[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: 34CFR668.19]



[Page 420]

 

                           TITLE 34--EDUCATION

 

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

 

PART 668_STUDENT ASSISTANCE GENERAL PROVISIONS--Table of Contents

 

     Subpart B_Standards for Participation in Title IV, HEA Programs

 

Sec. 668.19  Financial aid history.



    (a) Before an institution may disburse title IV, HEA program funds 

to a student who previously attended another eligible institution, the 

institution must use information it obtains from the Secretary, through 

the National Student Loan Data System (NSLDS) or its successor system, 

to determine--

    (1) Whether the student is in default on any title IV, HEA program 

loan;

    (2) Whether the student owes an overpayment on any title IV, HEA 

program grant or Federal Perkins Loan;

    (3) For the award year for which a Federal Pell Grant is requested, 

the student's scheduled Federal Pell Grant and the amount of Federal 

Pell Grant funds disbursed to the student;

    (4) The outstanding principal balance of loans made to the student 

under each of the title IV, HEA loan programs; and

    (5) For the academic year for which title IV, HEA aid is requested, 

the amount of, and period of enrollment for, loans made to the student 

under each of the title IV, HEA loan programs.

    (b)(1) If a student transfers from one institution to another 

institution during the same award year, the institution to which the 

student transfers must request from the Secretary, through NSLDS, 

updated information about that student so it can make the determinations 

required under paragraph (a) of this section; and

    (2) The institution may not make a disbursement to that student for 

seven days following its request, unless it receives the information 

from NSLDS in response to its request or obtains that information 

directly by accessing NSLDS, and the information it receives allows it 

to make that disbursement.



(Approved by the Office of Management and Budget under control number 

1845-0537)



(Authority: 20 U.S.C. 1091 and 1094)



[65 FR 65675, Nov. 1, 2000]