19 Tex. Admin. Code § 22.8 - Financial Aid Adjustments
(a)
Withdrawal from Enrollment.
(1) Gift Aid. If
a student officially withdraws from enrollment, then the institution shall
reduce the student's gift aid by the same percentage by which the student's
tuition has been reduced per the institution's general institutional refund
policy.
(2) Loans. If a student
officially withdraws from enrollment, the institution shall recalculate the
student's cost of attendance to determine whether an adjustment to the
student's state-funded loan aid is warranted.
(3) If the student withdraws or drops classes
after the end of the institution's refund period, no refunds are due to the
program(s) from which the student received financial assistance.
(b) Over Awards.
(1) An over award occurs when a student's
total financial assistance (including the student's state-funded and additional
financial assistance) exceeds his/her financial need.
(2) If an over award occurs, the institution
shall resolve the over award by recalculating the student's amount of
state-funded financial assistance in accordance with the institution's
procedures, except the institution is not required to recalculate the student's
financial aid if:
(A) the over award occurred
after state-funded financial assistance has been disbursed because the student
received additional financial assistance that was not factored into the
institution's estimate of his/her financial need; and
(B) the student's total financial assistance
exceeds his/her need by $300 or less.
(c) Ineligibility.
(1) If an institution determines that a
student is ineligible for financial assistance from one or more programs in
this chapter after receiving financial assistance from the program(s), the
institution shall adjust the student's financial aid in accordance with the
institution's procedures to either resolve the eligibility issue or remove the
student from the program(s).
(2) An
institution may distribute gift aid funds for which a student has been deemed
ineligible to a different eligible student or return the funds to the
Coordinating Board in accordance with §
22.2(a)(2) of
this subchapter (relating to Timely Distribution of Funds).
(d) If, for some reason not already specified
in this section, the amount of a student's disbursement exceeds the amount the
student is eligible to receive, the institution shall recalculate the student's
financial aid accordingly.
Notes
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