(a) A student may receive a disbursement after the end of his/her period of enrollment if the student:
- (1) Owes funds to the institution for the period of enrollment for which the award is being made; or
- (2) Received a student loan that is still outstanding for the period of enrollment.
- (b) Funds that are disbursed retroactively must either be used to pay the student's outstanding balance from his/her period of enrollment at the institution or to make a payment against an outstanding student loan received during that period of enrollment. Under no circumstances are funds to be released to the student.
Source Note:The provisions of this §22.29 adopted to be effective November 28, 2005, 30 TexReg 7868.