[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: 34CFR648.52]



[Page 337]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 648_GRADUATE ASSISTANCE IN AREAS OF NATIONAL NEED--Table of Contents

 

           Subpart E_How Does the Secretary Distribute Funds?

 

Sec. 648.52  What is the amount of the institutional payment?



    (a) For academic year 1998-1999, the amount of the institutional 

payment received by an institution of higher education for each student 

awarded a fellowship at the institution is $10,222. Thereafter, the 

Secretary adjusts the amount of the institutional payment annually in 

accordance with inflation as determined by the United States Department 

of Labor's Consumer Price Index for the previous calendar year. The 

Secretary announces the amount of the institutional payment in a notice 

published in the Federal Register.

    (b) The institutional allowance paid under paragraph (a) of this 

section is reduced by the amount the institution charges and collects 

from a fellowship recipient for tuition and other expenses as part of 

the recipient's instructional program.



(Authority: 20 U.S.C. 1135d)



[58 FR 65842, Dec. 16, 1993, as amended at 64 FR 13487, Mar. 18, 1999]