(a) The legislature may pay tribute to the memory of Alaskans who, by the example of their lives, or by their distinguished contribution and service to this state, their community or their profession, exemplified the best that is the challenge of “The Great Land” by the creation of memorial education loans as a part of […]
(a) There is created a memorial education revolving loan fund. The fund shall be used to provide education loans to students selected under AS 14.43.250 – 14.43.325. Repayments of a loan shall be deposited into the memorial education revolving loan fund and shall be used to make new loans. (b) Each memorial education loan, the […]
(a) An education loan to a recipient under AS 14.43.250(b)(1) – (4) or (6) may not exceed $2,500 a school year for an undergraduate student or $5,000 a school year for a graduate student and may not be made to a student for more than six years. An education loan to a recipient under AS […]
(a) Memorial education loans under AS 14.43.250(b)(1) – (4) or (6) shall be noninterest-bearing and security for the loan may not be required. However, the note signed by the recipient shall provide for the payment of attorney fees, costs of court, and skip-tracing fees if any are incurred in collection of the unpaid amount owed […]
(a) In selecting from among eligible applicants a person who will be granted a loan under AS 14.43.250 – 14.43.325, the administering authority shall consider the following: (1) the applicant’s career goals and aspirations; (2) the applicant’s prior academic record; (3) the financial need of the applicant; and (4) other items that may be considered […]
(a) The memorial education loans provided for under AS 14.43.250 – 14.43.325 shall be administered by the executive director of the commission, subject to review by the commission and to those regulations the commission may prescribe to carry out the purposes of AS 14.43.250 – 14.43.325. (b) To the extent that they are not in […]
(a) The memorial education revolving loan fund created under AS 14.43.255 shall be funded by voluntary contributions by state employees who may contribute the value of one or more days of annual leave a year to the memorial education revolving loan fund to be credited to any one or more of the education loan accounts […]
