(a) In selecting from among the eligible applicants those who will be awarded a memorial education loan, priority will be given to those who
- (1) received a loan under this program during the previous academic year and are ranked by highest to lowest grade level; or
- (2) are nominated by a private donor contributing to the memorial education loan account.
- (b) Distribution of loan money among applicants who meet the criteria under (a) of this section will be based on a ranking by the commission of career goals, fisheries and seafood business references, and financial need.
(Eff. 3/31/90, Register 113; am 3/22/97, Register 141)