Section 121.46. Determination of financial need

(a) Financial need of applicants will be determined according to the need analysis procedures established annually by the Agency.

(b) Financial need will be computed as the arithmetical difference between the Agency-approved educational costs of the institution or program in which the applicant is enrolled or intends to enroll and the total resources computed by the Agency to be available to the applicant.

The provisions of this § 121.46 adopted February 27, 1969; amended December 27, 1974, effective December 28, 1974, 4 Pa.B. 2699. Immediately preceding text appears at serial page (14026).

Notation

Authority

The provisions of this § 121.46 amended under the act of January 25, 1966 (P. L. 1546, No. 541) (24 P. S. § 5151); the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. § 5104); the act of October 11, 1972 (P. L. 899, No. 213) (24 P. S. § 5161); and the act of October 11, 1972 (P. L. 909, No. 216) (24 P. S. § 5171).