College, AK · West · Allowed
Payday loans in College
College is governed by Alaska's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Alaska. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in College
14,568 residents · Fairbanks North Star Borough County Median household income is $73,812 — below the Alaska median of $75,315.
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Alaska page before visiting. Spot an error? Report it.
The online route in College
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Alaska follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Alaska regulator.
The rules behind the numbers
Payday loans are intended for short-term financial needs only and are not a solution for long-term debt.
In practice: borrow $300 for a standard term and the finance charge is $50 — $350 repaid at the end, about 435% APR. Every compliant lender in College has to fit inside that schedule.
Statute: Alaska Stat. § 06.50.010 et seq.
Regulator: Alaska Division of Banking and Securities · www.commerce.alaska.gov
Questions people ask in College
Are payday loans legal in College, AK?
Yes. Storefront payday lending is permitted across Alaska, and College runs under the same state rules: maximum loan $500, fees capped at 15% of face value + $5 fee. A store charging above the cap is operating illegally.
How much would a $300 loan cost me in College?
The same as anywhere in Alaska: state law sets the schedule. On a typical $300 loan the finance charge is about $50 — $350 repaid at the end of the standard term.
Which lenders have stores in College?
Our 2022-02-20 directory snapshot lists no storefront lenders in College. Nearby towns may have locations — check the state page for the full list.
Who regulates lenders in College?
Complaints about a lender go to the Alaska Division of Banking and Securities (www.commerce.alaska.gov) — keep the loan agreement and every fee disclosure you were given.