Alaska Student Loans are available to qualifying students for some of our programs. For further information please contact the Alaska Commission on Postsecondary Education at 3030 Vintage Boulevard, Juneau, AK 99801 or visit their website at www2.acpe.educ.state.ak.us
To maintain good standing under the Alaska Student Loan Program (ASLP), flight students must log at lest 51 hours of instruction during each three-month period; this may include ground training. A course not totaling 51 hours of instruction shall be prorated accordingly.) If at the end of any three-month period this criteria is not met, the school must within 10 days thereafter, notify the student and the State and implement the refund policy.
Under the ASLP, a check for 50% of the total loan is released to the student through the school at the time of their enrollment. An account will be established in the students name and this amount is credited to their account. The final 50% is released at approximately the midpoint of their enrollment. Should the students training costs exceed the amount of their loan award, this additional amount is the students responsibility.
IMPORTANT: The school cannot use the loan funds for training administered after the ending date shown on the students initial application and Promissory Note. The student must obtain State approval for the revised period of training by requesting and signing a new Promissory Note. In the interim, training will be at the students expense.
Upon completion of the students training program, any surplus remaining in their account after payment of all costs will be refunded to the ASLP.
The remaining surplus, if any, will be refunded to ASLP should one of the following circumstances apply:
1. Upon the students withdrawal from the program.
2. Upon the students failure to maintain “good standing” under ACPE regulations.
