Career-specific loans are provided to help individuals gain the education to work in professions with a shortage of qualified professionals in Alaska or regions of Alaska. Borrowers are obligated to repay the loan in full when they complete their education, but may have options to earn full and/or partial forgiveness of the loan balance.
Teacher Education Loan
The Teacher Education Loan provides funding to cover education expenses for Alaska high school graduates nominated by rural school districts to pursue a degree in elementary or secondary education. Borrowers may be eligible for up to 100% forgiveness of their debt if they return to Alaska and teach in a rural area.
Winn Brindle Loan
The A.W. "Winn" Brindle Memorial Education Loan program was established in memory of A.W. "Winn" Brindle, who was president of the Wards Cove Packing Company and Columbia Wards Fisheries. It is funded by private donations and contributions from fisheries in exchange for state tax credits.
The Winn Brindle Loan provides funding to cover educational expenses for students enrolled in a fisheries-related field. Borrowers may be eligible for up to 50% forgiveness of their loan debt when they return to Alaska and work in a qualifying fisheries-related field.
The Alaska WWAMI Biomedical Program provides Alaska residents with high-quality medical education not available in-state. The program is a collaboration among the universities in five northwestern states (Washington, Wyoming, Alaska, Montana and Idaho) under the overarching administration of the University of Washington School of Medicine (UWSOM).
The Alaska Commission on Postsecondary Education (ACPE) is the fiscal agent and servicer for these loans, funded by the State of Alaska. The loan funds cover the difference between in-state and out-of-state tuition at the University of Washington for a participant's 2nd through 4th years in the program. The loan must be repaid upon program completion. The Alaska WWAMI loan is eligible for forgiveness, given the participant fulfills a service obligation in Alaska. Interest rates and loan limits are set annually, based on program costs.