(ii) Maintain, at all times, cash in its depository account within an total no less than equal to the amount of funds the establishment retains on behalf of the coed or the dad or mum; and
Simply because his mother desired to title him John and his father chosen to call him Ray when he was born, they compromised to the initials "J. R.
(two) An institution seeks reimbursement by publishing towards the Secretary a request for resources that doesn't exceed the amount of the disbursements the establishment has built to pupils or parents A part of that request.
The eCFR is displayed with paragraphs break up and indented to follow the hierarchy of your document. This is often an automated system for user convenience only and isn't meant to alter company intent or existing codification.
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(i) An institution situated in a Condition which makes immediate payments to your scholar by EFT and that enters into an arrangement explained in paragraph (e) or (file) of this section, including an establishment that works by using a third-celebration servicer to make Individuals payments, have to set up a selection process less than which the coed chooses one of numerous selections for getting Individuals payments.
(i) If the coed is enrolled in a credit history-hour system available in conditions which are substantially equal in size that is not a membership-primarily based application, ten days before the initially day of classes of a payment period of time;
(A) The total thing to consider for by far the most website just lately finished award calendar year, monetary and non-financial, paid or gained through the get-togethers beneath the conditions with the contract; and
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(B) Offer to the Secretary an up-to-day URL for that agreement for publication in a very centralized databases available to the public;
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