Do I need to go to school in Alaska?
No. If you are currently an Alaska resident, you can benefit from the AlaskAdvantage Loan Program if attending a participating school outside of Alaska, as long as you maintain your Alaska residency.
You may qualify for expanded borrower benefits if you attend a school in Alaska, or if you reside in Alaska after you complete school.
Do I need to be an Alaska resident?
No. You do not need to be an Alaska resident as long as you are attending a participating school physically located in Alaska. If you plan to attend a school outside of Alaska, and use the AlaskAdvantage loan program, you must be a resident of Alaska.
What if I don’t have a credit history?
A credit check is required for AlaskAdvantage Loans. If you have no credit history, or a negative credit history, you may apply with a credit-worthy cosigner.
What happens if my Student Aid Report (SAR) indicates that I am not eligible for federal aid (drug conviction, not registered for Selective Service, etc.)?
You may still be eligible for a state education loan, depending on the reason you are not eligible for federal aid. Please contact ACPE or your school’s financial aid office to discuss your particular situation.
How much can I borrow?
You may borrow up to your costs of attendance as certified by your school for tuition, fees, living expenses, books and supplies, transportation, and certain other approved costs, up to the annual limit for your grade level. Always borrow responsibly, take out the lowest amount you need, to minimize your debt.