The Secretary may well involve an institution to keep up title IV, HEA method money in a different depository account that contains no other cash Should the Secretary determines the institution didn't adjust to—
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(ii) Correctly established the level of title IV, HEA system money disbursed, including the amount compensated directly to the scholar or mum or dad; and
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If there is not any equivalent agency, the Secretary may well approve a depository account selected from the foreign institution.
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If These cash contain Direct Bank loan software funds, the detect must indicate which cash are from sponsored loans, which are from unsubsidized financial loans, and which can be from In addition financial loans.
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