Michael Murphy Memorial Education Loan
Provided by: Alaska Commission on Postsecondary Education
The Michael Murphy Memorial Education Loan is a no-interest loan for Alaskan residents. To be considered for the loan, you must be pursuing undergraduate studies related to law enforcement, probation or parole, penology, criminology or any closely related field. You may receive forgiveness of 20 percent of the loan amount for every year you are employed full-time in Alaska in a law enforcement or related field, for up to 100 percent forgiveness. Please note that forgiveness benefits do not replace timely monthly payments.