36 chapters · 1,018 sections in this title.
AS 14.43.010 Scholarships for dormitory rent.
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The high school student in each graduating class in each high school in the state who, upon the completion of four years of high school work in a high school in the state, obtains the highest average standing for all the credits earned, and who is graduated at an annual commencem…
AS 14.43.015 Alternate upon refusal or failure to accept.
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If a person entitled to receive the benefit of AS 14.43.010 declines or fails to accept it, the graduate next in line in class standing is entitled to receive the benefit.
AS 14.43.020 Applications for and issuance and report of certificates.
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A certificate shall be applied for and issued to a graduate before August 2 of each year and shall be reported immediately to the registrar of the University of Alaska by the superintendent or principal issuing it.
AS 14.43.025 Forfeiture of scholarship benefits.
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Failure to do passing work in more than one subject during a semester, or withdrawal or expulsion from the University of Alaska, constitutes a forfeiture during the following semester or semesters of the benefits of AS 14.43.010 and 14.43.015.
AS 14.43.030 Payment of scholarships.
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Article 2. University of Alaska Scholarships for Natives. Payment of the scholarships shall be made monthly to the University of Alaska upon vouchers drawn upon the Department of Administration and duly certified by the treasurer and the president of the Board of Regents. Payment…
AS 14.43.050 Purpose of scholarships.
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Because of the language difficulty and economic conditions of the Native peoples of the state, and the necessity for integrating the Native cultures with the state economy, it is the purpose of the legislature to provide assistance to Natives who wish to pursue a higher education…
AS 14.43.055 Scholarships.
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The Board of Regents of the University of Alaska shall offer not more than 15 new scholarships for each academic year to Alaska Natives desiring to attend the University of Alaska. The board shall give preference to Natives residing in the rural areas of the state who desire to r…
AS 14.43.060 Continuation of scholarships.
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The award of free room and board shall be made from any funds available to the University of Alaska. Each Native who receives a scholarship under AS 14.43.050 — 14.43.075 is entitled to retain the scholarship and to receive free room and board during attendance at the University …
AS 14.43.065 Scholarships in addition to other scholarships.
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The scholarships under AS 14.43.050 — 14.43.075 are supplemental and in addition to any other scholarship to which an applicant is entitled or may receive.
AS 14.43.075 Definition of Native.
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Article 3. Free Tuition and Fees for Spouse and Children of Certain Police, Fire, or Military Personnel. In AS 14.43.050 — 14.43.075, “Native” means a person between the ages of 17 and 25 who is a descendant of a member of the aboriginal races inhabiting the state when annexed to…
AS 14.43.080 Free tuition and fees at state-supported educational institutions. [Repealed, § 2 ch 50 SLA 1991.]
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[Repealed or reserved.]
AS 14.43.085 Free tuition and fees for a spouse or dependent of a peace officer or members of the armed services or a fire department.
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Article 4. Education Loan Program. (a) A person enrolled as a student in good standing in a state supported educational institution in this state is entitled to a waiver of undergraduate tuition and fees if the person was the spouse or dependent child of a bona fide resident of t…
AS 14.43.090 Scholarship revolving loan fund. [Repealed, § 42 ch 85 SLA 2001.]
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[Repealed or reserved.]
AS 14.43.091 Education loan program.
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(a) There is created the education loan program to provide loans to individuals who are students to assist in paying the costs of postsecondary education. The provisions of this section, AS 14.43.100 — 14.43.160, 14.43.910, 14.43.920, and 14.43.990 apply to the loans. (b) Upon ap…
AS 14.43.095 Financial aid committee. [Repealed, § 29 ch 43 SLA 1991.]
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[Repealed or reserved.]
AS 14.43.100 Applications.
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(a) Applications shall be submitted to the executive director of the commission. (b) A person whose loan application is not approved by the executive director of the commission may appeal to the commission and the commission shall consider the application.
AS 14.43.105 Administration of program.
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The executive director shall administer the programs subject to review by the commission and in accordance with the regulations adopted by the commission. The adoption of these regulations is subject to AS 44.62 (Administrative Procedure Act). A summary of the regulations shall b…
AS 14.43.110 Education loans.
