Alaska Administrative Code › Title 20 - Miscellaneous Boards and Commissions › Chapter 18 - WICHE Professional Student Exchange Loan Program › 20 AAC 18.030 - Application procedure

Current through May 31, 2024
(a) A resident who
			 plans to attend, or who has currently enrolled in, a participating school as a
			 full-time student in an eligible degree program must submit an application for
			 certification to the commission between July 1 and October 15 of the year
			 preceding the year in which the student intends to enter the professional school.
			 An application is timely filed if it is postmarked between July 1 and October 15
			 and contains all the information required to make a determination of the
			 applicant's eligibility and the amount of the loan award.
(b) The commission will not accept an
			 application before July 1 of the year preceding the proposed entrance
			 date.
(c) The commission will give
			 alternate status to an application received after October 15 of the year
			 preceding the proposed entrance date.
(d) The applicant's signature on an application
			 for certification must be notarized. The borrower, and the cosigner if required
			 under
			 20 AAC 18.025(d), must sign a promissory note
			 for the loan award. A cosigner's signature on the promissory note must be
			 notarized. Liability for the loan is limited to the amount of support fees
			 disbursed on behalf of the student and applicable interest.
(e) An applicant must apply directly to a
			 participating school for admission.
(f) An applicant must send to the commission a
			 copy of all offers of admission received from participating schools. An
			 applicant's eligibility for certification terminates unless the applicant advises
			 the commission of the applicant's intention to attend a participating school by
			 June 15 of the year in which the program of study begins.
(g) An applicant who is accepted for enrollment
			 must consent to the transfer of student records, enrollment information, and
			 support fees among the state, WICHE, and the school of attendance. The commission
			 will provide a form to the applicant for this purpose.
(h) Repealed 11/8/2000.
(i) A continuing PSE student is not required to
			 reapply for certification each year, and will be presumed to be continuing for
			 the regular degree program duration unless the student otherwise notifies
			 commission staff.
(j) A PSE student
			 who leaves school for more than one academic year before completing a program
			 must reapply for certification. Recertification is not required for a leave of
			 absence approved by the school for up to one year. However, repayment on the PSE
			 loan must begin six months after the leave of absence begins, as required under
			 20 AAC 18.100(e) for borrowers who are no
			 longer enrolled in a program. The commission will resume paying support fees when
			 the PSE student returns as a continuing student in good standing the following
			 term.
(k) An incomplete application
			 shall be returned to the applicant with a request for additional information,
			 unless the additional information is obtainable telephonically or electronically.
			 Further action may not be taken on an incomplete application until it is
			 resubmitted. The commission staff may require an applicant to furnish additional
			 information and documents to verify statements on the application. The commission
			 staff shall perform a credit history check on a loan applicant and a cosigner, if
			 applicable.
(l) An applicant shall
			 notify the commission staff immediately of a change in the institution to be
			 attended, the dates of attendance, the program of study, or attendance status
			 from that stated on the original application.
Authority:
AS 14.44.035
AS
				  14.44.040