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Alaska Statutes Title 14. Education, Libraries, and Museums § 14.43.122. Consolidation of loans

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The corporation may offer a borrower who has received more than one education loan the option of consolidating the multiple loans into a single loan as provided in this section.

(b) For a borrower to be eligible for consolidation of a loan under this section, the borrower must apply on a form approved by the corporation and must

(1) physically reside in the state and have maintained a domicile in the state for not less than 12 consecutive months before submitting an application for consolidation;

(2) be a previous borrower, cosigner, or beneficiary of an education loan made under AS 14.43 or AS 14.44; or

(3) be a graduate of a high school or postsecondary institution physically located in the state.

(c) In this section, “education loan” means a loan to finance the cost of attendance at a postsecondary institution in or outside the state.

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Cite this article: FindLaw.com - Alaska Statutes Title 14. Education, Libraries, and Museums § 14.43.122. Consolidation of loans - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-14-education-libraries-and-museums/ak-st-sect-14-43-122/

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