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Code · Alaska · Title 14 · Chapter 44

Sec. 14.44.040. Repayment condition for program participants.

115 words·~1 min read·/ak/title-14/chapter-44/14-44-040

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Sec. 14.44.040. Repayment condition for program participants.
(a)As a condition of eligibility for receiving financial support from the state under the Professional Student Exchange Program of the Western Interstate Commission on Higher Education, a program participant shall agree to repay to the state the support provided by the state on behalf of that person, plus interest.
(b)A repayment under this section shall be paid into the education loan fund created under AS 14.42.210 .
(c)If a program participant defaults on the repayment obligation, the provisions of AS 14.43.145 — 14.43.155 apply to collect on the obligation as if it were a defaulted loan under AS 14.43 .
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