[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR657.32]

[Page 365]
 
                           TITLE 34--EDUCATION
 
 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
 
PART 657_FOREIGN LANGUAGE AND AREA STUDIES FELLOWSHIPS PROGRAM
--Table of Contents
 
    Subpart D_What Conditions Must Be Met by a Grantee and a Fellow?
 
Sec. 657.32  What is the payment procedure for fellowships?

    (a) An institution shall pay a fellow his or her subsistence and any 
other allowance in installments during the term of the fellowship.
    (b) An institution shall make a payment only to a fellow who is in 
good standing and is making satisfactory progress.
    (c) The institution shall make appropriate adjustments of any 
overpayment or underpayment to a fellow.
    (d) Funds not used by one recipient for reasons of withdrawal are to 
be used for alternate recipients to the extent that funds are available 
for a full subsistence allowance.

(Authority: 20 U.S.C. 1122)

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