2813  TRUST FUND INVESTMENTS

In order to maximize funds, they should be invested whenever possible.  The 
only financial aid program that allows for the investment of excess funds is 
the National Direct Student Loan Program.  When these funds are invested, 
they must be returned to the program to be used for awards to students.

The State TreasurerŐs Office does not return any interest earnings to the 
campuses for the trust funds.  Therefore, it is the responsiblity of each campus 
to invest these funds.

Other trust funds such as campus short-term or emergency loan funds also 
may be available for investment.  Various options are available for investing 
surplus NDSL and other special trust funds; see SUAM Paragraphs 2813.01 
and 2813.02, below.