Montana § 15-62-205 Scholarships And Financial Aid Provisions -- Exceptions

Montana Statutes

§ 15-62-205 — Scholarships And Financial Aid Provisions -- Exceptions

Montana § 15-62-205

Title 15TAXATION

Ch. 62FAMILY EDUCATION SAVINGS ACT

Part 2Family Education Savings Program Account -- Administration

This text of Montana § 15-62-205 (Scholarships And Financial Aid Provisions -- Exceptions) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 15-62-205 (2026).

Text

15-62-205 . Scholarships and financial aid provisions -- exceptions.

(1)Except as provided in subsection (2), a student loan program, student grant program, or other financial assistance program established or administered by the state or a financial assistance program administered by a state-supported college or university must 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.

(2)This section does not apply if:

(a)federal law requires all or a portion of the amount in an account to be taken into account in a different manner;

(b)federal benefits could

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15-62-205 . Scholarships and financial aid provisions -- exceptions. (1) Except as provided in subsection (2), a student loan program, student grant program, or other financial assistance program established or administered by the state or a financial assistance program administered by a state-supported college or university must 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.
(2) This section does not apply if:
(a) federal law requires all or a portion of the amount in an account to be taken into account in a different manner;
(b) 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
(c) a specific grant establishing a financial assistance program requires that all or a portion of the amount in an account be taken into account.