34 C.F.R. § 674.10

Selection of students for loans

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(a)(1) An institution shall make loans under this part reasonably available, to the extent of available funds, to all students eligible under § 674.9 but shall give priority to those students with exceptional financial need.

(2) The institution shall define exceptional financial need for the purpose of the priority described in paragraph (a)(1) of this section and shall develop procedures for implementing that priority.

(b) If an institution's allocation of Federal Capital Contribution is directly or indirectly based in part on the financial need demonstrated by students attending the institution as less-than-full-time or independent students, a reasonable portion of the dollar amount of loans made under this part must be offered to those students.

(1) In writing;

(2) Uniformly applied; and

(3) Maintained in the institution's files.

(Approved by the Office of Management and Budget under control number 1845-0019) (Authority: 20 U.S.C. 1087cc and 1087dd) [52 FR 45747, Dec. 1, 1987, as amended at 53 FR 49147, Dec. 6, 1988; 59 FR 61407, Nov. 30, 1994; 64 FR 58292, 58315, Oct. 28, 1999]

Notes of Decisions

Cited in 2 cases, 1993–1997 · leading case: Taha v. Immigr. & Naturalization Serv., 828 F. Supp. 362 (E.D. Pa. 1993).

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Taha v. Immigr. & Naturalization Serv., 828 F. Supp. 362 (E.D. Pa. 1993). “, 34 C.F.R. § 674.10 (a)(1) (“Selection of Students for Loans”); 34 C.”

Applicability of Section 514 of the 1997 Educ. Appropriations Act to Post-Secondary Student Aid Programs (OLC 1997). “§2753 ; 34 C.F.R. §§674.10 , 675.10, 676.10. Thus, unlike the first category of aid programs, the campus-based programs require more involve ment by the educational entities, in terms of applying for federal funds and deter mining how those funds will be distributed among…”

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