[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: 34CFR676.16]

[Page 634-635]
 
                           TITLE 34--EDUCATION
 
 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
 
PART 676_FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM--Table of 
 
Sec. 676.16  Payment of an FSEOG.

    (a)(1) Except as provided in paragraphs (b) and (e) of this section, 
an institution shall pay in each payment period a portion of an FSEOG 
awarded for a full academic year.
    (2) The institution shall determine the amount paid each payment 
period by the following fraction:


FSEOG

--------

 N

where:


[[Page 635]]


FSEOG=the total FSEOG awarded for an academic year and N=the number of 
payment periods that the institution expects the student will attend in 
that year.

    (3) An institution may pay the student, within each payment period, 
at such times and in such amounts as it determines best meets the 
student's needs.
    (b) If a student incurs uneven cost or estimated financial 
assistance amounts during an academic year and needs additional funds in 
a particular payment period, the institution may pay FSEOG funds to the 
student for those uneven costs.
    (c) An institution shall disburse funds to a student or the 
student's account in accordance with the provisions in Sec. 668.164.
    (d)(1) The institution shall return to the FSEOG account any funds 
paid to a student who, before the first day of classes--
    (i) Officially or unofficially withdraws; or
    (ii) Is expelled.
    (2) A student who does not begin class attendance is deemed to have 
withdrawn.
    (e) Only one payment is necessary if the total amount the 
institution awards a student for an academic year under the FSEOG 
program is less than $501.
    (f) A correspondence student shall submit his or her first completed 
lesson before receiving an FSEOG payment.

(Approved by the Office of Management and Budget under control number 
1840-0535)

(Authority: 20 U.S.C. 1070b. 1091)

[52 FR 45778, Dec. 1, 1987, as amended at 53 FR 49147, Dec. 6, 1988; 57 
FR 32357, July 21, 1992; 59 FR 61420, 61421, Nov. 30, 1994; 59 FR 61722, 
Dec. 1, 1994; 61 FR 60396, Nov. 27, 1996; 61 FR 60608, Nov. 29, 1996; 71 
FR 45698, Aug. 9, 2006]