Question:
- Do they still offer State of Alaska Student Loans, that the interest is - forgiven if you remain in Alaska after you graduate from college? How do you - prove such?

Answer:
That'd be nice, but afraid not. I'm in my final semester of college, and have been using student loans the whole time. They do give you a 6-month (or maybe it's a year I'd have to look it up) grace period before you have to start paying it back after you graduate. I think the interest rate is a little over 8%.

I think the only benefit of living in Alaska though is that you get the resident college costs, instead of the WAY more expensive non-resident costs no, they ended that part of the loan program back in 1986 or '87. that's why i didn't get the student loans after my first two years with the program. you didn't have to prove it, but you did have to file a forgiveness application every year that was similar to the PFD application, and they did spot audits. lying would make you liable for repayment of the entire amount with full interest, plus a hefty fine. but it was sure nice to pay that half of my loan in just 5 years! I worked my way through school 40 to 48 hours a week the old fashion way back when men were men and girls were girls. The Alaska student loan program is just another way of funding the U of A.

If they would teach instead of funding an over bureacraptic administration at the U of A they might be able to attract enough paying students to support themselves. I would like to see the program abolished. Then U of A then might get back to basics instead of being a welfare case providing education to welfare cases. I hear it was nice while it lasted, though. "Forgiveness was a feature of the Alaska Student Loan Program before July 1, 1987. In order to get forgiveness, a borrower was required to complete their degree or certificate program and remain an Alaska resident. For every year of continued Alaska residency, after the second year, 10 percent of the amount they borrowed was credited to their balance and reduced the amount they had to repay, up to 50 percent. Forgiveness is still included in the Alaska Teacher Scholarship Loan Program and the Michael Murphy Memorial Scholarship Loan, and is a benefit on Winn Brindle Memorial Scholarship Loans for the 1995-96 school year or later. Since the forgiveness benefits vary on all these programs, we suggest you call us on the toll free number for further details or to request a forgiveness application form: (800) 441-2962."