# 34 CFR § 674.10: Selection of students for loans

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-34-674.10

## Section

- **Citation:** 34 CFR § 674.10
- **Heading:** Selection of students for loans
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 34—Education > Subtitle B—Regulations of the Offices of the Department of Education > CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION > PART 674—FEDERAL PERKINS LOAN PROGRAM > Subpart A—General Provisions

## Text

(a)(1) An institution shall make loans under this part reasonably available, to the extent of available funds, to all students eligible under § 674.9 but shall give priority to those students with exceptional financial need.
(2) The institution shall define exceptional financial need for the purpose of the priority described in paragraph (a)(1) of this section and shall develop procedures for implementing that priority.
(b) If an institution's allocation of Federal Capital Contribution is directly or indirectly based in part on the financial need demonstrated by students attending the institution as less-than-full-time or independent students, a reasonable portion of the dollar amount of loans made under this part must be offered to those students.
(c) The institution shall establish selection procedures and these procedures must be—
(1) In writing;
(2) Uniformly applied; and
(3) Maintained in the institution's files.
(Approved by the Office of Management and Budget under control number 1845-0019)
(Authority: 20 U.S.C. 1087cc and 1087dd)
[52 FR 45747, Dec. 1, 1987, as amended at 53 FR 49147, Dec. 6, 1988; 59 FR 61407, Nov. 30, 1994; 64 FR 58292, 58315, Oct. 28, 1999]

## Nearby sections

- [34 CFR § 674.1 § 674.1 Purpose and identification of common provisions.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.1.md)
- [34 CFR § 674.2 § 674.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.2.md)
- [34 CFR § 674.5 § 674.5 Federal Perkins Loan program cohort default rate and penalties.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.5.md)
- [34 CFR § 674.8 § 674.8 Program participation agreement.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.8.md)
- [34 CFR § 674.9 § 674.9 Student eligibility.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.9.md)
- [34 CFR § 674.10 § 674.10 Selection of students for loans.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.10.md)
- [34 CFR § 674.12 § 674.12 Loan maximums.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.12.md)
- [34 CFR § 674.13 § 674.13 Reimbursement to the Fund.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.13.md)
- [34 CFR § 674.16 § 674.16 Making and disbursing loans.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.16.md)
- [34 CFR § 674.17 § 674.17 Federal interest in allocated funds—transfer of Fund.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.17.md)
- [34 CFR § 674.18 § 674.18 Use of funds.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.18.md)
- [34 CFR § 674.19 § 674.19 Fiscal procedures and records.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.19.md)
- [34 CFR § 674.20 § 674.20 Compliance with equal credit opportunity requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.20.md)
- [34 CFR § 674.30 § 674.30 Severability.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.30.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-34-674.10. Check the current official text before relying on it. Not legal advice.