[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: 34CFR648.65]



[Page 338]

 

                           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 F_What Are the Administrative Responsibilities of the 

                              Institution?

 

Sec. 648.65  How does the institution of higher education disburse and 

return funds?



    (a) An institution that receives a grant shall disburse a stipend to 

a fellow in accordance with its regular payment schedule, but shall not 

make less than one payment per academic term.

    (b) If a fellow withdraws from an institution before completion of 

an academic term, the institution may award the fellowship to another 

individual who satisfies the requirements in Sec. 648.40.

    (c) If a fellowship is vacated or discontinued for any period of 

time, the institution shall return a prorated portion of the 

institutional payment and unexpended stipend funds to the Secretary, 

unless the Secretary authorizes the use of those funds for a subsequent 

project period. The institution shall return the prorated portion of the 

institutional payment and unexpended stipend funds at a time and in a 

manner determined by the Secretary.

    (d) If a fellow withdraws from an institution before the completion 

of the academic term for which he or she received a stipend installment, 

the fellow shall return a prorated portion of the stipend installment to 

the institution at a time and in a manner determined by the Secretary.



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