Alaska Student Loan Corporation

Results of Tender Offer Regarding Auction Rate Education Loan Revenue Bonds

The Alaska Student Loan Corporation (ASLC) is a public corporation and governmental instrumentality, but has a legal existence independent of and separate from the State. The Corporation is governed by a Board of Directors. The supervision of the administration of ASLC activities is delegated to the Executive Officer, who is also the Executive Director of the Commission. The Board's primary responsibilities are to:

  • authorize and oversee investments
  • fund the Commission's education programs
  • set investment policies, loan fees, interest rates, and program benefits

The ASLC's Board of Directors is appointed by the Governor. It consists of two members of the Alaska Commission on Postsecondary Education, and the Commissioner of Commerce, Community, and Economic Development; the Commissioner of Administration, and the Commissioner of Revenue. The Commissioners may appoint a designee to serve in their place.

The Board annually selects a Chair and Vice Chair from its membership, who may serve more than one term.

Meetings of the Alaska Student Loan Corporation are called by the Chair as necessary to conduct the business of the Corporation. Meetings are open to the general public. Meeting dates, time, and location are announced through public notices.