[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR668.21]

[Page 436]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 668--STUDENT ASSISTANCE GENERAL PROVISIONS--Table of Contents
 
    Subpart B--Standards for Participation in Title IV, HEA Programs
 
Sec. 668.21  Treatment of Federal Perkins Loan, FSEOG, and Federal Pell Grant program funds if the recipient withdraws, drops out, or is expelled before his or 
          her first day of class.

    (a)(1) If a student officially withdraws, drops out, or is expelled 
before his or her first day of class of a payment period, all funds paid 
to the student for that payment period for institutional or 
noninstitutional costs under the Federal Pell Grant, FSEOG, and Federal 
Perkins Loan programs are an overpayment.
    (2) The institution shall return that overpayment to the respective 
title IV, HEA programs in the amount that the student received from each 
program.
    (b) For purposes of this section, the Secretary considers that a 
student drops out before his or her first day of class of a payment 
period if the institution is unable to document the student's attendance 
at any class during the payment period.

(Authority: 20 U.S.C. 1094)

[52 FR 45727, Dec. 1, 1987, as amended at 63 FR 40624, July 29, 1998]