(3) If a check despatched into a student or father or mother isn't returned into the institution but is not cashed, the establishment have to return the cash towards the Secretary no later than 240 days after the day it issued the check.
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Apart from resources provided by the Secretary for administrative costs, and for cash useful for the Job Area and Advancement System less than 20 CFR component 675, subpart B, funds acquired by an establishment underneath the title IV, HEA courses are held in believe in to the supposed beneficiaries or maybe the Secretary. The establishment, to be a trustee of Those people cash, might not use or hypothecate (
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) A unique university student identifier produced by the institution that doesn't include a Social Stability variety, in whole or partly;
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