For the purposes of chapter
131-36 WAC, the following definitions shall apply:
(1) "Fund" shall mean the institutional financial aid fund established by RCW
28B.15.820.
(2) "Current federal methodology" shall mean the method of determining financial need as prescribed by the United States Department of Education.
(3) "Loan guarantor" shall mean the Washington student loan guaranty association or its successor agency authorized to guarantee educational loans in Washington granted pursuant to 20 U.S. Code Section 1071.
(4) "Operational" shall mean that the institution has been approved as a lender and is eligible to provide loans guaranteed by the Washington student loan guaranty association successor agency.
(5) "Eligible student" is defined in RCW
28B.92.030(3).
(6) "Other institutional financial aid" shall be defined as locally administered, need-based institutional employment, tuition and fee scholarships, or grants.
[Statutory Authority: Chapter
28.50 [28B.50] RCW. WSR 21-17-035, § 131-36-050, filed 8/9/21, effective 9/9/21. Statutory Authority: RCW
28B.15.820. WSR 16-11-016, § 131-36-050, filed 5/6/16, effective 6/6/16; WSR 09-06-046, § 131-36-050, filed 2/25/09, effective 3/28/09. Statutory Authority: Chapter
28B.50 RCW. WSR 98-15-012, § 131-36-050, filed 7/2/98, effective 8/2/98. Statutory Authority: 1981 c 257. WSR 81-19-113 (Order 90, Resolution 81-66), § 131-36-050, filed 9/23/81.]