Alaska Statutes.
Title 14. Education, Libraries, and Museums
Chapter 43. Financial Aid Programs For Postsecondary Students
Section 173. Loan Award Maximums; Use of Loan Award.
previous: Section 172. Eligibility.
next: Section 174. Interest. [Repealed, § 45 ch 89 SLA 2014.]

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.

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