Sec. 14.43.710. Program established.
The Alaska family education loan program is established to provide low interest loans to families to assist in paying the costs of postsecondary education for family members.
Sec. 14.43.720. Family education loan account.
(a) The family education loan account is created within the education loan fund (AS 14.42.210). The account shall be used to make family education loans to families selected under AS 14.43.710 – 14.43.750, to pay the costs of collecting family education loans that are in default if those costs are not recovered from the family, […]
Sec. 14.43.740. Loan terms, limits, and conditions.
(a) The provisions of AS 14.43.100, 14.43.120(a) – (c), (m), and (r) – (u), 14.43.122, 14.43.135, 14.43.145 – 14.43.155, 14.43.173, and 14.43.910 – 14.43.990 apply to a loan made under AS 14.43.710 – 14.43.750. (b) [Repealed, § 18 ch 54 SLA 1997.] (c) The corporation shall set the interest rate on a loan made under […]
Sec. 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 […]
Sec. 14.43.810. Alaska performance scholarship program established; regulations.
(a) The Alaska performance scholarship program is established to provide scholarships for high school graduates who are Alaska residents to attend a qualified postsecondary institution in the state. (b) The department shall, in consultation with the commission, adopt regulations necessary to implement the Alaska performance scholarship program. The commission shall administer the daily operations of […]
Sec. 14.43.820. Alaska performance scholarship program; eligibility.
(a) Subject to appropriation, the commission shall award an Alaska performance scholarship to an applicant who (1) is a resident of the state as defined in AS 01.10.055; (2) graduated or will graduate within six months from a high school in the state; (3) except as provided in (c) of this section, has completed a […]
Sec. 14.43.825. Maximum annual awards.
(a) The maximum annual awards for the Alaska performance scholarships are as follows: (1) the first award level is $4,755 and requires a (A) 3.5 grade-point average or above; and (B) very high minimum score on a college entrance examination; (2) the second award level is $3,566 and requires a (A) 3.0 grade-point average or […]
Sec. 14.43.830. Qualified postsecondary institutions.
(a) The following institutions are qualified postsecondary institutions for purposes of awarding an Alaska performance scholarship: (1) a university or college physically located in the state that (A) is authorized to operate in the state under AS 14.48.020 or is exempt from authorization under AS 14.48.030(b)(1); (B) is accredited by a regional or national accreditation […]
Sec. 14.43.840. Report to the legislature.
(a) To the extent permitted under law, the department, the commission, the University of Alaska, and the Department of Labor and Workforce Development shall share data necessary to prepare public reports regarding the program. (b) Not more than 10 days after the convening of each regular legislative session, the department, the commission, the University of […]
Sec. 14.43.849. Definitions.
In AS 14.43.810 – 14.43.849, unless the context requires otherwise, (1) “department” means the Department of Education and Early Development; (2) “grade-point average” means the average of all grades on a four-point scale, or five-point scale for advanced placement classes, obtained by the student in high school; (3) “high school” means a public or accredited […]