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) The present award calendar year for just a university student who does not get a Immediate Financial loan but gets money below every other title IV, HEA program; or
(i) The institution could disburse the title IV, HEA system funds for which the coed is suitable; and
) Let the student to vary, Anytime, her or his Earlier selected payment option, as long as the scholar delivers the institution with composed discover with the modify inside of a reasonable time;
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(three) At enough time a disbursement is made to some scholar for a payment period, an institution must verify that the student is eligible for the type and level of title IV, HEA software money determined by that disbursement.
(B) A previous 12 months is any financial loan interval or award calendar year before the current bank loan interval or award calendar year, as relevant.
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The Secretary more info may well pay back title IV, HEA credit history balances less than paragraphs (h) and (m) of the area directly to a pupil or parent using a method founded or approved with the Secretary and revealed inside the Federal Register.
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In accordance with treatments established through the Secretary, the Secretary may possibly present resources to an establishment underneath the progress payment process, reimbursement payment method, or heightened cash monitoring payment method.
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to help make their interim fiscal reviews out there not later on than sixty times following the end with the interim period.