§690.64. Determining the award year for a Federal Pell Grant payment period that occurs in two award years.
34 C.F.R. § 690.64
If a student enrolls in a payment period that is scheduled to occur in two award years—
The entire payment period must be considered to occur within one award year;
The institution must determine for each Federal Pell Grant recipient the award year in which the payment period will be placed;
If an institution places the payment period in the first award year, it must pay a student with funds from the first award year; and
If an institution places the payment period in the second award year, it must pay a student with funds from the second award year.
An institution may not make a payment which will result in the student receiving more than one and one-half of his or her Scheduled Federal Pell Grant for an award year.
Notes, amendments, and revision history
Amendments
[77 FR 25901, May 2, 2012, as amended at 86 FR 59626, Oct. 28, 2021]
Source
Source: 50 FR 10722, Mar. 15, 1985, unless otherwise noted.
Authority
Authority: 20 U.S.C. 1070a, 1070g, unless otherwise noted.
Amendments
[77 FR 25901, May 2, 2012, as amended at 86 FR 59626, Oct. 28, 2021]