Alaska Administrative Code
Title 20 - Miscellaneous Boards and Commissions
Chapter 15 - Student Financial Aid
Article 2 - AlaskAdvantage Federal Consolidation Loan Program
20 AAC 15.093 - Loan servicing and repayment
Universal Citation: 20 AK Admin Code 20 AAC 15.093
Current through November 28, 2024
(a) Federal consolidation loans will be serviced in accordance with 34 C.F.R. 682.208.
(b) Repayment begins no later than 60 days from the date the federal consolidation loan is disbursed and must be repaid in accordance with 34 C.F.R. 682.209.
(c) The minimum monthly payment on a federal consolidation loan is $50, unless the borrower and the commission staff agree to an alternate repayment amount.
Authority:AS 14.43.030
AS 14.43.167
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