1. (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.
2. (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.

(Eff. 3/1/2002, Register 161)

Authority: AS 14.42.030, AS 14.43.120, AS 14.43.630, AS 14.43.105, AS 14.43.320, AS 14.43.730