(a) A student may receive a disbursement after the end of his or 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 shall either be used to pay the student's outstanding balance, including interest, from his or 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 shall funds be released to the student.
Source Note:The provisions of this §520.8 adopted to be effective December 9, 2009, 34 TexReg 8729; amended to be effective April 10, 2013, 38 TexReg 2225.