(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 for which the award is being made.
- (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 loan received during that period of enrollment. Under no circumstances are funds to be released to the student.
Source Note:The provisions of this §22.130 adopted to be effective August 16, 2004, 29 TexReg 7985.