Eligibility
- Be an Alaska resident, or attend an eligible Alaska school
- Have a FICO credit score of at least 650 and an absence of adverse credit, or apply with an eligible cosigner
- Be enrolled at least half-time
- Meet all other requirements under AS 14.43.172 and 20 AAC 15.705
Loan Limits
ACPE encourages borrowers to make sound financial decisions when it comes to taking out a student loan. For additional information and guidance in making this selection, please review our Before You Borrow guide.
Program
|
Annual
|
Aggregate
|
| Undergraduate
|
Full-time* enrollment - up to $24,000
Half-time enrollment - up to $12,000
|
$96,000
|
| Graduate
|
Full-time* enrollment - up to $24,000
Half-time enrollment - up to $12,000
|
$96,000
|
| Career Training
|
Full-time* enrollment - up to $24,000
|
$96,000
|
Note: You may receive up to $96,000 for combined undergraduate, graduate and career training programs. Students who have borrowed up to the cumulative maximum may receive additional loans if the current total principal balance owed, including the new loan amount, does not exceed the cumulative maximum.
Cumulative maximums include any prior ACPE loans paid-in-full and outstanding Alaska Supplemental Education Loans, Family Education Loans, Memorial Education Loans and Teacher Education Loans.
*An undergraduate student enrolled in a minimum of 12 semester credit hours or equivalent per academic term. A graduate student enrolled in a minimum of 9 semester credit hours or equivalent per academic term. A student enrolled in a Career & Technical Education (CTE) program of at least 30 clock hours per week for a minimum of 6 weeks. For flight school, students must log a minimum of 17 hours per month or 51 hours for a three-month period.
*Learn more about how we determine your interest rate – unlike for-profit lenders, we tell you exactly what criteria we will use.
See prior rates here