Examples of Eligible educational institution in a sentence
Eligible educational institution" means that term as defined in section 11(b)(1)( viii).
If any amount adjusted under section 221(f)(1) is not a multiple of$5,000, the amount will be rounded to the next lowest multiple of $5,000.(e) Definitions—(1) Eligible educational institution.
Withdrawal” means a disbursement of funds from the Account that is directed by the Purchaser to be paid to the Purchaser or an Eligible educational institution.
Once a Beneficiary has been accepted for enrollment in an Eligible educational institution the Purchaser may begin using funds, including Purchaser contributions and Matching contributions, on deposit in the Account for the payment of Qualified higher education expenses of the Beneficiary by requesting a Withdrawal of funds.
The Purchaser may use either Purchaser contributions or the Matching contributions to pay for Qualified higher education expenses by directing payment to the Purchaser, the Beneficiary or an Eligible educational institution as an advance payment or as reimbursement for Qualified higher education expenses.