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Fund Reference Manual

Fund 860 - Institutions of Higher Education -Institutional Financial Aid Account

Authority: RCW 28B.15.820
Admin Agency: Locally by each agency - LCL0
Cash Type: 3 - Local Fund
SAAM Budget Type: Nonappropriated/Nonallotted (N)
Earnings from Investments are: Credited to the appropriate fund as directed by the Legislature and/or the administering agency of the fund. RCW’s 43.79A.040 and 43.84.092 do not apply.
Description: Used to make guaranteed long-term loans to eligible students as provided in subsections (3) through (8) of this section; to make short-term loans as provided in subsection (9) of this section; or to provide financial aid to needy students as provided in subsection (10) of this section.
Sources of Revenue: Charges and Miscellaneous Revenue, Interest Earnings
Clientele: Eligible students
Effective Date: 07/01/1981

ACFR Information

Account Code: 860
Account Title: Institutions of Higher Education -Institutional Financial Aid Account
Fund Type: BA - Special Revenue Funds
Rollup Fund: BG - Higher Education Fund
Closing GL Code: 9310 - Committed for Higher Education