The Alaska supplemental education loan program (ASELP) provides low-cost education loans to residents of this state attending eligible institutions, and to students attending eligible institutions in this state. This loan is available to an otherwise eligible borrower to pay allowable costs of attendance that

1. (1) exceed the costs allowed under a federal direct subsidized or unsubsidized loan;
2. (2) cannot be met through the federal direct subsidized or unsubsidized loan program; or
3. (3) can be met with lower cost through use of the supplemental loan.

(Eff. 7/1/2002, Register 162; am 11/16/2012, Register 204; am 4/6/2018, Register 226)

Authority: AS 14.42.030, AS 14.43.170, AS 14.43.172