20 AAC 18.050 - Funding priority
(a) The commission staff may not certify an
applicant for the PSE program until the commission determines the amount
available to fund PSE loan applications for the school year.
(b) If money made available under
AS
14.42.210(a) is not
sufficient to offer PSE loans to all applicants who are eligible for
certification, the commission will award PSE loans in the following order of
priority:
(1) all continuing students in all
fields;
(2) one new PSE applicant
in each field determined through a cooperative ranking by participating schools
as conducted by WICHE staff;
(3)
remaining new PSE applicants in fields ranked according to a weighting system
approved by the commission based on criteria established in
20 AAC 18.007; and
(4) alternate PSE applicants based on the
ranking system set out in (2) and (3) of this subsection.
Notes
Authority:AS 14.44.035
AS 14.44.040
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