Alaska Statutes Title 14, Chapter 14.43, Article 05 - Alaskadvantage Loan Program

• Sec. 14.43.161 Purpose; Creation.
  There is established the AlaskAdvantage loan program to provide postsecondary educational financial assistance through the federal guaranteed student loan program. The AlaskAdvantage loan program...
• Sec. 14.43.162 Eligibility.
  (a) For a borrower to be eligible for a loan under AS 14.43.161 - 14.43.168, the borrower must meet the eligibility requirements established by...
• Sec. 14.43.163 Restrictions on Award.
  Under AS 14.43.161 - 14.43.168, the commission may make loans subject to the following restrictions:(1) a loan amount awarded may not exceed the maximum...
• Sec. 14.43.164 Use of Loan.
  A borrower may use a loan under AS 14.43.161 - 14.43.168 only for postsecondary education and reasonably related purposes as authorized by the federal...
• Sec. 14.43.165 Interest.
  (a) The corporation shall set the rate of interest on a loan made under AS 14.43.161 - 14.43.168 in accordance with federal and state...
• Sec. 14.43.166 Repayment of Loans.
  A borrower's obligation to commence repayment of the principal and interest on a loan under AS 14.43.161 - 14.43.166 and 14.43.168 begins six months...
• Sec. 14.43.167 Consolidation of Loans.
  The commission may offer(1) an eligible borrower who has received more than one loan under the federal guaranteed student loan program the option of...
• Sec. 14.43.168 Default.
  (a) The commission shall establish the default requirements for loans made under AS 14.43.161 - 14.43.168; however, the requirements may not be less restrictive...

Last modified: November 15, 2016