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(a) In a school year, the commission may make a loan not to exceed (1) $8,500 to a full-time undergraduate student or $5,000 to a half-time undergraduate student attending a college or university if the full- or half-time student is otherwise eligible under AS 14.43.125; (2) $9,5…
AS 14.43.115 Graduate loans. [Repealed § 26 ch 5 SLA 1996.]
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[Repealed or reserved.]
AS 14.43.120 Conditions of loans.
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(a) Proceeds from an education loan to a full-time student may only be used for books and supplies, tuition and required fees, loan origination fees, and room and board. Proceeds from an education loan to a half-time student may only be used for books and supplies, tuition and re…
AS 14.43.122 Consolidation of loans.
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(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 mus…
AS 14.43.125 Eligibility of students.
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(a) A person is eligible for a loan if the person (1) is (A) enrolled as a full-time student in a career education, associate, baccalaureate, or graduate degree program; (B) enrolled as a half-time student in a career education, associate, baccalaureate, or graduate degree progra…
AS 14.43.130 Selection criteria. [Repealed, § 19 ch 67 SLA 1983.]
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[Repealed or reserved.]
AS 14.43.135 Discrimination prohibited.
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The programs established under this chapter shall be carried out without regard to the applicant's or participant's race, creed, sex, color, ancestry, national origin, or membership in fraternal or political organizations.
AS 14.43.140 Enforceability of certain contracts with minors.
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A written obligation entered into by a minor at least 16 years of age, evidencing a loan or other assistance received by the minor from any person for the purpose of furthering the minor's education in a career education program or an institution of higher learning, is enforceabl…
AS 14.43.145 Default.
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(a) For the purposes of this chapter, a loan is in default after a loan payment has become 180 or more days past due or, for a loan under AS 14.43.161 — 14.43.168 or 14.43.170 — 14.43.175, the default requirements established by the commission have been met. Upon default, (1) rep…
AS 14.43.147 Order to withhold and deliver.
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(a) Thirty days after the date a notice of default under AS 14.43.145(b) is mailed or the date of the decision of the executive director under AS 14.43.145(c), whichever is later, the commission may issue an order to withhold and deliver property to a person, or agency or politic…
AS 14.43.148 Nonrenewal of license.
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[Repealed or reserved.]
AS 14.43.149 Lien.
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(a) The amount owing on a loan that is in default under this chapter, including principal, interest, and collection costs, is a lien upon all property and right to property, real or personal, belonging to the borrower. The lien arises at the time that the commission mails or othe…
AS 14.43.150 Order to assign wages for defaulted loan.
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(a) In a court proceeding regarding a defaulted loan under this chapter in which the court has entered judgment in favor of the commission, the court may, on its own motion or motion of the commission, after notice and an opportunity for hearing, order the loan recipient to assig…
AS 14.43.151 Authority and procedure to administratively establish and enforce a collection order.
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If a judgment in favor of the commission has not been entered by the court regarding a defaulted loan awarded under this chapter, the commission may establish a duty to repay the defaulted loan through a collection order using the procedures prescribed in AS 14.43.152 — 14.43.155…
AS 14.43.152 Initiation of administrative action to establish a collection order; required notice.
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(a) An action to establish a collection order authorized under AS 14.43.151 is initiated by the commission's serving on the borrower a notice of establishment of collection order. The notice shall be served by mailing the notice to the borrower at (1) the borrower's most recent a…
AS 14.43.153 Hearings in administrative action to establish a collection order; burden of proof.
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(a) A borrower served with a notice of establishment of collection order under AS 14.43.152 is entitled to a hearing before the commission if the request for a hearing is served on the commission by registered mail, return receipt requested, within 30 days after the date the noti…
AS 14.43.154 Collection orders as judgments.
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A collection order is equivalent to a judgment and becomes vested (1) at the expiration of the 30-day period described in AS 14.43.153(b) if a hearing is not requested; or (2) on the date the hearing officer enters a decision in favor of the commission if a hearing was requested …
AS 14.43.155 Nature of remedies.
