|(a) In the event of a hardship or for other good cause,
the Program Officer at a participating institution may allow an otherwise
eligible student to receive a loan through this Program:
(1) while not meeting the satisfactory academic progress
requirements, as defined in §22.179(3) of this subchapter (relating
to Eligibility of Students); or
(2) while enrolled beyond the time limit restrictions
defined in §22.180(a) of this subchapter (relating to Discontinuation
(b) Hardship conditions may include, but are not limited
(1) a showing of a severe illness or other debilitating
condition that may affect the student's academic performance; or
(2) an indication that the student is responsible for
the care of a sick, injured, or needy person and that the student's
provision of care may affect his or her academic performance.
(c) Documentation of the hardship circumstances approved
for a student to receive a loan must be kept in the student's files,
and the institution must identify students approved for a loan based
on a hardship to the Coordinating Board upon request.
(d) Each institution shall adopt a hardship policy
under this section and have the policy available in writing in the
financial aid office for public review upon request.