Section 14.43.173 - Loan award maximums; use of loan award(a) In a school year, the corporation may finance a loan under AS 14.43.170 - 14.43.175 in a maximum amount to be determined by the corporation to an eligible (1) undergraduate student attending an eligible college or university;(2) graduate student attending an eligible college or university; and(3) student attending an eligible career education program.(b) The corporation may finance loans made under AS 14.43.170 - 14.43.175 to an eligible borrower in a maximum total amount to be determined by the corporation for (1) an undergraduate study program;(2) a graduate study program; and (3) a combined undergraduate and graduate study program.(c) To maintain a loan award under AS 14.43.170 - 14.43.175, the borrower must continue to be in good standing as determined by the institution and approved by the commission.(d) The commission shall determine a borrower's loan award amount for a specific school year, which may not exceed the limits established by the corporation or the borrower's costs of attendance.Amended by SLA 2022, ch. 40,sec.39, sec.40, sec.41 eff. 7/1/2022.Amended by SLA 2014, ch. 89,sec.24, sec.25, sec.26 eff. 7/17/2014.