No later than September 1, 2017, and each year thereafter, any institution with a T2 arrangement that meets or exceeds the credit balance thresholds under 34 CFR 668.164(f)(2)(ii) must post certain information prominently on the same website where the institution posts its full contract with a financial account provider. The institution must disclose:
For any year in which the institution’s enrolled students open 30 or more financial accounts under the arrangement,
- The number of students who had financial accounts under the contract at any time during the most recently completed award year; and
- The mean and median costs incurred by those student accountholders
Total Student Accounts with Two-Year Cohort |
2020-2021 Award Year |
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Number of students with financial accounts | 1,082 |
Mean | $46 |
Median | $3 |
The total monetary and non-monetary consideration paid or received by the parties under the contract;
Royalty Payment to University of Nevada Las Vegas | $81,000 |
Maxx Card Stock Payment to University of Nevada Las Vegas | N/A |
Athletic Sponsorship Payment to University of Nevada Las Vegas | $40,000 |
Scholarship Payment to University of Nevada Las Vegas | $5,000 |
2020-2021 Total Monetary Consideration | $126,000 |
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Marketing Commitment to University of Nevada Las Vegas | $15,000 |
2020-2021 Total Non-Monetary Consideration | $15,000 |