Alaska Administrative Code
Title 20 - Miscellaneous Boards and Commissions
Chapter 14 - Alaska Student Loan Corporation
Article 2 - Alaska Education Loan Refinancing Program
20 AAC 14.220 - Eligible loans
Universal Citation: 20 AK Admin Code 20 AAC 14.220
Current through February 27, 2024
(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 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.
Authority: AS 14.42.150
AS 14.42.200
AS 14.43.122
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