(1) Long-term loans and other institutional financial aid to students who demonstrate financial need shall be made only to students who qualify as residents for tuition purposes under RCW
28B.15.012 (2)(a) through (e) or to align with federal guidelines and are enrolled for at least three credit hours of instruction or the equivalent.
(2) Priorities for use of other institutional financial aid shall be given to:
(a) Students who have accumulated excessive educational loan burdens;
(b) Single parents who are students with demonstrated financial need for educational expenses, including child care and transportation;
(c) Other eligible students who demonstrate financial need; and
(d) Enrolled dual credit students who demonstrate financial need for tuition, fees, course materials, and transportation.
(3) Short-term loans may be made to any student enrolled in the institution.
(4) For long-term and short-term loans, institutions must have ample evidence that students have the capability of repaying the loan within the time frame specified by the institution.
(5) No individual shall be eligible for long-term loans, short-term loans or other institutional financial aid for students who demonstrate financial need if currently in default or delinquent in the payment on any educational loan or who owes a repayment on any federal or state grant.
[Statutory Authority: Chapter
28.50 [28B.50] RCW. WSR 21-17-035, § 131-36-100, filed 8/9/21, effective 9/9/21. Statutory Authority: RCW
28B.15.820. WSR 16-11-016, § 131-36-100, filed 5/6/16, effective 6/6/16; WSR 09-06-046, § 131-36-100, filed 2/25/09, effective 3/28/09. Statutory Authority: Chapter
28B.50 RCW. WSR 98-15-012, § 131-36-100, filed 7/2/98, effective 8/2/98. Statutory Authority: 1981 c 257. WSR 81-19-113 (Order 90, Resolution 81-66), § 131-36-100, filed 9/23/81.]