Grant overpayment definition

Grant overpayment means any federal or state grant that occurs any time the student receives a payment that is greater than the amount for which the student is eligible.
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Examples of Grant overpayment in a sentence

  • The $1,000.00 is a TEACH Grant overpayment the school must resolve.

  • The notice must state that failure to make the re- quested repayment, or to make ar- rangements satisfactory to the holder of the overpayment debt to repay the overpayment, makes the student ineli- gible for further title IV, HEA program funds until final resolution of the TEACH Grant overpayment.

  • The Financial Aid staff will review the National Student Loan Data System (NSLDS) prior to awarding loans to review any prior loan history, default status, Pell Grant overpayment, lifetime limit on Pell and Subsidy Usage Limit 3.

  • Our findings will therefore be of direct relevance to the National LPG Working Group (LWG) (co-chaired by the Ministry of Water and Energy and GLPGP international experts).

  • Except as provided in paragraph (a)(3) of this section, if the student fails to repay a TEACH Grant overpayment or make arrangements satisfactory to the holder of the overpayment debt to repay the TEACH Grant overpayment, after the institution has taken the action required by paragraph (b) of this section, the institution must refer the overpayment to the Secretary for collection in accordance with procedures required by the Secretary.

  • In these cases the student’s Pell Grant overpayment, if any, is reduced by the amount of the refund to the Pell Grant account.When the enrollment status is not reduced, the refund is made to the student.

  • Grant Overpayments – Student Responsibility for Returning Unearned AidStudents will be notified by the School if a Pell Grant overpayment has occurred.

  • If a TEACH Grant overpayment exists, beginning with any unsub- sidized loans, the school should first reduce a student’s level of borrow- ing.

  • After referring the TEACH Grant overpayment to the Secretary under this section, the institution need make no further efforts to recover the overpayment.(Authority: 20 U.S.C. 1070g, et seq.

  • A student is not eligible to receive a State Grant if the student owes the school or the Agency for a State Grant overpayment.

Related to Grant overpayment

  • Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Contract, including any unapproved expenditures. Xxxxxxx understands and agrees that it will be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Contract. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract.

  • Underpayment means any payment or portion of a payment not made to a provider for services delivered to eligible members according to the laws and rules applicable to the Medicaid program and to which the provider is entitled.

  • concessionary payment means a payment made under arrangements made by the Secretary of State with the consent of the Treasury which is charged either to the National Insurance Fund or to a Departmental Expenditure Vote to which payments of benefit or tax credits under the benefit Acts or the Tax Credits Act 2002 are charged;

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.