(ii) Maintain, at all times, cash in its depository account in an volume a minimum of equivalent to the quantity of cash the institution retains on behalf of the coed or even the father or mother; and
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(iii) A card or Resource that is certainly presented to the student for institutional purposes, like a student copyright, is validated, enabling the scholar to make use of the unit to access a money account.
the overriding target is to ensure that an interim fiscal report involves all facts that is definitely relevant to being familiar with an entity’s economical situation and functionality through the interim period (see paragraph 25 of IAS 34). The Interpretations Committee further observed that in accordance with paragraph OB20 in the IASB’s Conceptual Framework, specifics of cash flows can help customers to understand a reporting entity’s functions, Assess its funding and investing activities, assess its liquidity or solvency and interpret other information about fiscal general performance.
(ii) An institution isn't essential by this part to return any financial loan or Instruct Grant proceeds that it disbursed straight to a student or mother or father.
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(3) The establishment should disburse the cash requested when administratively possible but no later than 3 business days pursuing the day the institution obtained Those people money.
In 1944,[29] Cash's more mature brother Jack, with whom he was near, was Lower Virtually in two by an unguarded table saw at do the job. He died of his wounds each week afterwards.[30] In line with Cash's autobiography, he, his mother, and Jack all experienced a way of foreboding about that day; his mom urged Jack to skip operate and go fishing with Cash, but Jack insisted on Performing since the loved ones necessary The cash.
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If the scholar or dad or mum would not get the Check out, the institution should immediately mail the Examine to the scholar or mum or dad, pay out the scholar or dad or mum right by other implies, or return the funds to the suitable title IV, HEA system.
(one) Underneath the reimbursement payment method, an institution need to credit score a pupil's ledger account for the amount of title IV, HEA plan funds that the scholar or dad or mum is suitable to obtain, and shell out the quantity of any credit score stability due under § 668.164(h), before the establishment seeks reimbursement with the Secretary for those disbursements.