{"data":{"id":"us-mt/15-62-205","jurisdiction":"us-mt","citation":"15-62-205","heading":"Scholarships and financial aid provisions -- exceptions.","body":"(1) Except as provided in subsection (2), a student loan program, student grant program, or other financial assistance program established or administered by the state or a financial assistance program administered by a state-supported college or university must treat the balance in an account of which the student is a designated beneficiary as if it were an asset of the parent of the designated beneficiary and not as a scholarship or grant or as an asset of the student for determining a student's or parent's income, assets, or financial need.\n(2) This section does not apply if:\n(a) federal law requires all or a portion of the amount in an account to be taken into account in a different manner;\n(b) federal benefits could be lost if all or a portion of the amount in an account is not taken into account in a different manner; or\n(c) a specific grant establishing a financial assistance program requires that all or a portion of the amount in an account be taken into account.","path":["TITLE 15. TAXATION","CHAPTER 62. FAMILY EDUCATION SAVINGS ACT","Part 2. Family Education Savings Program Account -- Administration"],"source_url":"https://mca.legmt.gov/bills/mca/title_0150/chapter_0620/part_0020/section_0050/0150-0620-0020-0050.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:47:48Z","sha256":"6b44ed10872606a7cbc3132dccc55a4245103700632faf06547f26a87be02873","source_id":"us-mt","stale":false,"prev":"us-mt/15-62-204","next":"us-mt/15-62-206"},"notice":"GroundRules: Original legal text. Not legal advice."}