[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR535.53]



[Page 168]

 

                           TITLE 34--EDUCATION

 

CHAPTER V--OFFICE OF BILINGUAL EDUCATION AND MINORITY LANGUAGES AFFAIRS, 

                         DEPARTMENT OF EDUCATION

 

PART 535_BILINGUAL EDUCATION: GRADUATE FELLOWSHIP PROGRAM--Table of 

Contents

 

            Subpart F_What Conditions Must Be Met by Fellows?

 

Sec. 535.53  What is the rule regarding interest?



    (a) In accordance with 31 U.S.C. 3717, the Secretary charges a 

fellowship recipient interest on the unpaid balance that the fellowship 

recipient owes.

    (b) No interest is charged for the period of time--

    (1) That precedes the date on which the fellowship recipient is 

required to begin repayment; or

    (2) During which repayment has been deferred under Sec. 535.54.



(Authority: 20 U.S.C. 7475(b))