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(B) The date the coed finished the earlier payment interval for which he / she received title IV, HEA system money; or
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(i) Affirmative affirmation is a procedure under which an establishment obtains published confirmation of the categories and amounts of title IV, HEA program financial loans that a scholar desires for that duration of enrollment prior to the establishment credits the scholar's account with Those people loan money.
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(5) An institution should inform the student or mother or father in writing concerning the consequence of any cancellation request.
(i) An establishment located in a State which makes direct payments to the university student by EFT and that enters into an arrangement explained in paragraph (e) or (file) of this segment, including an establishment that uses a 3rd-occasion servicer for making All those payments, have to establish a range approach under which the scholar chooses among a number of selections for getting Those people payments.
The procedure beneath which the Instruct Grant plan is administered is regarded as being an affirmative confirmation course of action; and
An institution may well maintain for approximately 7 times an quantity of extra cash that doesn't exceed a person percent check here of the entire number of resources the institution drew down within the prior award yr.
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