Facebook Pixel
Updated: August 9, 2023

ACPE Parent Student Loan Review

Alaska Family Education Loan

Alaska Commission on Postsecondary Education (ACPE) logo
Alaska Commission on Postsecondary Education (ACPE)
Fixed apr
6.75% - 7.00%
Variable apr
Not Available
Repayment terms
10, 15 years

Rewards: Autopay Discount

Annual Loan Limits: $14,000 (maximum)

Overall Loan Limits: $56,000 (aggregate maximum)

Cosigner Terms: Cosigner optional, does not offer Cosigner Release

The bottom line

The Alaska Family Education Loan stands out as one of the parent loans with the fewest barriers to qualify and some of the most flexible repayment options. Note, however, that this loan is only available to Alaska residents.

Pros
  • Offers a partial forbearance option
  • Offers tutoring as well as job and career assistance to borrowers
  • Allows you to defer repayment while your student is still in school
Cons
  • Does not offer cosigner release
  • Only available to Alaska residents
  • Requires the student to be enrolled full-time

Full review

Alaska Commission on Postsecondary Education (ACPE)’s parent loan is best suited for individuals seeking a lender with a straightforward application process and a flexible repayment schedule. You only need a 680 credit score to qualify, having a cosigner is optional, and the student does not need to maintain Satisfactory Academic Progress. To be able to take out this loan, you only need to prove that you’re an immediate family member of the student.

When it comes to repayment, ACPE will actually allow you to defer repayment while the student is still in school, an option most other parent loans do not offer. That being said, they only offer two repayment terms, 10 years or 15 years. They also require the student to be enrolled full-time. And if you decide to use a cosigner, be aware that ACPE does not offer cosigner release.

The biggest thing to remember with this parent loan is that it is only available for Alaska residents.

Alaska Commission on Postsecondary Education (ACPE) - Alaska Family Education Loan

Check rates

Other loans that Alaska Commission on Postsecondary Education (ACPE) offers:

    Savingforcollege.com provides our readers with free access to objective information, articles and tools to help them make informed decisions about saving and paying for education. We are able to do this because we are compensated by our partners, including some private student lenders. Some, though not all, of the products featured here are offered by partners who may pay us a sales commission. Our partnerships do not influence our ratings or reviews, which are based on in-depth research and objective methodologies, though they may influence which products we write about and where those products appear on our site. Our opinions are our own.

    Wondering how much that loan is going to cost you? Check out our free Loan Calculator

    Input your loan terms and we’ll tell you how much you can expect to pay monthly and in total

    Get started
    Helping families save for college since 1999
    Join our email list

    The latest articles and tips to help parents stay on track with saving and paying for college, delivered to your inbox every week.

    Frequently featured in:

    Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.

    20533 Biscayne Blvd Ste 4 #199 Miami, FL 33180-1501Phone: (585) 286-5426Copyright © 2025 Saving for College, LLC. All Rights Reserved