Alaska 32nd Legislature (2021-2022) Status: In Committee

SB 94 — An Act relating to the education loan program and Alaska supplemental education loan program; and providing for an effective date.

Last action — (S) Heard & Held

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 32nd Legislature (2021-2022). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

12 added · 24 removed

Plain-language change summary

The amended bill SB 94 has made a few key changes. Notably, it removes specific sections that required the education loan program to seek efficiencies and submit annual performance reports to the legislature. This matters because by eliminating those requirements, there might be less accountability for ensuring that the loan program effectively benefits students in Alaska. Overall, these changes could impact how the loan programs are managed and assessed moving forward.

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32-GS1644\B CS FOR SENATE BILL NO.
32-GS1644\A SENATE BILL NO.
94(EDC) IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-SECOND LEGISLATURE - FIRST SESSION BY THE SENATE EDUCATION COMMITTEE Referred:
94 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-SECOND LEGISLATURE - FIRST SESSION BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR Introduced:
Finance Sponsor(s):
2/24/21 Referred:
SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR A BILL FOR AN ACT ENTITLED "An Act relating to the education loan program and Alaska supplemental education loan program;
Education, Finance A BILL FOR AN ACT ENTITLED "An Act relating to the education loan program and Alaska supplemental education loan program;
(2) be a previous borrower, cosigner, or beneficiary of an education loan made under AS 14.43 or AS 14.44 [HAS NOT BEEN PHYSICALLY ABSENT FROM THE STATE FOR MORE THAN 60 DAYS IN THE 12 MONTHS BEFORE SUBMITTING AN APPLICATION FOR SB0094B -1- CSSB 94(EDC) New Text Underlined [DELETED TEXT BRACKETED] 32-GS1644\B CONSOLIDATION];
(2) be a previous borrower, cosigner, or beneficiary of an education loan made under AS 14.43 or AS 14.44 [HAS NOT BEEN PHYSICALLY ABSENT FROM THE STATE FOR MORE THAN 60 DAYS IN THE 12 MONTHS BEFORE SUBMITTING AN APPLICATION FOR SB0094A -1- SB 94 New Text Underlined [DELETED TEXT BRACKETED] 32-GS1644\A CONSOLIDATION];
(b) The corporation may finance loans made under AS 14.43.170 - 14.43.175 to an eligible [A] borrower in a maximum total [AN] amount to be determined by the corporation for [THAT IS NOT MORE THAN] (1) an [A TOTAL OF $56,000 FOR] undergraduate study program;
(b) The corporation may finance loans made under AS 14.43.170 - 14.43.175 to an eligible [A] borrower a maximum total [IN AN] amount to be determined by the corporation for [THAT IS NOT MORE THAN] (1) an [A TOTAL OF $56,000 FOR] undergraduate study program;
(d) The commission shall determine a borrower's loan award amount for a specific school year [BASED ON A STUDENT'S ON-TIME, HALF-TIME, AND FULL-TIME STUDENT STATUS] and may not exceed the limits established by the CSSB 94(EDC) -2- SB0094B New Text Underlined [DELETED TEXT BRACKETED] 32-GS1644\B corporation [IN THIS SECTION] or the borrower's costs of attendance.
(d) The commission shall determine a borrower's loan award amount for a specific school year [BASED ON A STUDENT'S ON-TIME, HALF-TIME, AND FULL-TIME STUDENT STATUS] and may not exceed the limits established by the SB 94 -2- SB0094A New Text Underlined [DELETED TEXT BRACKETED] 32-GS1644\A corporation [IN THIS SECTION] or the borrower's costs of attendance.
AS 14.43 is amended by adding new sections to read:
Sec.
14.43.940.
Economies of scale.
When administering the education loan program under AS 14.43.091 - 14.43.160 and the Alaska supplemental education loan program under AS 14.43.170 - 14.43.175, the commission shall attempt to achieve economies of scale.
Sec.
14.43.950.
Report to the legislature.
Not later than December 31 of each year, the commission shall submit to the legislature a report evaluating the benefit provided to Alaska students by the education loan program under AS 14.43.091 - 14.43.160 and the Alaska supplemental education loan program under AS 14.43.170 - 14.43.175.
The commission shall deliver the report to the senate secretary and the chief clerk of the house of representatives and notify the legislature that the report is available.
* Sec.
7.
SB0094B -3- CSSB 94(EDC) New Text Underlined [DELETED TEXT BRACKETED]
SB0094A -3- SB 94 New Text Underlined [DELETED TEXT BRACKETED]
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Action History

  1. (S) Heard & Held

  2. (S) FINANCE at 09:00 AM SENATE FINANCE 532

  3. (S) REFERRED TO FINANCE

  4. (S) FN2: ZERO(REV)

  5. (S) FN1: ZERO(EED)

  6. (S) NR: MICCICHE

  7. (S) DP: HOLLAND, HUGHES, STEVENS

  8. (S) EDC RPT CS 3DP 1NR SAME TITLE

  9. (S) Minutes (SEDC)

  10. (S) Moved CSSB 94(EDC) Out of Committee

  11. (S) EDUCATION at 09:00 AM BUTROVICH 205

  12. (S) Minutes (SEDC)

  13. (S) Heard & Held

  14. (S) EDUCATION at 09:00 AM BUTROVICH 205

  15. (S) Minutes (SEDC)

  16. (S) Heard & Held

  17. (S) EDUCATION at 09:00 AM BUTROVICH 205

  18. (S) EDC WAIVED PUBLIC HEARING NOTICE,RULE 23

  19. (S) GOVERNOR'S TRANSMITTAL LETTER

  20. (S) FN2: ZERO(REV)

  21. (S) FN1: ZERO(EED)

  22. (S) EDC, FIN

  23. (S) READ THE FIRST TIME - REFERRALS

Sponsors

  • SENATE RULES BY REQUEST OF THE GOVERNOR · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on

Sponsors (1)

  • SENATE RULES BY REQUEST OF THE GOVERNOR

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

Show all 64 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 94?
SB 94 is sponsored by SENATE RULES BY REQUEST OF THE GOVERNOR.
What is the current status of SB 94?
This bill died with 32nd Legislature (2021-2022). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 94?
Track SB 94 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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