On the recordJune 12, 2014
I thank the Presiding Officer, and I thank my friend from Ohio. First, I would like to bring up the issue of the Alaska State student aid agency. The Alaska Commission on Postsecondary Education--or as we call it ACPE--is funded by the Alaska Student Loan Corporation. It is a public corporation in the State of Alaska and it is an agency that originates Federal loans under the old Federal Family Education Loan Program, FFEL, and for 40 years it has originated State loans. Now, before you dismiss ACPE as just another private lender, let me tell you what this agency does. It is the Alaska agency for authorizing and investigating institutions of higher education. They provide consumer protection for Alaskans. They gather student data to inform policymakers so we know what policies and practices are working and where improvement is necessary. They manage the State's performance scholarships and education grants, which provide both merit and need-based grants to Alaskan students for postsecondary education. They create and manage college readiness and job training programs and help them figure out how to afford it. What ACPE does is promote access to and success in high quality post- secondary education and job training for thousands of Alaskans and non- Alaskans who are attending Alaskan schools. But they also have a special emphasis on outreach to groups that are underrepresented in postsecondary education.…
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