Alaska has federal student loans offered by the ACPE (Alaska Commission on Post secondary Education). The state also administers many alternative loan programs for eligible students.

Alaska Supplemental Student Loan

The ACPE has a brand of private alternative student loans. Normally, university students have federal loans and private loans that are offered to them. Most students are aware that federal loans are usually not enough to handle all of a student’s financial needs. Until now, many alternative packages are very expensive and were offered by financial institutions and many lenders. These private student loans are very costly. So, as an alternative, many states offer low interest, extended term loans. Alaska is one of them.

Alaska Supplemental Education Loan

The state’s Alaska Supplemental Education Loan, which is provided by the Alaska Advantage Program. In order to be eligible for this loan student must pass a credit check when he or she apply. Those with credit problems can use a co-signer to assist them with qualifying for the loan.

Alaska Special Loan Programs

Special loan programs are also managed by the Alaska Commission on Post secondary Education these student loans target students that study specific subjects. These loans require credit checks.They are;

• The A.W. Brindle Memorial Education Loan for degrees in fisheries,
• Murphy Memorial Education Loan for those studying criminology or for law enforcement personnel,
• The Professional Student Exchange Loan Program for out of state students,
• The Alaska Teacher Education Loan for those going into the education profession
• And More

Alaska Consolidation for Student Loans

There are also loans for consolidation of student loans. However, recently the state is reworking this loan packages for students. Check with the ACPE for undated information of these consolidation loans.

What to Remember?

With all of this, it is really important for students and parents getting ready for college and university to remember that they must file FAFSA. Because this will also let them know what is available for them from the federal government.

Alaska Advantage Student Loan Program

Alaska Advantage Student Loans make student loans more affordable for Alaska students and their parents. These loans include loans by the federal government and private student loans. These loans are some of the lowest cost student loans in the nation. Check into an Alaska federal student loan today!