Alaska · Through Alaska Statutes 2025 (34th Legislature, 2025-2026)

AS 14.43.173: Loan award maximums; use of loan award.

(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.

Where this section sits in the code

Title 14. Education, Libraries, and Museums.
Chapter 43. Financial Aid Programs for Postsecondary Students.
Article 6. Alaska Supplemental Education Loan Program.

(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.

Collected 2026-09-02T06:17:00Z. Source file · JSON

Browse this collection