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Program Integrity Final Rule

This overview outlines the new provisions for disbursement of Title IV funds for books and supplies under the Final Rule. Schools are required to ensure Pell-eligible students can access necessary materials by the 7th day of the payment period, utilizing either actual costs or component costs based on the student's cost of attendance (COA). Institutions can choose their disbursement methods and must adequately inform students of their options. Importantly, students can opt out, and using the school's method implies authorization of Title IV fund usage. Schools remain liable for misallocated Pell funds if students do not attend.

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Program Integrity Final Rule

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  1. Program Integrity Final Rule Disbursement of Title IV Funds: Provisions for Books and Supplies

  2. Disbursement: Provisions for Books and Supplies School must provide way for Pell-eligible students to obtain required books/supplies no later than 7th day of payment period if, 10 days prior to payment period: • School could disburse student’s funds, and • Disbursing those funds results in Title IV credit balance §668.164(i)

  3. Disbursement: Provisions for Books and Supplies School must provide student with lesser of: • Credit balance • Amount student needs to purchase books and supplies §668.164(i)

  4. Disbursement: Provisions for Books and Supplies To determine cost for required books and supplies, school may use either: • Actual costs • Books and supplies component for student’s COA for the payment period §668.164(i)

  5. Disbursement: Provisions for Books and Supplies • School chooses its method for making these funds available to the student • School financial aid information and notifications to Title IV recipients must describe how and when these funds will be made available to eligible students • School must offer student a right to opt out § 668.164(i)

  6. Disbursement: Provisions for Books and Supplies • If student uses method provided by school, student is considered to have authorized the use of Title IV funds—no separate authorization required for this purpose • As in current rules, school is liable for Pell Grand funds credited to student’s account or disbursed directly to student, if student does not begin attendance in payment period. §668.164(i)

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