GroundRules
AS 14.43.122: Consolidation of loans.
Where this section sits in the code
- Title 14. Education, Libraries, and Museums.
- Chapter 43. Financial Aid Programs for Postsecondary Students.
- Article 4. Education Loan Program.
(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.
Collected 2026-09-02T06:17:00Z. Source file · JSON