20 AAC 15 — Student Financial Aid (Article 1 to 11)

Notes 20 AAC 15.525 Eff. 2/28/90, Register 113; repealed 11/26/94, Register 132 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will …

Notes 20 AAC 15.530 Eff. 2/28/90, Register 113; am 11/26/94, Register 132; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More…

Notes 20 AAC 15.535 Eff. 2/28/90, Register 113; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

(a) Borrowing under the Alaska family education loan program is subject to annual and aggregate limits under AS 14.43.173(a) and (b). (b) A borrower who receives loans under the Alaska family education loan program and has borrowed up to the aggregate limit under 14.43.173(b) may…

(a) The student recipient must sign a statement on the promissory note that the student recipient will comply with the requirements of this section. Commission staff may not make loan disbursements to a student recipient who has not complied with a requirement of this section. (b…

Notes 20 AAC 15.545 Eff. 2/28/90, Register 113; am 11/26/94, Register 132; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More…

The repayment period begins on the date of the last disbursement made on the loan. The first payment is due within 60 days after the date the loan is fully disbursed. Notes 20 AAC 15.550 Eff. 2/28/90, Register 113; am 11/27/94, Register 132; am 12/4/96, Register 140; am 3/22/97, …

Notes 20 AAC 15.560 Eff. 2/28/90, Register 113; repealed 12/4/96, Register 140 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

Notes 20 AAC 15.565 Eff. 2/28/90, Register 113; repealed 6/23/95, Register 134 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

Notes 20 AAC 15.570 Eff. 2/28/90, Register 113; am 11/28/92, Register 124; repealed 6/23/95, Register 134 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More…

Notes 20 AAC 15.575 Eff. 2/28/90, Register 113; repealed 6/23/95, Register 134 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

Notes 20 AAC 15.580 Eff. 2/28/90, Register 113; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

In 20 AAC 15.510 - 20 AAC 15.590, (1) "family member" means a spouse, child, step-child, foster child, or grandchild of the borrower; (2) repealed 3/15/98; (3) "student recipient" means the family member for whom the loan is made. Notes 20 AAC 15.590 Eff. 2/28/90, Register 113; a…

The A.W. "Winn" Brindle memorial education loan program provides low cost education loans to Alaskans enrolled as full-time students in undergraduate, graduate or career vocational-technical degree programs at accredited schools in fisheries, fishery science, fishery management, …

Notes 20 AAC 15.615 Eff. 3/31/90, Register 113; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

(a) In selecting from among the eligible applicants those who will be awarded a memorial education loan, priority will be given to those who(1) received a loan under this program during the previous academic year and are ranked by highest to lowest grade level; or (2) are nominat…

(a) An Alaska resident attending, or planning to attend, an eligible degree program at either an in-state or out-of-state postsecondary institution who wishes to apply for an A.W. "Winn" Brindle memorial education loan must complete and submit an application on a form obtained fr…

Notes 20 AAC 15.630 Eff. 3/31/90, Register 113; am 11/26/94, Register 132; am 7/1/96, Register 138; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prio…

Notes 20 AAC 15.635 Eff. 3/31/90, Register 113; am 11/26/94, Register 132; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More…

Notes 20 AAC 15.640 Eff. 3/31/90, Register 113; am 11/26/94, Register 132; am 11/27/94, Register 132; am 12/4/96, Register 140; am 3/22/97, Register 141; repealed 3/15/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a c…

Notes 20 AAC 15.645 Eff. 3/31/90, Register 113; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

Notes 20 AAC 15.650 Eff. 3/31/90, Register 113; repealed 12/4/96, Register 140 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

Notes 20 AAC 15.655 Eff. 3/31/90, Register 113; am 11/28/92, Register 124; repealed 6/23/95, Register 134 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More…

Notes 20 AAC 15.660 Eff. 3/31/90, Register 113; am 11/28/92, Register 124; repealed 6/23/95, Register 134 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More…

Notes 20 AAC 15.665 Eff. 3/31/90, Register 113; repealed 6/23/95, Register 134 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

Notes 20 AAC 15.670 Eff. 3/31/90, Register 113; repealed 3/22/97, Register 141 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will b…

(a) To qualify for a forgiveness benefit under AS 14.43.305(j), the borrower must(1) provide documentation that the borrower has satisfied the requirements of AS 14.43.305(j) and this section; and (2) be current in repayment in compliance with AS 14.43.120 and 20 AAC 15 on the lo…

Notes 20 AAC 15.690 Eff. 3/31/90, Register 113; am 12/13/93, Register 129; am 11/26/94, Register 132; am 11/27/94, Register 132; am 3/22/97, Register 141; repealed 3/15/98, Register 145 State regulations are updated quarterly; we currently have two versions available. Below is a …

The Alaska supplemental education loan program (ASELP) provides low-cost education loans to residents of this state attending eligible institutions, and to students attending eligible institutions in this state. This loan is available to an otherwise eligible borrower to pay allo…

(a) A borrower of an Alaska supplemental education loan (ASEL) must meet the eligibility requirements of AS 14.43.172 and 14.43.173 and (1) must be enrolled and admitted into an eligible program of study on at least a half-time basis; (2) must maintain satisfactory academic progr…

To participate in the ASELP, an institution must apply for and be granted approval under 20 AAC 15.922. Notes 20 AAC 15.710 Eff. 7/1/2002, Register 162 As of Register 191 (October 2009), the regulations attorney made a technical revision under AS 44.62.125(b)(6), to 20 AAC 15.710…

