Idaho § 33-5406 - Scholarships and financial aid provisions
Full text of Idaho Idaho Statutes § 33-5406 — Scholarships and financial aid provisions, with citation guidance and answers to common questions.
§ 33-5406. Scholarships and financial aid provisions
(1) Any student loan program, student grant program or other financial assistance program established or administered by this state shall 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) Subsection (1) of this section applies to any financial assistance program administered by a state-supported college or university.
(3) Subsections (1) and (2) of this section do not apply if any of the following conditions exist:
(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;
(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.
[33-5406, added 2000, ch. 213, sec. 1, p. 580.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 33-5406
What does Idaho Statutes § 33-5406 cover?
Section 33-5406 ("Scholarships and financial aid provisions") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 33-5406?
A common citation format is "Idaho Statutes § 33-5406" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 33-5406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.