A borrower's obligation to repay the principal of and interest on a loan made under AS 14.43.170 - 14.43.175 begins not later than six months following the borrower's completion or other termination of the postsecondary program or on the date the borrower ceases to be enrolled in the program at least half time. The commission and borrower may agree to a repayment schedule that begins immediately upon disbursement of a loan.
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