(four) An institution might include things like in the current payment period unpaid allowable charges from any prior payment interval in the current award yr or latest bank loan interval for which the student was qualified for title IV, HEA method cash.
) The existing award calendar year for a college student who won't receive a Immediate Personal loan but receives funds beneath almost every other title IV, HEA method; or
(two) An institution seeks reimbursement by distributing towards the Secretary a ask for for funds that does not exceed the quantity of the disbursements the institution has manufactured to students or mom and dad included in that ask for.
(viii) Make sure that the phrases in the accounts presented pursuant to the T2 arrangement are usually not inconsistent with the most effective money pursuits of the students opening them. The Secretary considers this necessity to become met if—
(i) For just a Direct Loan, the scholar is no more enrolled in the institution as not less than a fifty percent-time scholar for the period of enrollment for which the loan was meant; or
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An establishment may possibly keep for nearly 7 days an number of surplus cash that doesn't exceed one particular per cent of the full amount of resources the institution drew down inside the prior award year.
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The Secretary may possibly shell out title IV, HEA credit rating balances beneath paragraphs (h) and (m) of more info this segment directly to a university student or dad or mum applying a way proven or authorized from the Secretary and published during the Federal Sign-up.
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(i) Figuring out the type and quantity of title IV, HEA software funds that a university student is qualified to receive;
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