1. Complete and return the annual application for state aid funds in the format_and by the date established by the Department of Education;
2. Maintain complete, accurate, and auditable student records documenting the institution’s administration of state financial aid_and tuition assistance funds;
3. Verify eligibility of enrolled students with the department each academic term;
4. Report each student’s program of study to the department using the most _recent classification of instructional programs taxonomy for the certificate or degree level as developed by the United States Department of Education’s National Center for Education Statistics;
5. Disburse state financial aid _and tuition assistance to eligible students;
6. Notify students annually regarding the renewal requirements for each state-funded award for which they are eligible;
7. Complete and return to the department all reports for the administration of state funds in the format and by the date established by the department;
8. Complete and return to the department all legislatively required reports in the format and by the date established by the department;
9. Retain required records for the later of 5 years or until such records are audited and any audit exceptions are resolved; and
10. Refund to the department any undisbursed advances within 60 days after the end of the regular registration period
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CODING: Words stricken are deletions; words underlined are additions.
