For the purposes of chapter 131-36 WAC, the following definitions shall apply:
- (1) "Fund" shall mean the institutional financial aid fund established by RCW 28B.15.820.
- (2) "Current federal methodology" shall mean the method of determining financial need as prescribed by the United States Department of Education.
- (3) "Loan guarantor" shall mean the Washington student loan guaranty association or its successor agency authorized to guarantee educational loans in Washington granted pursuant to 20 U.S. Code Section 1071.
- (4) "Operational" shall mean that the institution has been approved as a lender and is eligible to provide loans guaranteed by the Washington student loan guaranty association successor agency.
- (5) "Eligible student" is defined in RCW 28B.92.030(3).
- (6) "Other institutional financial aid" shall be defined as locally administered, need-based institutional employment, tuition and fee scholarships, or grants.
[Statutory Authority: Chapter 28.50 [28B.50] RCW. WSR 21-17-035, § 131-36-050, filed 8/9/21, effective 9/9/21. Statutory Authority: RCW 28B.15.820. WSR 16-11-016, § 131-36-050, filed 5/6/16, effective 6/6/16; WSR 09-06-046, § 131-36-050, filed 2/25/09, effective 3/28/09. Statutory Authority: Chapter 28B.50 RCW. WSR 98-15-012, § 131-36-050, filed 7/2/98, effective 8/2/98. Statutory Authority: 1981 c 257. WSR 81-19-113 (Order 90, Resolution 81-66), § 131-36-050, filed 9/23/81.]