Funding shall occur on a monthly basis as funds are available. First-time enrollments must be first to receive funding in the month they are approved. If available funds are insufficient to cover the remaining enrollments in a given month, the unfunded enrollments must be first to receive funding in the subsequent month. First-time enrollments in that month will be funded following the funding of enrollments brought forward from the previous month(s). See illustration below.
| Loan Application | Funded? |
Loan
ID | First Loan? | Dec.
07 | Jan.
08 | Feb.
08 | Mar.
08 |
| D-1 | Y | Y | | | |
| D-2 | Y | Y | | | |
| D-3 | N | Y | | | |
| D-4 | N | N | Y | | |
| D-5 | N | N | N | Y | |
| D-6 | N | N | N | N | Y |
| J-1 | Y | -- | N | N | Y |
| J-2 | N | -- | N | N | N |
| J-3 | N | -- | N | N | N |
| F-1 | Y | -- | -- | N | Y |
| F-2 | Y | -- | -- | N | Y |
| F-3 | N | -- | -- | N | N |
| F-4 | N | -- | -- | N | N |
| M-1 | Y | -- | -- | -- | N |
| M-2 | N | -- | -- | -- | N |
Note: In the Loan ID column, the alpha character identifies the month in which the enrollment was approved. After three months on the list, unfunded enrollments (other than first-timers) will be funded in alternating order with first-time enrollments. First-timers that are unfunded after six months will be given priority and not subjected to alternating. (See WAC
326-70-060)
[Statutory Authority: RCW 39.19.030, 43.86A.060, and 2007 c 500 §§ 1 and 2. 08-03-116, § 326-70-050, filed 1/22/08, effective 2/22/08.]