Alaska Statutes Title 14, Chapter 14.43, Article 04 - Education Loan Program

• Sec. 14.43.090 Scholarship Revolving Loan Fund. [Repealed, Sec. 42 Ch 85 Sla 2001].
  Repealed or Renumbered
• Sec. 14.43.091 Education Loan Program.
  (a) There is created the education loan program to provide loans to individuals who are students to assist in paying the costs of postsecondary...
• Sec. 14.43.095 Financial Aid Committee. [Repealed, Sec. 29 Ch 43 Sla 1991].
  Repealed or Renumbered
• Sec. 14.43.100 Applications.
  (a) Applications shall be submitted to the executive director of the commission.(b) A person whose loan application is not approved by the executive director...
• Sec. 14.43.105 Administration of Program.
  The executive director shall administer the programs subject to review by the commission and in accordance with the regulations adopted by the commission. The...
• Sec. 14.43.110 Education Loans.
  (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...
• Sec. 14.43.115 Graduate Loans. [Repealed Sec. 26 Ch 5 Sla 1996].
  Repealed or Renumbered
• Sec. 14.43.120 Conditions of Loans.
  (a) Proceeds from an education loan to a full-time student may only be used for books and supplies, tuition and required fees, loan origination...
• Sec. 14.43.122 Consolidation of Loans.
  (a) The corporation may offer a borrower who has received more than one education loan the option of consolidating the multiple loans into a...
• Sec. 14.43.125 Eligibility of Students.
  (a) A person is eligible for a loan if the person(1) is(A) enrolled as a full-time student in a career education, associate, baccalaureate, or...
• Sec. 14.43.130 Selection Criteria. [Repealed, Sec. 19 Ch 67 Sla 1983].
  Repealed or Renumbered
• Sec. 14.43.135 Discrimination Prohibited.
  The programs established under this chapter shall be carried out without regard to the applicant's or participant's race, creed, sex, color, ancestry, national origin,...
• Sec. 14.43.140 Enforceability of Certain Contracts With Minors.
  A written obligation entered into by a minor at least 16 years of age, evidencing a loan or other assistance received by the minor...
• Sec. 14.43.145 Default.
  (a) For the purposes of this chapter, a loan is in default after a loan payment has become 180 or more days past due...
• Sec. 14.43.147 Order to Withhold and Deliver.
  (a) Thirty days after the date a notice of default under AS 14.43.145(b) is mailed or the date of the decision of the executive...
• Sec. 14.43.148 Nonrenewal of License.
  (a) Notwithstanding any other provision of law, a licensing entity may not renew a license issued to a borrower if the licensing entity has...
• Sec. 14.43.149 Lien.
  (a) The amount owing on a loan that is in default under this chapter, including principal, interest, and collection costs, is a lien upon...
• Sec. 14.43.150 Order to Assign Wages for Defaulted Loan.
  (a) In a court proceeding regarding a defaulted loan under this chapter in which the court has entered judgment in favor of the commission,...
• Sec. 14.43.151 Authority and Procedure to Administratively Establish and Enforce a Collection Order.
  If a judgment in favor of the commission has not been entered by the court regarding a defaulted loan awarded under this chapter, the...
• Sec. 14.43.152 Initiation of Administrative Action to Establish a Collection Order; Required Notice.
  (a) An action to establish a collection order authorized under AS 14.43.151 is initiated by the commission's serving on the borrower a notice of...
• Sec. 14.43.153 Hearings in Administrative Action to Establish a Collection Order; Burden of Proof.
  (a) A borrower served with a notice of establishment of collection order under AS 14.43.152 is entitled to a hearing before the commission if...
• Sec. 14.43.154 Collection Orders As Judgments.
  A collection order is equivalent to a judgment and becomes vested(1) at the expiration of the 30-day period described in AS 14.43.153(b) if a...
• Sec. 14.43.155 Nature of Remedies.
  AS 14.43.154 provides a remedy in addition to and not as a substitute for any other remedies available to the commission.
• Sec. 14.43.160 Definitions.
  In AS 14.43.091 - 14.43.160, unless the context otherwise requires,(1) "career education" means a course or program in vocational-technical training or education approved by...

Last modified: November 15, 2016