StacksVerified U.S. regulatory reference

34 CFR §692.40

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
To be eligible for assistance, a student must—
  1. (a)Meet the relevant eligibility requirements contained in 34 CFR 668.32; and
  2. (b)Have substantial financial need as determined annually in accordance with the State's criteria approved by the Secretary.