Post by Logan on Apr 1, 2016 4:15:57 GMT -6
A proposed Alaska Constitutional amendment that failed to pass the 28th Alaska Legislature by accident is advancing toward a final vote in the 29th Legislature.
Senate Joint Resolution 2, brought forward by Sen. Anna MacKinnon, R-Anchorage, proposes amending the Alaska Constitution to allow the state to issue general obligation bonds on behalf of the Alaska Student Loan Corporation. The net effect would be to lower the interest rate for student loans taken by Alaskans from the corporation.
“We’re trying to achieve a lower cost in the market,” said Diane Barrans, executive director of the Alaska Student Loan Corp.
Because the state is considered a more reliable borrower than a student with no collateral, it can take on debt at a lower interest rate.
Read more: juneauempire.com/state/2016-03-31/constitutional-amendment-advances-again
Senate Joint Resolution 2, brought forward by Sen. Anna MacKinnon, R-Anchorage, proposes amending the Alaska Constitution to allow the state to issue general obligation bonds on behalf of the Alaska Student Loan Corporation. The net effect would be to lower the interest rate for student loans taken by Alaskans from the corporation.
“We’re trying to achieve a lower cost in the market,” said Diane Barrans, executive director of the Alaska Student Loan Corp.
Because the state is considered a more reliable borrower than a student with no collateral, it can take on debt at a lower interest rate.
Read more: juneauempire.com/state/2016-03-31/constitutional-amendment-advances-again