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 by which the award is to be reduced.
- (1) Such funds should be re-awarded to other eligible students attending the institution. If funds cannot be re-awarded in a timely manner, they should be returned to the Board. 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 returned to the Board shall be returned promptly, and must be returned no later than 60 days from the issue date.
- (3) If the student withdraws or drops classes after the end of the institution's refund period, no refunds are due to the program.
Source Note:The provisions of this §22.30 adopted to be effective August 26, 2009, 34 TexReg 5687.