If a student officially withdraws from enrollment, or for some other reason, the amount of a student's disbursement exceeds the amount the student is eligible to receive; the institution shall follow its general institutional refund policy in determining the amount to be returned to the program.
- (1) Funds administered through campus-based operations do not have to be returned directly to the Board, but should be re-awarded to other eligible students. If funds cannot be re-awarded in a timely manner, they should be returned to the Board in the form of an institution-issued check. Such payment shall be accompanied with sufficient documentation to enable the Board to identify the appropriate program for which the funds were originally issued.
- (2) Funds should be returned promptly, but in no case shall they be returned more than 60 days from the issue date.
Source Note:The provisions of this §22.28 adopted to be effective November 28, 2005, 30 TexReg 7868.