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Alaska Statutes Title 14. Education, Libraries, and Museums § 14.43.173. Loan award maximums; use of loan award

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

(a) In a school year, the corporation may finance a loan under AS 14.43.170--14.43.175 in a maximum amount to be determined by the corporation to an eligible

(1) undergraduate student attending an eligible college or university;

(2) graduate student attending an eligible college or university; and

(3) student attending an eligible career education program.

(b) The corporation may finance loans made under AS 14.43.170--14.43.175 to an eligible borrower in a maximum total amount to be determined by the corporation for

(1) an undergraduate study program;

(2) a graduate study program; and

(3) a combined undergraduate and graduate study program.

(c) To maintain a loan award under AS 14.43.170--14.43.175, the borrower must continue to be in good standing as determined by the institution and approved by the commission.

(d) The commission shall determine a borrower's loan award amount for a specific school year, which may not exceed the limits established by the corporation or the borrower's costs of attendance.

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Cite this article: FindLaw.com - Alaska Statutes Title 14. Education, Libraries, and Museums § 14.43.173. Loan award maximums; use of loan award - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-14-education-libraries-and-museums/ak-st-sect-14-43-173/

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