Section R. 390.1508 - Refund of award moneysRule 8.
(1) An award recipient leaving a postsecondary institution prior to full utilization of an award shall waive any refund rights. Any unused award moneys, not to exceed payment for the enrollment period, shall be refunded by the institution to the authority. However, a recipient may opt to use any refunded award money during subsequent enrollment periods.(2) An award recipient who enrolls in, but fails to attend, a postsecondary institution after funds are advanced, is legally bound by the acceptance contract to refund to the authority the full amount of the payment advanced for that enrollment period.Mich. Admin. Code R. 390.1508