{"data":{"id":"us/34-cfr-685.306","jurisdiction":"us","citation":"34 CFR 685.306","heading":"Payment of a refund or return of title IV, HEA program funds to the Secretary.","body":"(a) General. By applying for a Direct Loan, a borrower authorizes the school to pay directly to the Secretary that portion of a refund or return of title IV, HEA program funds from the school that is allocable to the loan. A school—\n(1) Must pay that portion of the student's refund or return of title IV, HEA program funds that is allocable to a Direct Loan to the Secretary; and\n(2) Must provide simultaneous writ-ten notice to the borrower if the school pays a refund or return of title IV, HEA program funds to the Secretary on be-half of that student.\n(b) Determination, allocation, and payment of a refund or return of title IV, HEA program funds. In determining the portion of a student's refund or return of title IV, HEA program funds that is allocable to a Direct Loan, the school must follow the procedures established in 34 CFR 668.22 for allocating and paying a refund or return of title IV, HEA program funds that is due.","path":["Title 34—Education","Subtitle B—Regulations of the Offices of the Department of Education","CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION","PART 685—WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM","Subpart C—Requirements, Standards, and Payments for Direct Loan Program Schools"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-34.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:40Z","sha256":"19bfea269d4b53e68c44e954d0083039cdc2e6f3d24156c75a51b27acbbead71","source_id":"us-cfr","stale":true,"prev":"us/34-cfr-685.305","next":"us/34-cfr-685.307"},"notice":"GroundRules: Original legal text. Not legal advice."}