(1) An establishment may possibly credit a pupil's ledger account with title IV, HEA application cash to pay for allowable fees connected with the current payment time period. Allowable costs are—
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(ix) Get affirmative steps, By the use of contractual preparations While using the financial institution as vital, to make sure that demands of the section are fulfilled with respect to all accounts supplied pursuant to T2 arrangements; and
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Frequently, accrual-approach taxpayers realize cash flow when all the events occur that repair the correct to obtain the money and the quantity of the money is usually determined with acceptable accuracy.
(B) Present into the Secretary an up-to-date URL for your contract for publication inside of a centralized databases accessible to the public;
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(B) The date the scholar accomplished the prior payment period for which they been given title IV, HEA plan resources; or
(A) Has an arrangement with a book publisher or other entity that permits it to help make These textbooks or supplies available to college students beneath competitive market place fees;
(B) A money account in which information regarding the account is communicated straight to learners through the 3rd-celebration servicer, or the establishment on behalf of or together with the 3rd-celebration servicer; or