Educational Income
(a)Income from scholarships and grants that are not…#
(a) Income from scholarships and grants that are not otherwise excluded by federal law or regulation shall be:
(1) Counted only to the extent that the income exceeds actual verified educational expenses during the period it is intended to cover; and
(2) Divided by the number of months it is intended to cover to calculate a monthly amount.
(b)Income from student loans, regardless of the source or…#
(b) Income from student loans, regardless of the source or the purpose to which it is used, shall not be counted when determining eligibility.
Source. #13715, eff 8-8-23