Professional Student Exchange Loan Program

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Professional Student Exchange Loan Program

In most cases, Professional Student Exchange Loan Program (PSEP) students pay resident tuition and the students' home state pays an additional support fee to the institution. Alaska students are individually responsible for paying tuition and the support fee. ACPE finances the support fee costs in the form of a PSEP loan which the student must repay upon completion of the program of study.

Beginning Fall 2008:

4.6% (4.6% APR)1 in-school interest rate, 7.2%(9.08% APR)1repayment rate
NO origination fee
2008-2009 Interest Rate with Benefits In-School Period Repayment Period
Base Interest Rate 4.60% 7.20%
Alaska Presence Benefit -0.50%
Direct Payment Benefit -0.25%
Timely Benefit After First 48 Repayment Months -1.00%
Lowest Cost Interest Rate Equivalent 4.60% 5.45%


AlaskAdvantage Borrower Benefits are subject to approval annually by the Alaska Student Loan Corporation.

Eligibility

Enrollment in one of the following PSEP fields of study in which Alaska participates:

Dentistry
Occupational Therapy
Optometry
Physician Assistant
Podiatry
Pharmacy
Physical Therapy
How to Apply

For complete information on PSEP, give us a call at (907) 465-6526 in Juneau, or send us an email.

1The APR assumes a 4-year dental student, principal loan amount $89,400, no origination fee, and a repayment term of 15 years. The APR does not include the effects of borrower benefits.