[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: 34CFR648.52]

[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 E_How Does the Secretary Distribute Funds?
 
Sec. 648.52  What is the amount of the institutional payment?

    (a) For academic year 1998-1999, the amount of the institutional 
payment received by an institution of higher education for each student 
awarded a fellowship at the institution is $10,222. Thereafter, the 
Secretary adjusts the amount of the institutional payment annually in 
accordance with inflation as determined by the United States Department 
of Labor's Consumer Price Index for the previous calendar year. The 
Secretary announces the amount of the institutional payment in a notice 
published in the Federal Register.
    (b) The institutional allowance paid under paragraph (a) of this 
section is reduced by the amount the institution charges and collects 
from a fellowship recipient for tuition and other expenses as part of 
the recipient's instructional program.

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

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