State Education Loans
Through the AlaskAdvantage Loan Program®, ACPE provides low-cost education loans to Alaska's students and their parents or family members.
These loans are intended to:
- supplement the Federal Direct Loan Program when federal and gift aid does not cover the cost of attendance
- provide a low cost loan option for students attending state-authorized career, vocational, and technical schools
View more information on Alaska State Education Loans.
Federal Program Changes
The Health Care and Education Reconciliation Act of 2010, ended the authority for state, nonprofit, and private lenders to make new federal loans after June 30, 2010.
New Federal Stafford and PLUS education loans will be issued from the federal government's Direct Loan Program.
ACPE will continue servicing existing federal loans. The base interest rates on existing loans and the terms of master promissory notes will remain the same. For more information on existing loan accounts, register for ACPE's online account services.
ACPE will continue to offer a variety of state loan programs designed to supplement federal funding.
Compare the Alaska Supplemental Education Loan to the Federal Direct Unsubsidized Stafford Loan.
Compare the Alaska Family Education Loan to the Federal Direct Parent Loan for Undergraduate Students (Direct PLUS).