[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: 34CFR691.6]

[Page 912-913]
 
                           TITLE 34--EDUCATION
 
 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
 
PART 691_ACADEMIC COMPETITIVENESS GRANT (ACG) AND NATIONAL SCIENCE AND 
 
            Subpart A_Scope, Purpose, and General Definitions
 
Sec. 691.6  Duration of student eligibility--undergraduate course of study.

    (a) A student is eligible to receive up to one ACG Scheduled Award 
during each of the student's first and second academic years of 
enrollment over the course of the student's undergraduate education in 
all eligible programs as defined in Sec. 691.2(d).
    (b) A student is eligible to receive up to one National SMART Grant 
Scheduled Award during each of the student's third and fourth academic 
years of enrollment over the course of the student's undergraduate 
education in all eligible programs as defined in Sec. 691.2(d).
    (c) A student may not receive more than two ACG Scheduled Awards and 
two National SMART Grant Scheduled Awards.
    (d) For an eligible student enrolled in a summer term of an eligible 
program for which the institution determines payments under Sec. 
691.63(b) and (c), the student's summer term is considered to be--

[[Page 913]]

    (1) For an eligible program offered in semesters or trimesters with 
a single summer term that provides at least 12 semester or trimester 
hours of coursework, one-half of an academic year in weeks of 
instructional time under Sec. 691.63(b)(3)(i) and (c)(4)(i), or one-
third of an academic year in weeks of instructional time under Sec. 
691.63(b)(3)(ii) and (c)(4)(ii); or
    (2) For an eligible program offered in quarters with a single summer 
term that provides at least 12 quarter hours of coursework, one-third of 
an academic year in weeks of instructional time under Sec. 
691.63(b)(3)(i) and (c)(4)(i), or one-fourth of an academic year in 
weeks of instructional time under Sec. 691.63(b)(3)(ii) and (c)(4)(ii).

(Authority: 20 U.S.C. 1070a-1)

[71 FR 38004, July 3, 2006, as amended at 71 FR 64419, Nov. 1, 2006]