01 NCAC 26B .0213. WHEN A RECIPIENT LEAVES A PUBLIC INSTITUTION

In those cases where the student is willing to "write off" the term and have it deducted from his remaining scholarship eligibility time, the division of veterans affairs will honor reimbursement billings and the term will be deducted from his remaining eligibility time.

In cases where, with consent of the institution, the student prefers to repay the institution for all scholarship expenses of the term and retain that eligibility time for future use, the division has no objection; however, in those cases where the division has been billed for the term, it is the responsibility of the institution to inform the division that the term has been redeemed.  Such notice may be submitted with the next billing.

In either situation, the full term must be either written off or redeemed. The division will not undertake to keep account of fractions of terms.

 

History Note:        Authority G.S. 143B‑252(4); 143B‑399(4); 165‑22.1(e);

Eff. February 1, 1976;

Readopted Eff. February 27, 1979.