Rule 60201: Administration of Fellowships, Scholarships, and Loan Funds | University of Texas System

Rule 60201: Administration of Fellowships, Scholarships, and Loan Funds

Rule 60201: Administration of Fellowships, Scholarships, and Loan Funds

Details

Series: 
60000: Development
Who should know: 
Administrators
Chief Business Officers
Responsible Offices: 
External Relations
General Counsel
Date Approved: 
December 10, 2004
Date Last Amended: 
December 10, 2004

Sec. 1 Administration of Scholarships and Fellowships. 

In the case of scholarships and fellowships, the appropriate committee, or designated individual, receives applications, makes the necessary inquiries, and determines the award. The committee or designated individual advises the institutional head of the award who, in turn, approves and forwards the notice of award to the business office. Payments on scholarships and fellowships are made through the business office of the institution.

Sec. 2 Administration of Loan Funds. 

In the case of loan funds, the awarding committee or designated individual receives applications for loans, makes the necessary inquiries, and approves or declines the original loan as well as all renewals and extensions. The chairman of the awarding committee or the designated individual notifies the business office of the granting of loans, and all records including notes, cash, accounts, and collections are thereafter handled by that office. The principal of loan funds is kept intact insofar as possible. The chairman of the awarding committee or the designated individual may be requested by the business office to assist in collection of past due interest or principal.

Definitions

None

Amended Log

December 10, 2004

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