[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: 34CFR690.64]

[Page 904-905]
 
                           TITLE 34--EDUCATION
 
 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
 
PART 690_FEDERAL PELL GRANT PROGRAM--Table of Contents
 
          Subpart F_Determination of Federal Pell Grant Awards
 
Sec. 690.64  Calculation of a Federal Pell Grant for a payment period which 

occurs in two award years.

    (a) If a student enrolls in a payment period which is scheduled to 
occur in two award years--
    (1) The entire payment period must be considered to occur within one 
award year.
    (2) The institution shall determine for each Federal Pell Grant 
recipient the award year in which the payment

[[Page 905]]

period will be placed subject to the restrictions set forth in paragraph 
(a)(3) of this section.
    (3) The institution shall place a payment period with more than six 
months scheduled to occur within one award year in that award year.
    (4) If an institution places the payment period in the first award 
year, it shall pay a student with funds from the first award year.
    (5) If an institution places the payment period in the second award 
year, it shall pay a student with funds from the second award year.
    (b) An institution may not make a payment which will result in the 
student receiving more than his or her Scheduled Federal Pell Grant for 
an award year.

(Authority: 20 U.S.C. 1070a)

[50 FR 10722, Mar. 15, 1985, as amended at 56 FR 56916, Nov. 6, 1991; 59 
FR 54730, 54734, Nov. 1, 1994]