 |
Alaska Administrative Code (Last Updated: January 12, 2017) |
 |
Title 20. Miscellaneous Boards and Commissions. |
|
Chapter 20.14. Alaska Student Loan Corporation. |
|
Article 20.14.2. Alaska Education Loan Refinancing Program. |
Section 20.14.220. Eligible loans.
Latest version.
-
(a) Loans eligible for refinancing under 20 AAC 14.200 - 20 AAC 14.240 must be qualified education loans and may include (1) Stafford, PLUS, or federal consolidation loans; (2) Qualified education loans made by private or state lenders; (3) Loans made under AS 14.43.091 - 14.43.160, 14.43.170 - 14.43.175, 14.43.600 - 14.43.700, or 14.43.710 - 14.43.750; and (4) Loans made under 20 AAC 14.200 - 20 AAC 14.240, when a new loan is being incorporated into an existing refinancing loan. (b) The commission may include in a refinancing loan a loan that is not a qualified education loan if the refinancing loan is not funded from tax-exempt bond proceeds. (c) A loan eligible for refinancing under 20 AAC 14.200 - 20 AAC 14.240 must (1) be in a grace or repayment status; (2) if in repayment status, be current in repayment; and (3) be for a student who was a resident of this state at the time the underlying loan was originated, if a family member of the student borrowed the loan on behalf of the student.
Authorities
14.42.150;14.42.200;14.43.122