zz – Obsolete

1210.025.10.25 LOANS

  1. Bona fide loans and grants, except that part of a grant designated for living expenses or child care, is an income exclusion.
  2. Any grant or loan to a student for educational purposes made or insured under any program administered by the Commissioner of Education under the Higher Education Act is excluded.  These programs of student assistance include:
    • Basic Educational Opportunity Grants;
    • Supplemental Educational Opportunity Grants;
    • The College Work Study Program;
    • National Direct Student Loans; and
    • Guaranteed Student Loans.