cash management

From: Pauletti, Daniel (DPAULETTI@wcupa.edu)
Date: Wed Jan 30 2002 - 11:40:07 EST

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I have a cash management question: Is anyone aware of a federal regulation
that prohibits schools from getting interest from funds drawn down on Pell
or Stafford Loans and placed in an escrow account? Are we allowed to sweep
these funds into an interest bearing account?

Daniel Pauletti
Director of Student Financial Services
West Chester University
West Chester, PA 19383
Ph. 610.436.2555
Fax 610.436.3049
dpauletti@wcupa.edu

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