[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR648.51]

[Page 337-338]
 
                           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 E_How Does the Secretary Distribute Funds?
 
Sec. 648.51  What is the amount of a stipend?

    (a) For a fellowship initially awarded for an academic year prior to 
the academic year 1993-94, the institution shall pay the fellow a 
stipend in an amount that equals the fellow's financial need or $10,000, 
whichever is less.
    (b) For a fellowship initially awarded for the academic year 1993-
94, 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 this 
amount must be adjusted as necessary so as not to exceed the fellow's 
demonstrated level of financial need as determined under part F of title 
IV of the HEA. The Secretary announces the

[[Page 338]]

amount of the stipend in a notice published in the Federal Register.

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

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