The Department of Education has instituted new regulations that provide comprehensive requirements to institutions that disburse Title IV credit balance refunds.

While some of the rules apply to all institutions, a number of the regulations focus on arrangements between institutions and banks.

There are two types of arrangements in the final rules called Tier One (T1) and Tier Two (T2) which dictate the provisions each university must comply with.

Missouri Western State University does not currently have any Tier One or Tier Two relationships or agreements.