Financial need

Financial need - An individual is in financial need for a particular grading period to the extent that the amount of his eligible educational expenses for that period exceed the sum of -
(1) The amount of his educational assistance benefits as described in the Act, at 34 U.S.C. 10302(a)(3); and
(2) His expected family contribution calculated pursuant to 20 U.S.C. 1087nn (higher education assistance).


28 CFR § 32.33

Scoping language

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