to a half-time graduate student attending a college or university if the full- or half-time graduate student is otherwise eligible under AS 14.43.125 ;
(3) $5,500 to a full-time student or $2,000 to a half-time student if the full- or half-time student is attending a career education program that is at least six weeks in length and is otherwise eligible under AS 14.43.125.
(b) The commission may make a loan for a summer term, even if the total loan for the school year exceeds the limit imposed under (a) of this section if the loan for the summer term is counted against the limit imposed under (a) of this section for the following school year.
(c) The commission shall adopt regulations establishing a minimum amount for which a loan may be made.
Section: Previous 14.43.090 14.43.091 14.43.095 14.43.100 14.43.105 14.43.110 14.43.115 14.43.120 14.43.122 14.43.125 14.43.130 14.43.135 14.43.140 14.43.145 14.43.147 NextLast modified: November 15, 2016