STUDENT AWARDS AFTER TERMINATION

Subpart 1. Payment of awards. If an institution is terminated from participating in a program during a payment period, a student at the institution who was eligible for an award before the effective date of the termination shall receive a payment for that payment period. Subp. 2. Notice. For the purposes of subpart 1, "notice" occurs: A. under the Student Educational Loan Fund (SELF) Program when the commissioner or servicer advises the student, in writing, that the loan is approved; and B. under the state grant and campus-based programs when the commissioner or institution has notified the student, in writing, of the award.