(ii) To some father or mother, for the amount of the Direct Moreover Financial loan resources that a mother or father does not authorize the coed to get, by—
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(A) Suitable to acquire and it has been given the title IV, HEA system money for which reimbursement is sought; and
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(i) For a Direct Mortgage, the scholar is now not enrolled in the establishment as no less than a 50 percent-time scholar for that duration of enrollment for which the loan was intended; or
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(ii) The economic account or obtain system is cobranded While using the institution's title, symbol, mascot, or other affiliation and is particularly marketed principally to students with the establishment; or
) Be sure that initiating immediate payments by EFT to your scholar's existing economical account is as timely and no far more onerous to the coed as initiating an EFT to an account presented beneath an arrangement explained in paragraph (e) or (file) of the part;
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(viii) Make certain that the phrases on the accounts available pursuant to a T2 arrangement usually are not inconsistent with the most effective fiscal passions of the students opening them. The Secretary considers this necessity for being satisfied if—
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