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CFR › Title 34 › Subtitle B › Chapter VI › Part 674 › Subpart A › Section 674.10

34 CFR 674.10 - Selection of students for loans.

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§ 674.10
Selection of students for loans.
(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.
(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]

Title 34 published on 2012-07-01

The following are only the Rules published in the Federal Register after the published date of Title 34.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2012-11-01; vol. 77 # 212 - Thursday, November 1, 2012
    1. 77 FR 66088 - Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program
      GPO FDSys XML | Text
      DEPARTMENT OF EDUCATION, Office of Postsecondary Education
      Final regulations.
      Effective date: These regulations are effective July 1, 2013. Implementation dates: For implementation dates, see the Implementation Date of These Regulations section of the Supplementary Information.
      34 CFR Parts 674, 682, and 685

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 20 - EDUCATION

§ 424

§ 425 - Omitted

§ 428

§ 465 - Omitted

§ 1070g - Definitions

§ 1087aa - Appropriations authorized

§ 1087bb - Allocation of funds

§ 1087cc - Agreements with institutions of higher education

20 USC § 1087cc–1 - Student loan information by eligible institutions

§ 1087dd - Terms of loans

§ 1087ee - Cancellation of loans for certain public service

§ 1087ff - Distribution of assets from student loan funds

§ 1087gg - Collection of defaulted loans: Perkins Loan Revolving Fund

§ 1087hh - General authority of Secretary

§ 1091 - Student eligibility

§ 1091a - Statute of limitations, and State court judgments

§ 1094 - Program participation agreements

§ 1096 - Administrative expenses

§ 1141 - College access challenge grant program

§ 1232c - State agency monitoring and enforcement

§ 1232f - Records

§ 1401 - Definitions

Public Laws

92-318

94-482

Title 34 published on 2012-07-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 34 CFR 674 after this date.

  • 2012-11-01; vol. 77 # 212 - Thursday, November 1, 2012
    1. 77 FR 66088 - Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program
      GPO FDSys XML | Text
      DEPARTMENT OF EDUCATION, Office of Postsecondary Education
      Final regulations.
      Effective date: These regulations are effective July 1, 2013. Implementation dates: For implementation dates, see the Implementation Date of These Regulations section of the Supplementary Information.
      34 CFR Parts 674, 682, and 685