Alaska Supplemental Education Loan (ASEL) 2018/2019 Application and Promissory Note COSIGNER AGREEMENTPromissory Note Cosigner Agreement • April 22nd, 2018
Loan 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
