Section R. 390.1506 - Payment of awardRule 6.
(1) Award moneys shall be forwarded to the specified postsecondary institution by the authority for disbursement to the award recipient.(2) Payment of an award shall be made, at the option of the recipient, in a single payment at the time of enrollment in a postsecondary institution or in prorated payments issued to the student or to the postsecondary institution for credit to the student's account during the student's course of study. A payment shall not be less than 25% of the total award granted the recipient and shall not exceed the educational cost for the recipient's enrollment period as determined by the authority.Mich. Admin. Code R. 390.1506