1210.025.10.25 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 grant or loan to a student for educational purposes made or insured under any program administered by the Commissioner of Education 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.