(a) A student requesting an ASEL must complete and submit the FAFSA to the United States Department of Education in the manner set out in the FAFSA, if the student's institution of attendance requires the FAFSA. (b) Repealed 11/16/2012. (c) The commission staff shall process appl…

Notes 20 AAC 15.720 Eff. 7/1/2002, Register 162; am 6/7/2007, Register 182; repealed 11/16/2012, Register 204 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. …

(a) For purposes of 20 AAC 15.700 - 20 AAC 15.795, and except as provided in (b) of this section, the term "borrower" does not include an endorser unless specifically indicated. (b) For purposes of AS 14.43.145, the term "borrower" includes an endorser, if any. Notes 20 AAC 15.72…

(a) If a loan or repayment obligation becomes delinquent or in default, the borrower or endorser, if any, shall pay the fees and costs described in 20 AAC 15.975. (b) Repealed 12/31/2005. (c) Interest on a loan accrues from the time the loan is disbursed. Unpaid accrued interest …

(a) A loan award will be based upon computation of allowable costs of attendance, and may not exceed a borrower's estimated cost of attendance less other forms of financial aid awarded to the borrower to pay for these costs for the period of enrollment for which the loan is inten…

(a) Administration, certification, and refund of ASEL loans, and disbursement of ASEL loan money will be conducted in accordance with the applicable provisions of 20 AAC 15.950 and 20 AAC 15.955. (b) Repealed 12/29/2010. (c) Repealed 12/29/2010. (d) The institution is responsible…

(a) Repealed 12/29/2010. (b) A borrower's repayment schedule under AS 14.43.175 shall require a first payment due within 45 days after the first day of the repayment period. (c) The commission may establish a forbearance, a deferment, or an alternative repayment schedule with a b…

(a) Except where otherwise specified in AS 14.43.170-14.43.175 and 20 AAC 15.700 - 20 AAC 15.795, a borrower may defer payments after the beginning of the repayment period in accordance with the conditions set out in 20 AAC 15.965. (b) Repealed 12/31/2005. (c) Repealed 12/31/2005…

(a) A request for forbearance of an ASEL will be considered under 20 AAC 15.966. (b) Repealed 12/31/2005. (c) Repealed 12/31/2005. (d) Repealed 12/29/2010. (e) Repealed 12/29/2010. (f) Repealed 12/29/2010. Notes 20 AAC 15.755 Eff. 7/1/2002, Register 162; am 12/31/2005, Register 1…

A request for medical cancellation of an ASEL will be considered under 20 AAC 15.920. Notes 20 AAC 15.760 Eff. 7/1/2002, Register 162 Authority:AS 14.42.030 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most r…

Delinquency and default of an ASEL will be determined under 20 AAC 15.970. Notes 20 AAC 15.765 Eff. 7/1/2002, Register 162 Authority:AS 14.42.030 AS 14.42.171 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most…

Complaints and appeals regarding administration of the ASELP will be considered under 20 AAC 15.915. Notes 20 AAC 15.770 Eff. 7/1/2002, Register 162; am 1/30/2003, Register 165 Authority:AS 14.42.030 State regulations are updated quarterly; we currently have two versions availabl…

An institution that participates in the ASELP is subject to periodic audits for purposes of determining verification of student loan eligibility, management of student loan documents, compliance with the program participation agreement, if any, and compliance with state statutes …

The commission staff shall calculate an institutional rate of default under AS 14.43.120(d)(4) and 20 AAC 15.925. Notes 20 AAC 15.780 Eff. 7/1/2002, Register 162 Authority:AS 14.42.030 AS 14.43.171 State regulations are updated quarterly; we currently have two versions available.…

(a) Except for an institution that is authorized to participate in federal student aid programs under 20 U.S.C. 1070- 1099d (Title IV of the Higher Education Act of 1965), an institution with a default rate calculated under 20 AAC 15.925 in excess of 20 percent shall develop and …

In accordance with AS 14.43.145-14.43.155, the commission may administratively collect on a defaulted ASEL. The commission will perform those collection activities in accordance with applicable state laws and with 20 AAC 15.970 and 20 AAC 15.972. Notes 20 AAC 15.790 Eff. 7/1/2002…

In 20 AAC 15.700 - 20 AAC 15.795, unless the context requires otherwise, (1) "ASEL" means a loan awarded under AS 14.43.170-14.43.175 (Alaska Supplemental Education Loan Program); (2) "ASELP" means the Alaska supplemental education loan program under AS 14.43.170-14.43.175; (3) "…

Notes 20 AAC 15.810 Eff. 11/4/94, Register 132; am 4/24/98, Register 146; am 12/26/2014, Register 212, January 2015; repealed 7/31/2016, Register 219, October 2016 As of July 31, 2016, the substance of former 20 AAC 15.810, 20 AAC 15.815, 20 AAC 15.820, 20 AAC 15.825, 20 AAC 15.8…

Notes 20 AAC 15.815 Eff. 11/5/2000, Register 156; repealed 7/31/2016, Register 219, October 2016 As of July 31, 2016, the substance of former 20 AAC 15.810, 20 AAC 15.815, 20 AAC 15.820, 20 AAC 15.825, 20 AAC 15.830, 20 AAC 15.835, 20 AAC 15.840, 20 AAC 15.845, 20 AAC 15.850, 20 …