State Education Loans

Alaska State Education Loans

Funding the future of Alaska with supplemental loan options. 

Alaska Supplemental Education Loan (ASEL)

ASEL is a low-cost option to use in-state, out-of-state, or for career training. 

 

5.94 APR 

(6.25% Fixed Interest)

 

Lower your rate with annual Borrower Benefits

-0.50% Alaska Presence

-0.25% Auto-Pay



Apply for ASEL      or learn more here

Family Education Loan (FEL)

FEL allows you to help meet a family member’s education costs. A spouse, parent, foster-parent, or grandparent can take out a FEL on behalf of the student.

 

6.25 APR 

(6.25% Fixed Interest)

 

Lower your rate with annual Borrower Benefits

-0.25% Auto-Pay




Apply for FEL      or learn more here

What you can expect from us:
  • Rates as advertised, no surprises
  • Alaska-based customer service agents
  • Exact credit requirements specified - up front.
  • Whenever we can lower costs - we do

  •         Lower interest rate than the Federal PLUS Loan
    COLLEGE & CAREER PLANNING - FINANCIAL - AID - CONSUMER PROTECTION Promoting Higher Education & Training for Alaska