Cash Management Rules
Under the Title IV cash management regulations, institutions are required to publicly disclose any contract with a financial account provider that provides Title IV credit balances to student, known as a Tier One (T1) or Tier Two (2) Arrangement. Tier One (T1) arrangements are those between an institution and a third-party servicer where the servicer "performs one or more of the functions associated with processing direct payment of Title IV funds on the behalf of the institution" and offers one or more financial accounts under the arrangement, or markets an account to students itself or through another entity. Tier Two (T2) arrangements are defined as those between an institution and a bank under which accounts are offered and marketed directly to students.
Third Party Services Agreement
Expiration | Vendor Name | BPO | Agreements | Description |
11/28/22 | TouchNet | Payments & Refunds Commerce Mgmt |
Section §668.164(e)(2)(viii) and (f)(4)(iv) also states that the institution must post this contract information in "a format established by the Secretary." To meet this requirement, institutions must do the following:
- Post information regarding the mean and median costs student incurred and the number of student accountholders prominently, and as the first piece of information at the URL provided to the Department under §668.164(e)(2)(viii) and (f)(4)(v)
Total Accounts | Avg. Fee Amount | Median Fee Amount |
- Place information regarding to the total monetary consideration paid or received by the contracting parties directly below the information regarding student accounts
Academic Year | Total Paid |
2016-2017 | |
2017-2018 |
- Place any non-monetary consideration between contracting parties directly below information pertaining to the monetary consideration
Academic Year | Total |
2016-2017 | $0.00 |
2017-2018 | $0.00 |