Alaska HB28 establishes a student loan repayment pilot program for teachers and state employees with outstanding student loans.

Alaska HB28 creates a student loan repayment pilot program to assist teachers and state employees with outstanding student loans. Eligible participants can receive grants up to $8,000 per year or one-third of their loan balance, whichever is less, for up to three years. The Alaska Commission on Postsecondary Education will manage the program, awarding up to 125 grants annually, with a cap of $1 million per fiscal year. The program aims to improve recruitment and retention rates among teachers and state employees.

Alaska HB28 establishes a student loan repayment pilot program for teachers and state employees with outstanding student loans.

Alaska HB28 creates a student loan repayment pilot program to assist teachers and state employees with outstanding student loans. Eligible participants can receive grants up to $8,000 per year or one-third of their loan balance, whichever is less, for up to three years. The Alaska Commission on Postsecondary Education will manage the program, awarding up to 125 grants annually, with a cap of $1 million per fiscal year. The program aims to improve recruitment and retention rates among teachers and state employees.