Alaska Administrative Code
Title 20 - Miscellaneous Boards and Commissions
Chapter 19 - Financial Support for the WWAMI Program
20 AAC 19.060 - Repayment
Current through February 27, 2024
(a) A participant in the WWAMI program shall repay the total amount required to be repaid under AS 14.43.510 in monthly installments over a period of not more than 15 years from commencement of the repayment obligation.
(b) Procedures contained in 20 AAC 15.960(b) and (c) apply to payments on a repayment obligation under this chapter.
(c) If the participant requests and economic hardship is shown, the commission staff shall extend the payment period of a repayment obligation for an additional period of up to five years. Standards contained in 20 AAC 15.960(d) apply to determine economic hardship under this section. The participant must apply for an economic hardship extension on a form obtained from the commission, along with supporting documentation as required. The commission staff shall advise a participant of the increased costs associated with the extension of the repayment period.
(d) A repayment obligation is in default, and is accelerated and due in full, if
(e) For the purpose of AS 14.43.510, the commission will consider a participant to have terminated studies if the participant is dismissed, takes a leave of absence, or withdraws from the University of Washington School of Medicine. If the participant resumes studies in the WWAMI program after a leave of absence, the person will no longer be considered to have terminated studies and interest accrual on the repayment obligation ceases at the time the participant resumes studies.
Authority:AS 14.42.030
AS 14.43.510