2807.01  REFUND OR REPAYMENT FORMULA

References:  34 C.F.R. 668.21 and 668.35; NASFAA Encyclopedia 1.17.33 and 
1.18.

Federal regulations specify a distribution formula to determine the portion of 
any refund or repayment that is to be returned to Title IV funds.  The 
institution must have a written refund policy published and made readily 
available to current and prospective students.