[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: 34CFR650.42]



[Page 345]

 

                           TITLE 34--EDUCATION

 

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

 

PART 650_JACOB K. JAVITS FELLOWSHIP PROGRAM--Table of Contents

 

     Subpart E_What Are the Administrative Responsibilities of the 

                              Institution?

 

Sec. 650.42  How are stipends to be administered?



    (a) The institution annually shall calculate the amount of a 

fellow's financial need in the same manner as that in which the 

institution calculates its students' financial need under part F of 

title IV of the HEA.

    (b) For a fellowship initially awarded for an academic year prior to 

the academic year 1993-1994, the institution shall pay the fellow a 

stipend in the amount of the fellow's financial need or $10,000, 

whichever is less.

    (c) For a fellowship initially awarded for the academic year 1993-

1994 or any succeeding academic year, the institution shall pay the 

fellow a stipend at a level of support equal to that provided by the 

National Science Foundation graduate fellowships, except that the amount 

must be adjusted as necessary so as not to exceed the fellow's 

demonstrated level of financial need.



(Authority: 20 U.S.C. 1134b)