.08 Payment.

A. At the beginning of each school term, institutions shall be asked to review billing rosters provided by the Office of Student Financial Assistance (OSFA) to certify that the recipient is a Maryland resident, enrolled in an eligible program for the number of credits for which the award was made, and meets satisfactory academic progress.

B. Upon receipt of the institution's certification, OSFA shall disburse the respective funds directly to the institution to be credited to the student's account.