Alaska Administrative Code
Title 20 - Miscellaneous Boards and Commissions
Chapter 18 - WICHE Professional Student Exchange Loan Program
20 AAC 18.050 - Funding priority
Universal Citation: 20 AK Admin Code 20 AAC 18.050
Current through February 27, 2024
(a) The commission staff may not certify an applicant for the PSE program until the commission determines the amount available to fund PSE loan applications for the school year.
(b) If money made available under AS 14.42.210(a) is not sufficient to offer PSE loans to all applicants who are eligible for certification, the commission will award PSE loans in the following order of priority:
(1) all continuing students in all
fields;
(2) one new PSE applicant
in each field determined through a cooperative ranking by participating schools
as conducted by WICHE staff;
(3)
remaining new PSE applicants in fields ranked according to a weighting system
approved by the commission based on criteria established in
20 AAC 18.007; and
(4) alternate PSE applicants based on the
ranking system set out in (2) and (3) of this subsection.
Authority:AS 14.44.035
AS 14.44.040
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