Title 14, Education, Libraries, and Museums

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…

(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…

(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…

(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…

(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…

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…

(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…

(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…

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 14.43.154 provides a remedy in addition to and not as a substitute for any other remedies available to the commission.

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 the provisions of 20 U.S.C. 1001 — 1155, …

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.

(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…

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 …

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.

(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…

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…

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…

(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 program. (b) The provisions of AS 14.43.145 — 14.43.155 a…

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…

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.

(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…

(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…

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 or on the date the borrower ceases to be enrolled in…

(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 …

(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 …

(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 un…

(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 ar…

(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 finan…

(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…

(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 …

There is created the Alaska education grant program to provide financial assistance to eligible students to enable them to attend, or continue their attendance at, postsecondary educational institutions. Funds designated by the corporation or appropriated for this program may be …

(a) The Alaska education grant program created under AS 14.43.400 — 14.43.420 shall be administered by the executive director of the commission. (b) [Repealed, § 31 ch 63 SLA 2004.]

(a) To the extent they are not in conflict with the provisions of AS 14.43.400 — 14.43.420, the provisions of AS 14.43.162(b), 14.43.910, and 14.43.920 apply to a grant made under AS 14.43.400 — 14.43.420. (b) In determining a student's eligibility for a grant under AS 14.43.400 …

(a) For an applicant to be eligible for a grant under AS 14.43.400 — 14.43.420, the applicant must be (1) a resident of this state; (2) enrolled or about to be enrolled (A) at an institution located in the state that is (i) accredited by an institutional accrediting body recogniz…

(a) A grant made under AS 14.43.400 — 14.43.420 may not be in an amount that exceeds $4,000 for each school year. (b) [Repealed, § 31 ch 63 SLA 2004.] (c) A student may receive not more than a total of $16,000 in grants awarded under AS 14.43.400 — 14.43.420. (d) The commission m…

(a) Except as provided under (b) and (c) of this section, as a condition of participating in a medical education program under AS 14.42.033, a program participant shall agree to either return to the state and actively engage in professional medical practice or repay financial sup…

(a) The legislature finds that there is a wide and unacceptable disparity between the distribution of Native teachers and Native students in rural elementary and secondary schools in the state. Many rural schools have virtually no Native teachers and no non-Native students. The u…

There is established the teacher education loan program to provide an incentive for rural high school graduates to pursue teaching careers in rural elementary and secondary schools in the state.

(a) The teacher education revolving loan fund is created for the purpose of making education loans to students selected under AS 14.43.600 — 14.43.700. The fund consists of money or assets appropriated or transferred to the commission for deposit into the fund, money or assets de…

(a) The teacher education loan program shall be administered by the commission in accordance with regulations adopted by the commission. The commission shall (1) allocate the loan awards available for teacher education loans annually to local school boards giving a preference to …

(a) To the extent that they are not in conflict with the provisions of AS 14.43.600 — 14.43.700, the provisions of AS 14.43.100 — 14.43.160 are applicable to loans made under AS 14.43.600 — 14.43.700. (b) If a borrower meets the conditions provided in (a) of this section and is e…

(a) To be eligible for a teacher education loan, a student must (1) be a graduate of a public or private high school in the state, with sufficient credits to be admitted to an accredited college or university; (2) be enrolled in or show evidence of intent to enroll in a degree pr…

In AS 14.43.600 — 14.43.700, “rural” means a community with a population of 7,500 or less that is not connected by road or rail to Anchorage or Fairbanks or a community with a population of 1,500 or less that is connected by road or rail to Anchorage or Fairbanks.

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.