---
kind: "section"
citation: "34 C.F.R. § 686.23"
title: "34"
number: "686.23"
heading: "Calculation of a grant for a payment period that occurs in two award years."
url: "https://uscodex.org/cfr/34/686.23"
---

# §686.23. Calculation of a grant for a payment period that occurs in two award years.


If a student enrolls in a payment period that is scheduled to occur in two award years—

- (a) The entire payment period must be considered to occur within one award year;
- (b) The institution must determine for each TEACH Grant recipient the award year in which the payment period will be placed subject to the restriction set forth in [paragraph (c)](#c) of this section;
- (c) The institution must place a payment period with more than six months scheduled to occur within one award year in that award year;
- (d) If the institution places the payment period in the first award year, it must pay a student with funds from the first award year; and
- (e) If the institution places the payment period in the second award year, it must pay a student with funds from the second award year.

## Notes

### Authority

Authority: 20 U.S.C. 1070g, et seq. , unless otherwise noted.

### Source

Source: 73 FR 35495, June 23, 2008, unless otherwise noted.