The commission staff shall process applications and distribute available loan proceeds based on the order in which the applications are received, except that in a year that financing is insufficient and not available to fully finance loan demand, priority will be given to residents of this state attending institutions in this state. Each year, a person requesting a loan for that school year must file an application on a form obtained from the commission.
20 AAC 15.520
Authority:AS 14.42.030
AS 14.43.740