OAR 575-105-0020. Disbursements of Grant Funds to Students

(1) Institutions shall disburse grants to eligible students from funds provided by the Commission on an academic term basis within a time schedule established annually by the Commission. A disbursement may not be made to a student who does not meet student eligibility requirements as defined in OAR 575-105-0005. (2) If, as a result of an institutional error, grants are disbursed to ineligible students, to students in ineligible programs, or to students for an inappropriate number of terms, the institution shall reimburse the commission the full amount of moneys erroneously disbursed. (3) Institutions shall refund unused grant funds to the Commission within a time schedule established annually by the commission. (4) With Commission approval, institutions may make late disbursements of retroactive awards for prior academic terms as determined by the Commission.