The Secretary might involve an institution to keep up title IV, HEA plan resources inside a individual depository account that contains no other cash In the event the Secretary establishes the institution did not adjust to—
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(ii) The money account or entry gadget is cobranded While using the institution's name, emblem, mascot, or other affiliation and is also promoted principally to learners at the institution; or
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(ii) If the coed accomplished the payment period of time or duration of enrollment, the establishment must offer the student or dad or mum the selection to get the quantity of title IV, HEA application resources that the scholar or dad or mum was qualified to receive while the student was enrolled with the establishment.
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So as to add up the entire volume of cash and cash you may have, to start with sort Each and every Notice and coin As outlined by benefit. Generate a individual pile for each denomination after which count the number of of each Monthly bill or coin price you may have.
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(viii) Ensure that the terms of the accounts supplied pursuant to some T2 arrangement will not be inconsistent with the ideal financial pursuits of the students opening them. The Secretary considers this prerequisite to generally be met if—