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Alaska Statutes (Last Updated: January 11, 2017) |
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Title 14. EDUCATION, LIBRARIES, AND MUSEUMS. |
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Chapter 14.42. POSTSECONDARY EDUCATION COMMISSION AND LOAN CORPORATION. |
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Article 14.42.02. ALASKA STUDENT LOAN CORPORATION. |
Section 14.42.215. Interest.
Latest version.
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(a) The corporation shall set the interest rate on a loan financed by the corporation under AS 14.43.091 - 14.43.160, 14.43.170 - 14.43.175, 14.43.710 - 14.43.750, and AS 14.44.040. Interest on a loan accrues from the time the loan is disbursed.
(b) A borrower may elect to make payments of interest that accrues during the borrower's term of attendance at the postsecondary institution or during authorized deferment periods; however, any unpaid interest shall be capitalized as part of the principal to be repaid as agreed, or upon graduation, withdrawal, or completion of the deferment period.