Montana § 15-62-205 - Scholarships And Financial Aid Provisions -- Exceptions
Full text of Montana Montana Code Annotated § 15-62-205 — Scholarships And Financial Aid Provisions -- Exceptions, with citation guidance and answers to common questions.
§ 15-62-205. Scholarships And Financial Aid Provisions -- Exceptions
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.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-62-205
What does Montana Code Annotated § 15-62-205 cover?
Section 15-62-205 ("Scholarships And Financial Aid Provisions -- Exceptions") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 15-62-205?
A common citation format is "Montana Code Annotated § 15-62-205" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 15-62-205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.