Cal. Code Regs. Tit. 22, § 50533 - Exempt Loans, Grants, Scholarships and Fellowships

(a) The following loans, grants, scholarships and fellowships are exempt:

(1) Loans made under Title III of the Federal Economic Opportunity Act, Special Program to Combat Poverty in Rural Areas.

(2) Loans or grants to an undergraduate student for educational purposes made or insured by the Federal Commissioner of Education. These include, but are not limited to:

(A) Supplemental Education Opportunity grants.

(B) National Direct Student loans.

(C) College Work Study.

(D) Basic Educational Opportunity grants.

(E) Federal insured student loans.

(3) Educational loans or grants to undergraduate students when it is verified that they are awarded on the basis of the student's need. These include, but are not limited to:

(A) Extended Opportunity Program loans and grants.

(B) Bureau of Indian Affairs loans and grants.

(C) California State scholarships (Cal Grant A).

(D) College Opportunity grants (Cal Grant B).

(E) Occupational, Educational-Training grants (Cal Grant C).

(4) Funds for readers, or educational scholarships, which are all of the following:

(A) Provided to an aged, blind or disabled person enrolled in a California public school or institution of higher learning.

(B) Awarded by an educational institution.

(C) Not available to meet basic needs.

(5) Other loans, grants, scholarships or fellowships, or portions thereof, to undergraduate or graduate students if the following conditions are met:

(A) The loan, grant, scholarship or fellowship document specifically limits the use of the funds for purposes other than current living costs.

(B) The loan, grant, scholarship or fellowship would not be available if used for any purpose other than the one specified.

Notes

Cal. Code Regs. Tit. 22, § 50533

1. Amendment of subsection (a) filed 12-15-77; effective thirtieth day thereafter (Register 77, No. 51).
2. Amendment filed 3-7-80; effective thirtieth day thereafter (Register 80, No. 9).

Note: Authority cited: Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Sections 14005.4, 14005.7, 11008.7, 11008.9, 11008.10 and 12152, Welfare and Institutions Code.

1. Amendment of subsection (a) filed 12-15-77; effective thirtieth day thereafter (Register 77, No. 51).
2. Amendment filed 3-7-80; effective thirtieth day thereafter (Register 80, No. 9).