Legislature(2001 - 2002)
2001-03-22 House Journal
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Full Journal pdf2001-03-22 House Journal Page 0690 This bill I transmit today establishes the AlaskAdvantage Loan Program, the next step in continuing the growth and financial integrity of the state student loan program. Under this legislation, Alaska would participate in the federal guaranteed student loan program which brings benefits including low interest rates for borrowers and reduced risk to the state through federal loan guarantees. This bill also creates a supplemental loan program to provide financial assistance in the event the AlaskAdvantage Loan is insufficient to cover education costs or the student does not qualify for assistance under the federal guaranteed student loan program. This bill will create a one-stop financial aid information center and financial opportunity, guaranty the lowest possible borrowing rates, streamline aid delivery and reduce financial risk to the State through the federal guarantee. This program will also offer expanded options for borrowers with special needs in loan repayment. At a time when access to quality education is at the forefront of our legislative agenda, I urge your prompt and favorable action on this measure. Sincerely, /s/ Tony Knowles Governor" HB 205 HOUSE BILL NO. 205 by Representative Fate, entitled: "An Act relating to resource development and to grants for the purpose of promoting resource development from appropriations of a portion of the revenue derived from the extraction of certain state natural resources." was read the first time and referred to the Resources and Finance Committees.