261.84  Student eligibility.
  In order to be eligible, a student must:
  1.  Be a citizen of the United States and a resident of this state.
  2.  Be enrolled and making satisfactory academic progress or accepted for enrollment at an eligible postsecondary institution on a half-time or greater basis.
  3.  Demonstrate financial need. A student’s need shall be determined on the basis of a need analysis system approved for use by the commission or under the federal work-study program.
  4.  Have not defaulted on an Iowa guaranteed loan payment or on a loan guaranteed by the federal government.
85 Acts, ch 219, §4
; 
89 Acts, ch 300, §19, 26