Alaska Statutes.
Title 14. Education, Libraries, and Museums
Chapter 43. Financial Aid Programs For Postsecondary Students
Section 122. Consolidation of Loans.
previous: Section 120. Conditions of Loans.
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AS 14.43.122. Consolidation of Loans.

   (a) The corporation may offer a borrower who has received more than one education loan the option of consolidating the multiple loans into a single loan as provided in this section.
   (b) For a borrower to be eligible for consolidation of a loan under this section, the borrower must apply on a form approved by the corporation and must
        (1) physically reside in the state and have maintained a domicile in the state for not less than 12 consecutive months before submitting an application for consolidation;
        (2) be a previous borrower, cosigner, or beneficiary of an education loan made under AS 14.43 or AS 14.44; or
        (3) be a graduate of a high school or postsecondary institution physically located in the state.
   (c) In this section, “education loan” means a loan to finance the cost of attendance at a postsecondary institution in or outside the state.

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