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AlaskAdvantage Programs
Loan Programs

AlaskAdvantageTM Alternative Consolidation Loan

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The AlaskAdvantage Alternative Consolidation Loan is available for all your current ACPE alternative loans.  Please be aware that the interest rate you are now paying on your alternative loans may be less than the consolidation interest rate.  Review the terms and conditions of your existing loans and of the consolidation loan carefully before deciding what is best for your needs.

  • Zero fees
  • Fixed interest rate
  • Great benefits
  • One lender

 

 

 

2009- 2010 Interest Rate with Benefits

Fixed Interest Rate

5.10% (APR 5.10%)1

 

 

Direct Payment Benefit

-0.25%

Timely Benefit After First 48 Repayment Months

-1.00%

Lowest Cost Interest Rate Equivalent

3.85%

 

1The Annual Percentage Rate (APR) assumes a principal loan amount of $10,000 and a repayment term of 10 years.  The APR does not include the effects of borrower benefits.

AlaskAdvantage Borrower Benefits are subject to approval annually by the Alaska Student Loan Corporation.

 

Eligibility

  • Have a minimum of $3,500 of eligible debt to consolidate
  • Have a credit history that includes a FICO credit score of 720 or higher; or have made payments in full and on time for the 18 months preceding the consolidation loan application
  • Not more than 29 days delinquent on any loan and voluntarily made the majority of payments
  • All other eligibility requirements, as stated under 20 AAC 15.174

How to Apply

You can download the an application here.

Please see our FAQs or contact us at (800) 441-2962 if you would like more information on education loan consolidation.

 

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