Institutions are responsible for conveying financial aid funds to their Title-IV eligible students in accordance with very detailed regulations and for establishing accounting and recordkeeping systems that ensure proper handling of federal funds. Disbursement is, in a sense, the culmination of the various aspects of determining student eligibility.
Related topics in this Index: Cash Management; Recordkeeping; Verification
U.S. Code, Title 20—Education Chapter 28—Higher Education Resources and Student Assistance Subchapter IV—Student Assistance > Part A—Grants to Students in Attendance at Institutions of Higher Education, Subpart 9—TEACH Grants § 1070g Definitions [HEA § 420L]
U.S. Code, Title 20—Education Chapter 28—Higher Education Resources and Student Assistance Subchapter IV—Student Assistance > Part G—General Provisions Relating to Student Assistance Programs § 1094(a)(19) Program participation agreements [HEA § 487(a)(19)]
See Authorizations regarding disbursement institutions must obtain to offer optional services and Third-Party Servicers