{"data":{"id":"us-az/a.r.s.-15-1877","jurisdiction":"us-az","citation":"A.R.S. § 15-1877","heading":"Scholarships and financial aid provisions","body":"A. Any student loan program, student grant program or other financial assistance program established or administered by this state shall treat the balance in an account of which the student is a designated beneficiary as neither an asset of the parent of the designated beneficiary nor as a scholarship, a grant or an asset of the student for determining the student's or parent's income, assets or financial need.\n\nB. Subsection A of this section applies to any state appropriated financial assistance program administered by a college or university in this state, including the financial aid trust fund established by section 15-1642 and the leveraging educational assistance program established by section 1203 of the higher education act amendments of 1998 (P.L. 105-244; 112 Stat. 1581; 20 United States Code section 1001).\n\nC. Subsections A and B of this section do not apply if any of the following conditions exists:\n\n1. Federal law requires all or a portion of the amount in an account to be taken into consideration in a different manner.\n\n2. Federal benefits could be lost if all or a portion of the amount in an account is not taken into consideration in a different manner.\n\n3. A specific grant establishing a financial assistance program requires that all or a portion of the amount in an account be taken into consideration.","path":["Title 15 Education"],"source_url":"https://www.azleg.gov/ars/15/01877.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-10-26T05:51:13Z","sha256":"0c19b011aaea4ff706651901effc20d0fdfb71d6d4d6712090095732b375e056","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-15-1876","next":"us-az/a.r.s.-15-1878"},"notice":"GroundRules: Original legal text. Not legal advice."}