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Can a school use current-year funds to satisfy prior award year changes?

April 26, 2017award changes current-year funds prior satisfy School year

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Can a school use current-year funds to satisfy prior award year changes?

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A school may pay up to $200 of current-year funds to satisfy prior award year charges for tuition and fees, room, or board ( and with permission) educationally related charges. FSA funds may not be used to repay a student’s loan. Loan payments are not part of the cost of attendance for the period of enrollment.