20 U.S. Code § 1087–55 - Flexible use of funds
An eligible institution may, upon the request of a student, make payments to the student under this part by crediting the student’s account at the institution or by making a direct deposit to the student’s account at a depository institution. An eligible institution may only credit the student’s account at the institution for (1) tuition and fees, (2) in the case of institutionally owned housing, room and board, and (3) other institutionally provided goods and services.
Section was formerly classified to section 2755 of Title 42, The Public Health and Welfare, prior to transfer to this section. See note below.
Section was originally enacted as section 125 (and later renumbered section 145) of the Economic Opportunity Act of 1964, Pub. L. 88–452, at which time it was classified to section 2755 of Title 42, The Public Health and Welfare. It was renumbered as section 445 of title IV of the Higher Education Act of 1965, Pub. L. 89–329, by Pub. L. 90–575, § 131(a), (b)(1), and later editorially transferred to this section to merge with the rest of the Act, which is classified to this chapter. For complete credit information on acts affecting this section prior to Pub. L. 99–498, see Prior Provisions note below.
A prior section 445 of Pub. L. 89–329, title IV, formerly Pub. L. 88–452, title I, § 145, formerly § 125, Aug. 20, 1964, 78 Stat. 516; Pub. L. 89–329, title IV, § 441(6), Nov. 8, 1965, 79 Stat. 1250; renumbered § 145, Pub. L. 90–222, title I, § 111(a), Dec. 23, 1967, 81 Stat. 726; renumbered Pub. L. 89–329, title IV, § 445, by Pub. L. 90–575, title I, § 131(a), (b)(1), Oct. 16, 1968, 82 Stat. 1028, related to sources of matching funds, prior to the general revision of this part by Pub. L. 99–498. See section 1087–54 of this title.
2008—Subsec. (d). Pub. L. 110–315 added subsec. (d).
1998—Subsec. (c). Pub. L. 105–244 added subsec. (c).
1992—Subsec. (b). Pub. L. 102–325 designated existing provisions as par. (1) and added par. (2).
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