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indicates a card, code, or other usually means of usage of a monetary account, or any mix thereof, Which might be employed by a college student to initiate electronic fund transfers;
It should also be famous the progress payment provisions appear to be operable on the gross receipts level. The preamble on the proposed laws details out that there is no corresponding offset for the cost of merchandise sold.
) Within the discretion in the establishment, possibly The existing loan interval or the current award 12 months if a scholar gets a Direct Financial loan and cash from some other title IV, HEA application.
(iv) An establishment may not generate a late disbursement of any title IV, HEA method aid Except it received a sound SAR or a valid ISIR for the student because of the deadline day set up from the Secretary within a detect released during the Federal Sign-up.
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(i) For any Immediate Loan, the student is not enrolled within the institution as not less than a 50 percent-time student to the duration of enrollment for which the bank loan was supposed; or
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(i) Affirmative affirmation can be a system under which an establishment obtains penned confirmation of the types and amounts of title IV, HEA program financial loans that a student desires to the period of enrollment before the establishment credits the student's account with These mortgage resources.
(i) The Secretary processed a SAR or ISIR with an Formal envisioned family contribution for the coed for the related award year; and
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(1) Under the advance payment technique, an institution submits a request for funds towards the Secretary. The institution's request may not exceed the amount of funds the institution demands promptly for disbursements the establishment has designed or could make to eligible pupils and oldsters.