§ 690.64. Determining the award year for a Federal Pell Grant payment period that occurs in two award years.
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/us/cfr/t34/s§ 690.64·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)If a student enrolls in a payment period that is scheduled to occur in two award years---
(1)The entire payment period must be considered to occur within one award year;
(2)The institution must determine for each Federal Pell Grant recipient the award year in which the payment period will be placed;
(3)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
(4)If an institution places the payment period in the second award year, it must pay a student with funds from the second award year.
(b)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. \[77 FR 25901, May 2, 2012, as amended at 86 FR 59626, Oct. 28, 2021\]
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§ 690.64
Determining the award year for a Federal Pell Grant payment period that occurs in two award years.
Fed. Reg.×3
Stat. Comp.×1
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