Section 14.43.122 - Consolidation of loans(a) The corporation may offer a borrower who has received more than one education loan the option of consolidating the multiple loans into a single loan as provided in this section.(b) For a borrower to be eligible for consolidation of a loan under this section, the borrower must apply on a form approved by the corporation and must (1) physically reside in the state and have maintained a domicile in the state for not less than 12 consecutive months before submitting an application for consolidation;(2) be a previous borrower, cosigner, or beneficiary of an education loan made under AS 14.43 or AS 14.44; or(3) be a graduate of a high school or postsecondary institution physically located in the state. (c) In this section, "education loan" means a loan to finance the cost of attendance at a postsecondary institution in or outside the state.Amended by SLA 2022, ch. 40,sec. 38, eff. 7/1/2022.Amended by SLA 2014, ch. 89,sec. 17, eff. 7/17/2014.