A.W. "Winn" Brindle Loan
The Winn Brindle Memorial Education Loan provides funding to cover education expenses for students enrolled full-time in the following fisheries-related programs: Fisheries, Fisheries Science, Fishery Management, Seafood Processing, Food Technology, and other fishery-related fields of study.
- Explore the Benefits
- Interest Rate and APR
- How to Apply
Explore the BenefitsExplore the BenefitsExplore the BenefitsExplore the Benefits
Eligibility Eligibility Eligibility
Interest Rate and APR Interest Rate and APR
How to Apply
- 5% (3.35% APR) fixed interest rate
- No origination fee
- Rates as low as 4.75% in repayment with 0.25% automatic payment reduction
- 0.25% automatic payment reduction
- No annual borrowing maximum
- May be eligible for up to 50% forgiveness if you return to Alaska and are employed in the fisheries industry
Eligibility Interest Rate and APR How to Apply Repayment
How to Apply Repayment
- Be an Alaska resident
- Have a high school diploma or equivalent (GED)
- Be enrolled full-time in a fisheries-related career vocational-technical program or associate, baccalaureate, or graduate degree program
Have a credit history that documents an ability and willingness to pay an extension of credit, or have an eligible cosigner. Visit our Understanding Credit page to learn more about credit reports and establishing good credit.
Interest Rate and APR Repayment
Interest Rate and APR
The Winn Brindle loan has a fixed interest rate of 5% (3.35% APR) in school and in repayment. A “fixed” rate means the base interest rate of 5% will not change; however, it may be reduced by Borrower Benefits while in repayment.
APR stands for the Annual Percentage Rate and is the yearly cost of borrowing your loan, shown as a percent of the amount you borrowed. The APR referenced above is an example only and assumes a principal loan amount of $10,000, borrowed in the freshman year, with repayment beginning after a six-month grace period for a 10-year term. The interest rate and APR do not factor in any borrower benefit reductions.
There are no origination or prepayment fees on the Winn Brindle loan.
How to Apply
Do the Paperwork
- Complete an application
- Add a cosigner if you don't have a qualifying credit history
- Sign your loan documents and mail them to us
Accepting Your Award
Once your Winn Brindle loan is approved, we will send you a loan application disclosure. You must accept the disclosure before the funds can be disbursed to your school. The quickest way to review the disclosure and accept your loan is to complete the process electronically through your online account.
After you accept your loan application disclosure, your Winn Brindle funds will be sent directly to your school's financial aid office, in accordance with their scheduled financial aid disbursement dates.
Repayment begins six months after you stop attending school full-time. The standard repayment period is ten years. Your monthly payment will be based on your total debt, subject to a minimum payment of $50.00 a month. Learn more about repayment plans, payment methods, and repayment assistance.
You may be eligible for forgiveness benefits, up to 50% of the loan's principal balance over a five-year period, if after graduation you are employed full-time in a fisheries field related to your degree.