20 AAC 15.720. ASEL alternative application process

(a) A student requesting an ASEL to attend a school other than a FFELP eligible school, a student found by the United States Department of Education to be ineligible for participation in the FFELP, or a student who is unable to complete the FAFSA must complete the ASEL alternative application process set out in this section.

(b) A student using the ASEL alternative application must certify, on a form published by the commission, that the student is not eligible for an AlaskAdvantage loan. In that form, the commission will advise the student that because of the student's failure to seek eligibility for a FFELP, the student

(1) foregoes access to Pell grant and other aid available under 20 U.S.C. 1001 - 1155 (Higher Education Act of 1965);

(2) foregoes access to borrower benefits only available through the FFELP; and

(3) acknowledges that the student is advised that the institution is not accredited by an accrediting agency recognized by the secretary, if the ineligibility arises from the student's attendance at that institution.

History: Eff. 7/1/2002, Register 162

Authority: AS 14.42.030

AS 14.43.170

Editor's note: As of Register 172 (January 2005), and acting under AS 44.62.125 (b)(6) and sec. 34, ch. 63, SLA 2004, the regulations attorney made technical changes to reflect the name change of the Alaska advantage loan program to the AlaskAdvantage loan program made by secs. 10, 13, and 28, ch. 63, SLA 2004.

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