Title 28B — Title 28B HIGHER EDUCATION
54 chapters · 1,103 sections in this title.
RCW 28B.93.005 Findings—Intent.
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(1) The legislature finds that college students continue to borrow in order to fund their higher education, despite an increase in access to state financial aid. In Washington state, estimates for the number of borrowers carrying student loan debt are around 800,000 with an avera…
RCW 28B.93.010 Definitions.
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Borrower" means an eligible student who has received a student loan under the Washington student loan program.(2) "Eligible expenses" means reasonable expenses associa…
RCW 28B.93.020 Program design recommendations—Consultation on sustainability.
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(1) The Washington student achievement council, in consultation with the office of the state treasurer and the state investment board, shall design a student loan program to assist students who need additional financial support to obtain postsecondary education.(2) At a minimum, …
RCW 28B.93.030 Program administration.
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(1) The Washington student loan program is created to assist students who need additional financial support to obtain postsecondary education. Beginning in the 2025-26 academic year, the office may award student loans under the program to eligible students from the funds availabl…
RCW 28B.93.040 Loan origination—Third-party loan servicing.
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The office may contract with one or more state-based financial institutions regulated by either chapter 31.12 RCW or chapter 30A.04 RCW to provide loan origination and may contract with a third-party entity to provide loan servicing for the program. A third-party entity providing…
RCW 28B.93.050 Data collection.
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(1) The office shall collect data on the program in collaboration with the institutions of higher education. The data must include, but is not limited to:(a) The number of eligible students who were awarded a student loan;(b) The number of borrowers;(c) The average borrowed annua…
RCW 28B.93.060 Washington student loan account.
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(1) The Washington student loan account is created in the state treasury. All receipts from the Washington student loan program must be deposited in the account. Expenditures from the account may be used only for administration and the issuance of new student loans. Moneys in the…