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PAYMENT SCHEDULE

Grants are paid to universities and colleges according to the following payment schedule:

Administrative regulations

Institutions must spend their funds during the fiscal year in which they were awarded. They must also use them for the purposes for which they were awarded and in accordance with the policies and guidelines of the program and their institution.

The steering committee reserves the right to terminate or suspend a grant should the recipient cease to meet the eligibility criteria. It also reserves the right to recover funds paid out after an institution no longer fulfills the required eligibility criteria, or on the basis of fraudulent or inaccurate information.