34 CFR 674.10
§ 674.10 Selection of students for loans.
United States · 34 CFR — Education · Status: effective
Cite this
- Citation
- 34 CFR 674.10, § 674.10 Selection of students for loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/157691
- Permanent ID
ys:prov:157691@1- SHA-256
abe9f2d6c76230141e5b73b46c604462566489a101be435dc5161ab0a58f2393
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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.
(c) The institution shall establish selection procedures and these procedures must be—
(1) In writing;
(2) Uniformly applied; and
(3) Maintained in the institution's files.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.