Section 457-603-7 - Payment Disbursement ProvisionsA. A check will be made payable to each postsecondary institution for all funds to be received by student or teacher loan recipients who are indicated as duly enrolled by the institution on a roster which is sent to the institution prior to the start of each semester. A disbursement will be made to the institution at least once each semester with the appropriate amount to be credited to the accounts of the student or teacher recipients. Each check shall be disbursed within 60 days following receipt of evidence that recipients are duly enrolled.B. Loans for students, except for students pursuing postbaccalaureate teacher certification shall be disbursed in the amount requested although this shall not exceed $1500 per academic year and shall be disbursed on a semester basis, one- half for the first semester and one-half for the second semester.C. Loans for teachers and students pursuing postbaccalaureate teacher certification shall not exceed $1500 for the 12 month period beginning July 1 and shall be disbursed on the basis of one-third for the summer semester (summer school), one third for the fall semester, and one-third for the spring semester. Appeals to alter this fund distribution may be made by addressing a request to alter the fund distribution to the chief executive officer. Such requests must be supported with evidence of actual direct and indirect educational expenses, including, but not limited to, tuition, transportation, room and board, books and supplies. Such requests will be considered on a case by case basis.D. If a recipient of a loan withdraws from an institution and if the student or teacher is entitled to a refund of tuition, fees or other charges, the institution shall pay directly to the Authority from that refund a sum which represents the portion of the loan paid to the student or teacher for the portion of the academic year that the student or teacher did not complete.94- 457 C.M.R. ch. 603, § 7