- (a) Borrowing under the AlaskAdvantage loan program is subject to the annual and aggregate lifetime limits set out in 34 C.F.R. 682.204.
(b) The minimum loan award for an applicant is determined annually and will be the lesser of
- (1) $500 for the school year; or
- (2) an amount required to recover the average cost of processing an application for the AlaskAdvantage loan program, but not less than $200; the executive director shall annually post the amount of the minimum loan award on the commission's web page.
(Eff. 7/1/2002, Register 162; am 1/30/2003, Register 165; am 8/19/2009, Register 191)