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(i) An institution located in a Point out that makes direct payments into a college student by EFT Which enters into an arrangement described in paragraph (e) or (f) of this segment, which includes an establishment that utilizes a 3rd-occasion servicer to make People payments, have to set up a range approach below which the scholar chooses certainly one of various options for acquiring All those payments.
(ii) Properly determined the amount of title IV, HEA application resources disbursed, including the amount of money compensated straight to the student or guardian; and
) Advise the coed in crafting that she or he is not really required to open or obtain a money account or obtain unit made available from or via a certain financial institution;
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(B) The day the check here student done the former payment period for which he / she acquired title IV, HEA plan resources; or
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) The existing award calendar year for just a student who isn't going to get a Direct Personal loan but gets funds beneath almost every other title IV, HEA method; or