Texas Administrative Code
Title 22 - EXAMINING BOARDS
Part 22 - TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY
Chapter 520 - PROVISIONS FOR THE FIFTH-YEAR ACCOUNTING STUDENTS SCHOLARSHIP PROGRAM
Section 520.8 - Retroactive Disbursements
Universal Citation: 22 TX Admin Code ยง 520.8
Current through Reg. 49, No. 12; March 22, 2024
(a) A student may receive a disbursement after the end of his or her period of enrollment if the student:
(1) owes funds to
the institution for the period of enrollment for which the award is being made;
or
(2) received a student loan that
is still outstanding for the period of enrollment for which the award is being
made.
(b) Funds that are disbursed retroactively shall either be used to pay the student's outstanding balance, including interest, from his or her period of enrollment at the institution or to make a payment against an outstanding loan received during that period of enrollment. Under no circumstances shall funds be released to the student.
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