Michael Murphy Memorial Education Loan

Michael Murphy Memorial Education Loan

The Alaska Legislature established the Michael Murphy Education Loan Fund as a memorial to Michael Murphy, a member of the Alaska State Troopers. The loans are funded by private donations and by voluntary annual leave contributions from state employees. The funds provide educational loans to Alaska residents for full-time undergraduate study in law enforcement related programs.

0% (1.48% APR)1 interest
3% origination fee
Limited funding availability
Up to 100% forgiveness benefits to qualifying borrowers
Eligibility

Full-time enrollment in an undergraduate law enforcement-related program
Alaska resident
Fulfill eligibility requirements set by the Alaska State Troopers
How to Apply

Contact:

Alaska State Troopers
Division of Operations
Recruitment Supervisor, 5700 East Tudor Road
Anchorage, Alaska 99507
Office (907) 269-5976
Fax (907) 269-5751

Applications must be submitted by April 1 for fall enrollment.

1The APR assumes a principal loan amount of $8500, origination fee of 3%, freshman borrower, and a repayment term of 10 years. The APR does not include the effects of borrow