Arizona Revised Statutes

Ariz. Rev. Stat. § 15-1877 (2026)

Scholarships and financial aid provisions

✓ current as of May 2026

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A. Any student loan program, student grant program or other financial assistance program established or administered by this state shall treat the balance in an account of which the student is a designated beneficiary as neither an asset of the parent of the designated beneficiary nor as a scholarship, a grant or an asset of the student for determining the student's or parent's income, assets or financial need.

B. Subsection A of this section applies to any state appropriated financial assistance program administered by a college or university in this state, including the financial aid trust fund established by section 15-1642 and the leveraging educational assistance program established by section 1203 of the higher education act amendments of 1998 (P.L. 105-244; 112 Stat. 1581; 20 United States Code section 1001).

C. Subsections A and B of this section do not apply if any of the following conditions exists:

1. Federal law requires all or a portion of the amount in an account to be taken into consideration in a different manner.

2. Federal benefits could be lost if all or a portion of the amount in an account is not taken into consideration in a different manner.

3. A specific grant establishing a financial assistance program requires that all or a portion of the amount in an account be taken into consideration.

Notes of Decisions

Cited in 1 case, 2008–2008 · leading case: Cain v. Horne, 183 P.3d 1269 (Ariz. Ct. App. 2008).

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Cain v. Horne, 183 P.3d 1269 (Ariz. Ct. App. 2008). · cites it 2× “§ 15-765; the Leveraging Educational Assistance Partnership (LEAP) program, A.R.S. § 15-1877(B); the Private Postsecondary Education Student Financial Assistance Program (PFAP), A.”

— Ariz. Rev. Stat. § 15-1877(B) — 1 case

Cain v. Horne, 183 P.3d 1269 (Ariz. Ct. App. 2008). “§ 15-765; the Leveraging Educational Assistance Partnership (LEAP) program, A.R.S. § 15-1877(B); the Private Postsecondary Education Student Financial Assistance Program (PFAP), A.”

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