The Alaska Student Loan Corp. is challenging the Internal Revenue Service’s decision that $529.1 million of its education loan revenue bonds are not tax-exempt.

The IRS proposed an undisclosed settlement of alleged tax law violations under which the issuer would make a payment to maintain the bonds’ tax-exempt status, but the issuer is unwilling to accept it.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.