[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: 34CFR668.4]



[Page 398-400]

 

                           TITLE 34--EDUCATION

 

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

 

PART 668_STUDENT ASSISTANCE GENERAL PROVISIONS--Table of Contents

 

                            Subpart A_General

 

Sec. 668.4  Payment period.



    (a) Payment periods for an eligible program that measures progress 

in credit hours and has academic terms. For a student enrolled in an 

eligible program that measures progress in credit hours and has academic 

terms, the payment period is the academic term.

    (b) Payment periods for an eligible program that measures progress 

in credit hours and does not have academic terms. (1) For a student 

enrolled in an eligible program that is one academic year or less in 

length--

    (i) The first payment period is the period of time in which the 

student completes half the number of credit hours in the program and 

half the number of weeks in the program; and

    (ii) The second payment period is the period of time in which the 

student completes the program.

    (2) For a student enrolled in an eligible program that is more than 

one academic year in length--

    (i) For the first academic year and any subsequent full academic 

year--

    (A) The first payment period is the period of time in which the 

student completes half the number of credit hours in the academic year 

and half the number of weeks in the academic year; and

    (B) The second payment period is the period of time in which the 

student completes the academic year.

    (ii) For any remaining portion of an eligible program that is more 

than one-half an academic year but less than a full academic year in 

length--

    (A) The first payment period is the period of time in which the 

student completes half the number of credit hours in the remaining 

portion of the program and half the number of weeks remaining in the 

program; and



[[Page 399]]



    (B) The second payment period is the period of time in which the 

student completes the remainder of the program.

    (iii) For any remaining portion of an eligible program that is not 

more than half an academic year, the payment period is the remainder of 

the program.

    (3) For purposes of paragraphs (b)(1) and (b)(2) of this section, if 

an institution is unable to determine when a student has completed half 

of the credit hours in a program, academic year, or remainder of a 

program; the student is considered to begin the second payment period of 

the program, academic year, or remainder of a program at the later of--

    (i) The date, as determined by the institution, on which the student 

has completed half of the academic coursework in the program, academic 

year, or remainder of the program; or

    (ii) The calendar midpoint between the first and last scheduled days 

of class of the program, academic year, or remainder of the program.

    (c) Payment periods for an eligible program that measures progress 

in clock hours. (1) For a student enrolled in an eligible program that 

is one academic year or less in length--

    (i) The first payment period is the period of time in which the 

student completes half the number of clock hours in the program; and

    (ii) The second payment period is the period of time in which the 

student completes the program.

    (2) For a student enrolled in an eligible program that is more than 

one academic year in length--

    (i) For the first academic year and any subsequent full academic 

year--

    (A) The first payment period is the period of time in which the 

student completes half the number of clock hours in the academic year; 

and

    (B) The second payment period is the period of time in which the 

student completes the academic year.

    (ii) For any remaining portion of an eligible program that is more 

than one-half an academic year but less than a full academic year in 

length--

    (A) The first payment period is the period of time in which the 

student completes half the number of clock hours in the remaining 

portion of the program; and

    (B) The second payment period is the period of time in which the 

student completes the remainder of the program.

    (iii) For any remaining portion of an eligible program that is not 

more than one half of an academic year, the payment period is the 

remainder of the program.

    (d) Number of payment periods. Notwithstanding paragraphs (b) and 

(c) of this section, an institution may choose to have more than two 

payment periods. If an institution so chooses, the regulations in 

paragraphs (b) and (c) of this section are modified to reflect the 

increased number of payment periods. For example, if an institution 

chooses to have three payment periods in an academic year in a program 

that measures progress in credit hours but does not have academic terms, 

each payment period must correspond to one-third of the academic year 

measured in both credit hours and weeks of instruction.

    (e) Re-entry within 180 days. If a student withdraws from a program 

described in paragraph (b) or (c) of this section during a payment 

period and then reenters the same program within 180 days, the student 

remains in that same payment period when he or she returns and, subject 

to conditions established by the Secretary or by the FFEL lender or 

guaranty agency, is eligible to receive any title IV, HEA program funds 

for which he or she was eligible prior to withdrawal, including funds 

that were returned by the institution or student under the provisions of 

Sec. 668.22.

    (f) Re-entry after 180 days or transfer. (1) Subject to the 

conditions of paragraph (f)(2) of this section, an institution 

calculates new payment periods for the remainder of a student's program 

based on paragraphs (b) through (d) of this section, for a student who 

withdraws from a program described in paragraph (b) or (c) of this 

section, and--

    (i) Reenters that program after 180 days,

    (ii) Transfers into another program at the same institution within 

any time period, or



[[Page 400]]



    (iii) Transfers into a program at another institution within any 

time period.

    (2) For a student described in paragraph (f)(1) of this section--

    (i) For the purpose of calculating payment periods only, the length 

of the program is the number of credit hours and the number of weeks, or 

the number of clock hours, that the student has remaining in the program 

he or she enters or reenters; and

    (ii) If the remaining hours, and weeks if applicable, constitute 

one-half of an academic year or less, the remaining hours constitute one 

payment period.



(Authority: 20 U.S.C. 1070 et seq.)



[67 FR 67071, Nov. 1, 2002]