Alaska Administrative Code
Title 20 - Miscellaneous Boards and Commissions
Chapter 15 - Student Financial Aid
Article 11 - General Provisions
20 AAC 15.966 - Loan forbearance and alternative repayment options
Universal Citation: 20 AK Admin Code 20 AAC 15.966
Current through November 28, 2024
(a) Under AS 14.43.120(g) the commission may provide a borrower with a loan forbearance or alternative repayment schedule to provide a short- or long-term rate of repayment relief. A borrower may not obtain a loan forbearance of a family education loan awarded under AS 14.43.710-14.43.750.
(b) If a borrower and the commission agree to a period of loan forbearance or an alternative repayment schedule, the commission will disclose to the borrower in writing, the financial effect of costs of financing the loan.
Authority:AS 14.42.030
AS 14.43.105
AS 14.43.120
AS 14.43.320
AS 14.43.630
AS 14.43.730
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