diff --git a/enterprise_access/apps/subsidy_access_policy/admin/__init__.py b/enterprise_access/apps/subsidy_access_policy/admin/__init__.py
index 1d688c76..08d27766 100644
--- a/enterprise_access/apps/subsidy_access_policy/admin/__init__.py
+++ b/enterprise_access/apps/subsidy_access_policy/admin/__init__.py
@@ -26,7 +26,8 @@
     SubsidyAccessPolicySetLateRedemptionView
 )
 
-from .forms import ForcedPolicyRedemptionForm
+from .forms import ForcedPolicyRedemptionForm, SubsidyAccessPolicyForm
+
 
 logger = logging.getLogger(__name__)
 
@@ -199,6 +200,8 @@ class PerLearnerEnrollmentCreditAccessPolicy(DjangoQLSearchMixin, BaseSubsidyAcc
     """
     Admin configuration for PerLearnerEnrollmentCreditAccessPolicy.
     """
+    form = SubsidyAccessPolicyForm
+
     list_display = BaseSubsidyAccessPolicyMixin.list_display + (
         'per_learner_enrollment_limit',
     )
@@ -250,6 +253,8 @@ class PerLearnerSpendCreditAccessPolicy(DjangoQLSearchMixin, BaseSubsidyAccessPo
     """
     Admin configuration for PerLearnerSpendCreditAccessPolicy.
     """
+    form = SubsidyAccessPolicyForm
+
     list_display = BaseSubsidyAccessPolicyMixin.list_display + (
         'per_learner_spend_limit_dollars',
     )
@@ -313,6 +318,8 @@ class LearnerContentAssignmentAccessPolicy(DjangoQLSearchMixin, BaseSubsidyAcces
     """
     Admin configuration for AssignedLearnerCreditAccessPolicy.
     """
+    form = SubsidyAccessPolicyForm
+
     search_fields = (
         'uuid',
         'display_name',
diff --git a/enterprise_access/apps/subsidy_access_policy/admin/forms.py b/enterprise_access/apps/subsidy_access_policy/admin/forms.py
index b202adf5..6202483a 100644
--- a/enterprise_access/apps/subsidy_access_policy/admin/forms.py
+++ b/enterprise_access/apps/subsidy_access_policy/admin/forms.py
@@ -1,11 +1,15 @@
 """
 Forms to be used for subsidy_access_policy django admin.
 """
+import requests
 from django import forms
 from django.conf import settings
+from django.core.exceptions import ValidationError
 from django.utils.translation import gettext as _
 
-from ..models import ForcedPolicyRedemption
+from enterprise_access.apps.subsidy_access_policy.utils import get_versioned_subsidy_client
+
+from ..models import ForcedPolicyRedemption, SubsidyAccessPolicy
 
 
 class LateRedemptionDaysFromNowChoices:
@@ -92,3 +96,27 @@ class ForcedPolicyRedemptionForm(forms.ModelForm):
     class Meta:
         model = ForcedPolicyRedemption
         fields = '__all__'
+
+
+class SubsidyAccessPolicyForm(forms.ModelForm):
+    def clean_subsidy_uuid(self):
+        """
+        Validate that the subsidy exists and is assigned to the same enterprise customer as the budget.
+        """
+        # 1. check if the subsidy_uuid actually exists
+        # 2. subsidy is assigned to the same enterprise customer as the budget
+        # if any of these checks fail, raise a ValidationError
+        client = get_versioned_subsidy_client(version=1)
+        try:
+            subsidy = client.retrieve_subsidy(self.cleaned_data["subsidy_uuid"])
+        except requests.exceptions.HTTPError as exc:
+            raise ValidationError("Subsidy does not exist")
+
+        if str(subsidy["enterprise_customer_uuid"]) != str(self.cleaned_data["enterprise_customer_uuid"]):
+            raise ValidationError("Subsidy is not assigned to the same enterprise customer as the budget")
+
+        return self.cleaned_data["subsidy_uuid"]
+
+    class Meta:
+        model = SubsidyAccessPolicy
+        fields = '__all__'