Virginia Code 23.1-634: Prompt crediting and expeditious refunding of funds.
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Each eligible institution acting as an agent for students receiving grants under the Program shall promptly credit disbursed funds to student accounts following the institution’s verification of student eligibility and expeditiously distribute any refunds due recipients.
Terms Used In Virginia Code 23.1-634
- Eligible institution: means a nonprofit private institution of higher education whose primary purpose is to provide collegiate, graduate, or professional education and not to provide religious training or theological education. See Virginia Code 23.1-628
- Program: means the Tuition Assistance Grant Program. See Virginia Code 23.1-628
1985, c. 359, § 23-38.17:1; 2000, cc. 94, 660; 2016, c. 588; 2017, c. 314.