ACPE offers resource to prevent default and reduce interest during the outbreak of COVID-19
In response to the COVID-19 emergency, ACPE is making a COVID-19 related economic hardship forbearance available to our customers with Alaska state education loans. This forbearance postpones payments for three months and may be extended if needed.
In addition, to mitigate impacts to Alaska state education loan borrowers experiencing economic hardship as a result of the COVID-19 pandemic, the State of Alaska has allocated CARES Act funds to allow ACPE to offer the equivalent of a 0% interest rate to qualifying borrowers during the forbearance period. Funds are limited and will be granted on a first-come first-served basis until exhausted. To be eligible for the interest subsidy, a borrower must be approved for the COVID-19 economic hardship forbearance and there must be funds available.
Use this form to request forbearance of a repayment obligation and the CARES Act interest relief.
ACT and SAT Requirement Waived for Class of 2020
For the graduating class of 2020, the State of Alaska is waiving the ACT and SAT requirement for Alaska Performance Scholarship (APS) eligibility this year, and GPA will be the determinant of the award level. The requirement is waived due to the ACT and SAT test cancellations. Details of this waiver and any other changes to APS policies will be available on the APS website by late-April.
Sign up here to directly receive notifications, or check back on our website at APS.alaska.gov to view the most recent information.
Looking for your tax information?
Simply log on to your account and click the "Tax Information" tab to find the amount of student loan interest you paid in 2019. If you paid more than $600 in student loan interest, a copy of your Form 1098-E is available in your Document Center, under "Tax Statements."
Do you have federal loans with ACPE?
On April 1, 2020, the Alaska Commission on Postsecondary Education (ACPE) will transfer the servicing of all ACPE's Federal Education Loan(s) to American Education Services (AES). For more information, please review these frequently asked questions acpe.alaska.gov/fedLoanFAQ.