Fund 849 - Institutions of Higher Education - Student Loan Account
Locally by each agency - LCL0
3 - Local Fund
SAAM Budget Type:
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.
This fund consists of gifts, the proceeds of which are loaned to students in accordance with donors’ instructions. The income from endowment principal established to support student loans is also deposited and accounted for in this fund.
Sources of Revenue:
Charges and Miscellaneous Revenue, Other Miscellaneous Revenue, Interest Earnings
Students of colleges and universities
Institutions of Higher Education - Student Loan Account
BA - Special Revenue Funds
BG - Higher Education Fund
Closing GL Code:
9310 - Committed for Higher Education