(iii) Notwithstanding any authorization acquired via the establishment underneath this paragraph, fork out any remaining stability on personal loan money by the top with the mortgage time period and any remaining other title IV, HEA program funds by the top of the final payment period inside the award yr for which they ended up awarded.
(ii) Correctly identified the amount of title IV, HEA method money disbursed, including the volume compensated straight to the scholar or mum or dad; and
(i) The institution could disburse the title IV, HEA program cash for which the student is qualified; and
An interim economic report is prepared on a consolidated basis if the entity’s most recent annual monetary statements had been consolidated statements. The father or mother’s individual economical statements usually are not consistent or similar with the consolidated statements in the most recent annual fiscal report.
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(B) A money account wherever details about the account is communicated on to pupils with the third-occasion servicer, or perhaps the institution on behalf of or together with the 3rd-occasion servicer; or
(B) A previous calendar year is any financial loan period of time or award yr previous to The existing financial loan interval or award calendar year, as relevant.
The eCFR is exhibited with paragraphs break up and indented to follow 34 cash the hierarchy in the doc. This really is an automated method for consumer benefit only and isn't intended to alter company intent or current codification.
(ii) To some mother or father, for the level of the Immediate Additionally Bank loan cash that a guardian won't authorize the scholar to obtain, by—
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) Make sure initiating direct payments by EFT to the scholar's existing money account is as well timed and no additional onerous to the student as initiating an EFT to an account provided beneath an arrangement explained in paragraph (e) or (file) of the segment;
An entity may use titles to the statements apart from Those people applied in this Regular. As an example, an entity could use the title ‘assertion of detailed earnings’ instead of ‘statement of revenue or reduction and also other detailed earnings’.
If there is not any equal agency, the Secretary may well approve a depository account specified from the overseas institution.
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