Alaska Statutes.
Title 14. Education, Libraries, and Museums
Chapter 43. Financial Aid Programs For Postsecondary Students
Section 750. Eligibility.
previous: Section 740. Loan Terms, Limits, and Conditions.
next: Section 790. Definitions. [Repealed, § 18 Ch 54 SLA 1997].

AS 14.43.750. Eligibility.

   (a) A person may apply for and obtain a family education loan on behalf of a family member if
        (1) the borrower and the family member
             (A) are residents of the state at the time of application for the loan; for purposes of this paragraph, a borrower and family member qualify as residents of the state if the borrower and the family member have been physically present in the state for at least one year immediately before the time of application for the loan with the intent to remain indefinitely or, if not physically present in the state, the borrower and family member have not declared or established residency in another state, intend to return permanently to the state, and the absence meets the requirements imposed under AS 14.43.125(a)(3)(C)(i) - (vi);
             (B) satisfy the requirements of AS 14.43.125(a)(6) - (9);
        (2) the family member
             (A) is enrolled as a full-time student in a career education, associate, baccalaureate, or graduate degree program; or
             (B) is a graduate of a high school or the equivalent, or scheduled for graduation from a high school within six months, who, at the time of loan disbursement, will be enrolled in compliance with (A) of this paragraph; and
        (3) neither the borrower nor the family member
             (A) is delinquent or has ever been in default on a loan previously awarded by the commission unless the defaulted loan has been voluntarily paid in full;
             (B) is past due on a child support obligation established by court order or by the child support services agency under AS 25.27.160 - 25.27.220 at the time of application or loan disbursement;
             (C) has, within the previous five years, had a loan discharged or written off by the commission for any reason.
   (b) [Repealed, § 26 ch 5 SLA 1996].

All content © 2024 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2022. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.