Alaska Statutes: AS 14.42.990. Definitions.

Alaska Statutes. Title 14. Education, Libraries, and Museums Chapter 42. Postsecondary Education Commission and Loan Corporation Section 990. Definitions.

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AS 14.42.990. Definitions.

In this chapter, unless the context requires otherwise,
        (1) "board" means the board of directors of the corporation;
        (2) "commission" means the Alaska Commission on Postsecondary Education created in AS 14.42.015;
        (3) "corporation" means the Alaska Student Loan Corporation created in AS 14.42.100;
        (4) "education loan" means a loan that is eligible for financing or is financed from the education loan fund established in AS 14.42.210;
        (5) "eligible student" means an individual who meets the eligibility requirements established by the federal guaranteed student loan program or as otherwise set out in this chapter;
        (6) "federal guaranteed student loan program" means the programs of the United States government that make postsecondary educational financial aid available under 20 U.S.C. 1070 - 1099c-2, as amended;
        (7) "repayment obligation" means an obligation to repay financial support that is financed from the education loan fund established in AS 14.42.210 or otherwise administered by the commission.

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