§ 648.52 What is the amount of the institutional payment?
FederalRegulations
Ask Donna
How this section applies to your facts.
Title 34—Education > Subtitle B—Regulations of the Offices of the Department of Education > CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION > PART 648—GRADUATE ASSISTANCE IN AREAS OF NATIONAL NEED > Subpart E—How Does the Secretary Distribute Funds?
Text
(a) For academic year 1998-1999, the amount of the institutional payment received by an institution of higher education for each student awarded a fellowship at the institution is $10,222. Thereafter, the Secretary adjusts the amount of the institutional payment annually in accordance with inflation as determined by the United States Department of Labor's Consumer Price Index for the previous calendar year. The Secretary announces the amount of the institutional payment in a notice published in the Federal Register.
(b) The institutional allowance paid under paragraph (a) of this section is reduced by the amount the institution charges and collects from a fellowship recipient for tuition and other expenses as part of the recipient's instructional program.
(Authority: 20 U.S.C. 1135d)
[58 FR 65842, Dec. 16, 1993, as amended at 64 FR 13487, Mar. 18, 1999]
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.