Minnesota Administrative Rules

4830.5200 ELIGIBLE STUDENTS.

Subpart 1.

In general.

To be eligible for a state student loan, a student must meet all of the following requirements:

A.

is eligible for the guaranteed student loan program created by the Higher Education Act of 1965, as amended, published in United States Code, title 20, chapter 28;

B.

is enrolled at least half time;

C.

is in good standing, as determined by the school;

D.

lives in Minnesota during the school period for which the loan is approved, for a student who is not a Minnesota resident;

E.

has a loan refusal letter from a commercial lender when applying for a loan for the first time as an undergraduate student; and

F.

is one of the following:

(1)

enrolled in an eligible school in Minnesota; or

(2)

a Minnesota resident enrolled in an eligible school in any other state.

Subp. 2.

[Repealed, 10 SR 2319]

Subp. 3.

Students in default.

A student is not eligible for a loan if the student is currently in default on a student loan or has a default claim filed with the guarantee agency at the time of application unless the student has made repayment arrangements satisfactory to the guarantee agency and the office.

Statutory Authority:

MS s 136A.111; 136A.16; 136A.234; 136A.70; 147.30

History:

8 SR 196; 10 SR 2319; L 1995 c 212 art 3 s 59

Published Electronically:

October 2, 2013