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AS 14.43.154 provides a remedy in addition to and not as a substitute for any other remedies available to the commission.
AS 14.43.160 Definitions.
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Article 5. AlaskAdvantage Loan Program. In AS 14.43.091 — 14.43.160, unless the context otherwise requires, (1) “career education” means a course or program in vocational-technical training or education approved by the commission; (2) “federally insured” means a loan covered by t…
AS 14.43.161 Purpose; creation.
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There is established the AlaskAdvantage loan program to provide postsecondary educational financial assistance through the federal guaranteed student loan program. The AlaskAdvantage loan program is the primary source for financial aid to eligible borrowers under this chapter.
AS 14.43.162 Eligibility.
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(a) For a borrower to be eligible for a loan under AS 14.43.161 — 14.43.168, the borrower must meet the eligibility requirements established by the federal guaranteed student loan program and must be (1) a resident of the state as determined under (b) of this section; or (2) phys…
AS 14.43.163 Restrictions on award.
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Under AS 14.43.161 — 14.43.168, the commission may make loans subject to the following restrictions: (1) a loan amount awarded may not exceed the maximum amount for the school year as established by the federal guaranteed student loan program; (2) a borrower may not be awarded a …
AS 14.43.164 Use of loan.
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A borrower may use a loan under AS 14.43.161 — 14.43.168 only for postsecondary education and reasonably related purposes as authorized by the federal guaranteed student loan program.
AS 14.43.165 Interest.
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(a) The corporation shall set the rate of interest on a loan made under AS 14.43.161 — 14.43.168 in accordance with federal and state law. Interest on a loan made under AS 14.43.l61 — 14.43.168 may not exceed the rate specified by the applicable provisions of the federal guarante…
AS 14.43.166 Repayment of loans.
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A borrower's obligation to commence repayment of the principal and interest on a loan under AS 14.43.161 — 14.43.166 and 14.43.168 begins six months after the borrower's completion or other termination of the postsecondary education program. The commission may accelerate the repa…
AS 14.43.167 Consolidation of loans.
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The commission may offer (1) an eligible borrower who has received more than one loan under the federal guaranteed student loan program the option of consolidating the multiple loans into a single loan; or (2) to consolidate loans made to married borrowers if the married borrower…
AS 14.43.168 Default.
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Article 6. Alaska Supplemental Education Loan Program. (a) The commission shall establish the default requirements for loans made under AS 14.43.161 — 14.43.168; however, the requirements may not be less restrictive than those established by the federal guaranteed student loan pr…
AS 14.43.170 Creation; purpose.
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There is created the Alaska supplemental education loan program to provide postsecondary educational supplemental financial assistance. Supplemental financial assistance is available to qualified borrowers to assist with unmet costs of attendance at a postsecondary institution ap…
AS 14.43.171 Applicability of other laws.
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The provisions of AS 14.43.120(b), 14.43.120(d)(4), 14.43.135, 14.43.140, and 14.43.145 — 14.43.160 apply to the loans made under AS 14.43.170 — 14.43.175 as if the loans were made under those applicable provisions.
AS 14.43.172 Eligibility.
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(a) For a borrower to be eligible for a loan under AS 14.43.170 — 14.43.175, the borrower must be, or be about to be, enrolled in a postsecondary institution on at least a half-time basis and must be (1) a resident of this state (A) attending or about to attend a postsecondary in…
AS 14.43.173 Loan award maximums; use of loan award.
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(a) In a school year, the corporation may finance a loan under AS 14.43.170 — 14.43.175 in a maximum amount to be determined by the corporation to an eligible (1) undergraduate student attending an eligible college or university; (2) graduate student attending an eligible college…
AS 14.43.174 Interest. [Repealed, § 45 ch 89 SLA 2014.]
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[Repealed or reserved.]
AS 14.43.175 Repayment of loans.
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Article 7. Memorial Education Revolving Loan Fund. A borrower's obligation to repay the principal of and interest on a loan made under AS 14.43.170 — 14.43.175 begins not later than six months following the borrower's completion or other termination of the postsecondary program o…