§676.16. Payment of an FSEOG.
34 C.F.R. § 676.16
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.
The institution shall determine the amount paid each payment period by the following fraction:
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.
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.
An institution shall disburse funds to a student or the student's account in accordance with the provisions in § 668.164.
The institution shall return to the FSEOG account any funds paid to a student who, before the first day of classes—
Officially or unofficially withdraws; or
Is expelled.
A student who does not begin class attendance is deemed to have withdrawn.
A correspondence student shall submit his or her first completed lesson before receiving an FSEOG payment.
Notes, amendments, and revision history
Amendments
[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; 72 FR 62030, Nov. 1, 2007]
Authority
Authority: 20 U.S.C. 1070b—1070b-3, unless otherwise noted.
Source
Source: 52 FR 45778, Dec. 1, 1987, unless otherwise noted.
Amendments
[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; 72 FR 62030, Nov. 1, 2007]