Sec. 14.43.162. - Eligibility.
(a) For a borrower to be eligible for a loan under AS 14.43.161 - 14.43.168, the borrower must meet the eligibility requirements established by the federal guaranteed student loan program and must be
(1) a resident of the state as determined under (b) of this section; or
(2) physically present in this state and attending an institution that is physically located in this state.
(b) To meet the residency requirement of (a) of this section, the borrower
(1) must physically reside in this state and maintain a domicile in this state during the 12 consecutive months before the date of application for the program, except that the borrower may be absent from this state for not more than a total of 60 days during that 12-month period; and
(2) may not have
(A) declared or established residency in another state; or
(B) received residency or a benefit based on residency from another state.
(c) To continue to meet the residency requirement of (a) of this section for each year that a loan is received or subsequently applied for, the borrower must meet the requirements of (b) of this section, except for
(1) full-time attendance at an educational or training institution;
(2) military service; or
(3) demonstrated good cause as determined by the commission.