{"data":{"id":"us-sd/sdcl-13-63-27","jurisdiction":"us-sd","citation":"SDCL § 13-63-27","heading":"Account balance of beneficiary student treated as asset of parent--Exceptions.","body":"Any student loan program, student grant program, or other financial assistance program established or administered by this state or by a state supported educational institution shall 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.\nHowever, this section does not apply if any of the following conditions exist:\n(1) Federal law requires all or a portion of the amount in an account to be taken into account in a different manner;\n(2) 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(3) 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 13. EDUCATION","CHAPTER 13-63. HIGHER EDUCATION SAVINGS PLAN"],"source_url":"https://sdlegislature.gov/Statutes/13-63-27","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"e70a880f2dfb9808422e77f9bd53136f8e6cbc34524ef9ca3a51f037dd47fd09","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-13-63-26","next":"us-sd/sdcl-13-63-28"},"notice":"GroundRules: Original legal text. Not legal advice."}