Legislature(2009 - 2010)SENATE FINANCE 532
04/16/2009 09:00 AM Senate FINANCE
Audio | Topic |
---|---|
Start | |
SB10 | |
HB134 | |
HB26 | |
HB121 | |
HB221 | |
HB109 | |
HB172 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+= | SB 10 | TELECONFERENCED | |
+= | HB 134 | TELECONFERENCED | |
+= | HB 26 | TELECONFERENCED | |
+ | HB 121 | TELECONFERENCED | |
+= | HB 221 | TELECONFERENCED | |
+= | HB 109 | TELECONFERENCED | |
+= | HB 172 | TELECONFERENCED | |
+ | TELECONFERENCED |
HOUSE BILL NO. 109 "An Act relating to eligibility for the Alaska supplemental education loan program and to the interest rate for a loan made under the Alaska family education loan program; and providing for an effective date." 10:02:37 AM KATIE KOESTER, STAFF, REPRESENTATIVE PAUL SEATON, CHAIR, HOUSE EDUCATION COMMITTEE, summarized the legislation as addressing the Alaska Commission on Postsecondary Education's inability to get financial backing for alternative student loans. The legislation requires borrowers for an Alaska student loan to have either good credit or a co-signer. House Bill 109 also sets the interest rate of the Family Education Loan (FEL), which allows an individual to borrow on behalf of another family member. Currently, the interest is rate is 7.3 percent; the provision would allow the rate to be set in the same manner as the Alaska student loan. Co-Chair Stedman mentioned the zero fiscal note. Senator Thomas asked what loans would be affected by the legislation. Ms. Koester replied that the Stafford loan would not change as it is federally guaranteed. The changes would apply to the Alaska student loan and the FEL. 10:06:28 AM DIANE BARRANS, EXECUTIVE DIRECTOR, POSTSECONDARY EDUCATION COMMISSION, DEPARTMENT OF EDUCATION and EARLY DEVELOPMENT, elaborated that the credit criteria that is currently applied to supplemental education loans would change. Applicants would not qualify for loans if found to have adverse credit. Qualification would begin at the low end of the good credit scale. Co-Chair Hoffman MOVED to report HB 109 out of Committee with individual recommendations and the accompanying fiscal note. There being NO OBJECTION, it was so ordered. HB 109 was REPORTED out of Committee with no recommendation and attached zero note 1 by the Department of Education and Early Development.
Document Name | Date/Time | Subjects |
---|---|---|
02 HB221 Sponsor Statement.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 221 |
04 HB221 NMLS overview.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 221 |
AML Resolution.doc.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 121 |
07 HB221 VER e.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 221 |
06 HB221 Letter of support-opposition_ JMartin 4-10-09.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 221 |
FNSB_letter of support herron.doc.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 121 |
FNSB_letter of support_Munoz.doc.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 121 |
Letter ACA.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 121 |
HB121_Ltrs_of_Support_II[1].pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 121 |
HB 221 Div of Banking and Securities Letter.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 221 |
HCS CSSB 75 (FIN) Version N.pdf |
SFIN 4/16/2009 9:00:00 AM |
SB 75 |
HCS SB 75 FIN spreadsheet.pdf |
SFIN 4/16/2009 9:00:00 AM |
SB 75 |
SCSforCSfor HB172(FIN)SWORK DRAFT.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 172 |
SCSforCSHB121(FIN)TWORK DRAFT.pdf |
SFIN 4/16/2009 9:00:00 AM |
HB 121 |
sectional.doc |
SFIN 4/16/2009 9:00:00 AM |
HB 121 |
sponsor statement.doc |
SFIN 4/16/2009 9:00:00 AM |
HB 121 |