[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: 34CFR691.65]

[Page 921]
 
                           TITLE 34--EDUCATION
 
 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
 
PART 691_ACADEMIC COMPETITIVENESS GRANT (ACG) AND NATIONAL SCIENCE AND 
 
                    Subpart F_Determination of Awards
 
Sec. 691.65  Transfer student: Attendance at more than one institution during 

an academic year.

    (a) If a student who receives a grant under this part at one 
institution subsequently enrolls at a second institution in the same 
award year, the student may receive a grant at the second institution 
only if--
    (1)(i) The student submits a valid SAR to the second institution; or
    (ii) The second institution obtains a valid ISIR; and
    (2) The student is receiving a Federal Pell Grant in the same award 
year.
    (b) The second institution shall calculate the student's award 
according to Sec. 691.63.
    (c) The second institution may pay a grant only for that portion of 
the academic year of the student's eligible program in which a student 
is enrolled at that institution. The grant amount must be adjusted, if 
necessary, to ensure that the grant does not exceed the student's ACG or 
National SMART Grant Scheduled Award for that academic year.
    (d) If a student transfers between award years and the student's ACG 
or National SMART Grant Scheduled Award at the second institution 
differs from the ACG or National SMART Grant Scheduled Award at the 
first institution for that academic year of the student's eligible 
program, the grant amount at the second institution is calculated as 
follows--
    (1) The amount received at the first institution is compared to the 
ACG or National SMART Grant Scheduled Award at the first institution to 
determine the percentage of the ACG or National SMART Grant Scheduled 
Award that the student has received.
    (2) That percentage is subtracted from 100 percent.
    (3) The remaining percentage is the percentage of the ACG or 
National SMART Grant Scheduled Award at the second institution to which 
the student is entitled.
    (e) The student's ACG or National SMART Grant payment for each 
payment period is calculated according to the procedures in Sec. 691.63 
unless the remaining percentage of the ACG or National SMART Grant 
Scheduled Award at the second institution, referred to in paragraph 
(d)(3) of this section, is less than the amount the student would 
normally receive for that payment period. In that case, the student's 
payment is equal to that remaining percentage.
    (f) A transfer student shall repay any amount received that exceeds 
his or her ACG or National SMART Grant Scheduled Award for an academic 
year in accordance with Sec. 691.79.

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

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