In this chapter, unless the context requires otherwise,

(1) “board” means the board of directors of the corporation;

Terms Used In Alaska Statutes 14.42.990

  • board: means the state Board of Education and Early Development. See Alaska Statutes 14.60.010
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) “commission” means the Alaska Commission on Postsecondary Education created in Alaska Stat. § 14.42.015;
(3) “corporation” means the Alaska Student Loan Corporation created in Alaska Stat. § 14.42.100;
(4) “education loan” means a loan that is eligible for financing or is financed from the education loan fund established in Alaska Stat. § 14.42.210;
(5) “eligible student” means an individual who meets the eligibility requirements established by the federal guaranteed student loan program or as otherwise set out in this chapter;
(6) “federal guaranteed student loan program” means the programs of the United States government that make postsecondary educational financial aid available under 20 U.S.C. § 1070 – 1099c-2, as amended;
(7) “repayment obligation” means an obligation to repay financial support that is financed from the education loan fund established in Alaska Stat. § 14.42.210 or otherwise administered by the commission.
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