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(ii) An institution might not create a late second or subsequent disbursement of a loan beneath the Direct Financial loan program Except if the scholar effectively done the duration of enrollment for which the loan was supposed.

(two) If an EFT to your college student's or guardian's financial account is turned down, or possibly a Check out to the college student or mother or father is returned, the establishment may perhaps make additional attempts to disburse the funds, offered that These tries are made not later on than forty five times once the EFT was turned down or maybe the Test returned.

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(four) An institution may possibly include in The present payment period of time unpaid allowable rates from any previous payment interval in The existing award calendar year or existing loan period for which the scholar was suitable for title IV, HEA application resources.

(one) Retain check here accounting and inner Handle programs that establish the cash balance of your cash of each title IV, HEA program which can be A part of the institution's depository account or accounts as readily as though those resources have been maintained inside of a separate depository account;

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Beneath the heightened cash monitoring payment process, an institution ought to credit a pupil's ledger account for the quantity of title IV, HEA method funds that the student or guardian is suitable to acquire, and pay back the amount of any credit score stability owing underneath § 668.164(h), before the establishment—

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(A) Has an arrangement having a reserve publisher or other entity that enables it to help make People guides or supplies accessible to college students beneath aggressive market charges;

) The present award year for a student who does not get a Direct Loan but gets resources below any other title IV, HEA application; or

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