(B) For virtually any yr through which the institution's enrolled students open 30 or even more fiscal accounts promoted underneath the T2 arrangement, the volume of college students who had monetary accounts beneath the agreement at any time in the most recently accomplished award year, as well as the indicate and median of the actual expenditures incurred by All those account holders;

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The Secretary could need an institution to maintain title IV, HEA application resources inside a separate depository account which contains no other resources If your Secretary decides the establishment failed to adjust to—

The eCFR is shown with paragraphs split and indented to Stick to the hierarchy from the doc. This is an automatic approach for user advantage only and is not meant to alter company intent or current codification.

The Secretary considers excessive cash for being any level of title IV, HEA program funds, besides Federal Perkins Bank loan program cash, that an establishment won't disburse to students by the end of your 3rd company day next the date the establishment—

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(ii) Except if the Secretary delivers money to the institution underneath the reimbursement payment approach or maybe the heightened cash checking payment approach explained in § 668.

(B) A mean of 5 % or more of The scholars enrolled for the establishment experienced a title IV credit score harmony. The establishment calculates this percentage as follows:

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If an entity publishes a set of condensed financial statements in its interim financial report, Those people condensed statements shall include, at a minimal, Just about every of the headings and subtotals which were included in its most recent annual economic statements [Refer:IAS 1 paragraphs 36 and 37] and the selected explanatory notes as essential by this Typical.

(one) Requiring the institution to reimburse the Secretary for the costs the Federal govt incurred in supplying that surplus cash into the institution; and

He consistently performed in solely black satisfies with a prolonged, black, knee-duration coat. This outfit stood in distinction on the rhinestone fits and cowboy boots worn by many of the key region acts of his working day.