zz – Obsolete

2010.045.10.25 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 educational grant or loan insured under any program administered 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.