[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: 34CFR690.2] [Page 896-898] TITLE 34--EDUCATION CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION PART 690_FEDERAL PELL GRANT PROGRAM--Table of Contents Subpart A_Scope, Purpose and General Definitions Sec. 690.2 Definitions. (a) The following definitions are contained in the regulations for Institutional Eligibility under the Higher Education Act of 1965, as amended, 34 CFR part 600: Award year Clock hour Correspondence course Secretary State (b) The following definitions are contained in subpart A of the Student Assistance General Provisions, 34 CFR part 668: Academic Competitiveness Grant (ACG) Program Academic year Dependent student Eligible program Enrolled Expected family contribution Federal Family Education Loan (FFEL) Program Federal Pell Grant Program Federal Perkins Loan Program Federal Supplemental Educational Opportunity Grant Program Federal Work-Study Program Full-time student HEA Independent student National Science and Mathematics Access to Retain Talent Grant (National SMART Grant) Program Parent Payment period William D. Ford Federal Direct Loan Program (c) Other terms used in this part are: Annual award: The Federal Pell Grant award amount a full-time student would receive under the Payment Schedule for a full academic year in an award year, and the amount a three-quarter-time, half-time, and less-than-half-time student would receive under the appropriate Disbursement Schedule for being enrolled in that enrollment status for a full academic year in an award year. Central processor: An organization under contract with the Secretary that calculates an applicant's expected family contribution based on the applicant's application information, transmits an ISIR to each institution designated by the applicant, and submits reports to the Secretary on the correctness of its computations of the expected family contribution amounts and the accuracy of the answers to questions on application forms for the previous award year cycle. Disbursement Schedule: A table showing the annual awards that three- quarter, half-time, and less-than-half-time students at term-based institutions using credit hours would receive for an academic year. This table is published [[Page 897]] annually by the Secretary and is based on-- (1) A student's expected family contribution, as determined in accordance with title IV, part F of the HEA; and (2) A student's attendance costs as defined in title IV, part F of the HEA. (3) The amount of funds available for making Federal Pell Grants. Electronic Data Exchange: An electronic exchange system between the central processor and an institution under which-- (1) A student is able to transmit his or her application information to the central processor through his or her institution and an ISIR is transmitted back to the institution; (2) A student through his or her institution is able to transmit any changes in application information to the central processor; and (3) An institution is able to receive an ISIR from the central processor for a student. Eligible student: An eligible student as described in 34 CFR part 668, subpart C. Enrollment status: Full-time, three-quarter-time, half-time, or less-than-half-time depending on a student's credit-hour work load per academic term at an institution using semesters, trimesters, quarters, or other academic terms and measuring progress by credit hours. Half-time student: (1) Except as provided in paragraph (2), an enrolled student who is carrying a half-time academic work load--as determined by the institution--which amounts to at least half the work load of the appropriate minimum requirement outlined in the definition of a full-time student. (2) A student enrolled solely in a program of study by correspondence who is carrying a work load of at least 12 hours of work per week, or is earning at least 6 credit hours per semester, trimester or quarter. However, regardless of the work, no student enrolled solely in correspondence study is considered more than a half-time student. Institution of higher education (Institution). An institution of higher education, or a proprietary institution of higher education, or a postsecondary vocational institution as defined in 34 CFR part 600. Institutional Student Information Record (ISIR): An electronic record that the Secretary transmits to an institution that includes an applicant's-- (1) Personal identification information; (2) Application data used to calculate the applicant's EFC; and (3) EFC. Less-than-half-time student: An enrolled student who is carrying less than half the work load of the appropriate minimum requirement outlined in the institution's definition of a full-time student. Payment Data: An electronic record that is provided to the Secretary by an institution showing student disbursement information. Payment Schedule: A table showing a full-time student's Scheduled Federal Pell Grant for an academic year. This table, published annually by the Secretary, is based on-- (1) The student's EFC; and (2) The student's cost of attendance as defined in part F of title IV of the HEA. Scheduled Federal Pell Grant: The amount of a Federal Pell Grant which would be paid to a full-time student for a full academic year. Student Aid Report (SAR): A report provided to an applicant by the Secretary showing the amount of his or her expected family contribution. Three-quarter-time student: An enrolled student who is carrying a three-quarter-time academic work load--as determined by the institution--which amounts to at least three quarters of the work of the appropriate minimum requirement outlined in the definition of a ``full- time student'' as defined in 34 CFR part 668. Undergraduate student: A student enrolled in an undergraduate course of study at an institution of higher education who-- (1) Has not earned a baccalaureate or first professional degree; and (2) Is in an undergraduate course of study which usually does not exceed 4 academic years, or is enrolled in a 4 to 5 academic year program designed to lead to a first degree. A student enrolled in a program of any other length is considered an undergraduate student [[Page 898]] for only the first 4 academic years of that program. Valid Institutional Student Information Record (valid ISIR): An ISIR on which all the information used in calculating the applicant's expected family contribution is accurate and complete as of the date the application is signed. Valid Student Aid Report: A Student Aid Report on which all of the information used in calculating the applicant's expected family contribution is accurate and complete as of the date the application is signed. (Authority: 20 U.S.C. 1070a) [50 FR 10717, Mar. 15, 1985, as amended at 51 FR 41926, Nov. 19, 1986; 51 FR 43161, Nov. 28, 1986; 52 FR 38207, Oct. 14, 1987; 52 FR 45735, Dec. 1, 1987; 56 FR 56916, Nov. 6, 1991; 59 FR 54730, Nov. 1, 1994; 60 FR 61816, Dec. 1, 1995; 61 FR 60396, Nov. 27, 1996; 61 FR 60610, Nov. 29, 1996; 69 FR 12276, Mar. 16, 2004; 71 FR 38004, July 3, 2006]