ALASKA SUPPLEMENTAL EDUCATION LOAN (ASEL) 2018/2019 APPLICATION AND PROMISSORY NOTE COSIGNER AGREEMENTCosigner Agreement • May 5th, 2020
Contract Type FiledMay 5th, 2020Loan Features Loan Maximums The ASEL has a fixed interest rate for the life of the loan! Zero fees 5.40% - 8.50% fixed interest rate (0.50% rate discount built in when the student studies in Alaska) Additional 0.25% rate discount for online Auto-Pay No payments while the student is attending school at least half-time, or enroll in optional automatic payments of $50.00+ per loan to lock in the Auto- Pay discount early! Serviced in Alaska by Alaskans Undergraduate Students: On-time enrollment - up to $14,000 Full-time enrollment - up to $12,500 Half-time enrollment - up to $7,500Graduate Students: Full-time enrollment - up to $15,000 Half-time enrollment - up to $7,500Career & Technical Education Programs: Certificate - up to $10,000 Flight Program - up to $10,000