The Alaska Presence benefit is a cost reduction for qualifying borrowers who attend an Alaska school or who live in Alaska while they repay their loans, and are not delinquent. This benefit does not reduce your loan(s) interest rate, but is applied as an annual credit to your account, effectively reducing your cost of borrowing from ACPE. This reduction is not available for Alaska Refinancing Loans.
The Online Auto-pay benefit is a cost reduction for borrower's current in repayment that use ACPE's online automatic payment method. This benefit is an interest rate reduction and will reduce the note rate of your qualifying loan(s). This reduction is not available for Alaska Refinancing Loans.