34 CFR 676.16 - Payment of an FSEOG.
(1) 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.
FSEOG=the total FSEOG awarded for an academic year and N=the number of payment periods that the institution expects the student will attend in that year.
(3) 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.
(b) 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.
(c) An institution shall disburse funds to a student or the student's account in accordance with the provisions in§ 668.164.
(1) The institution shall return to the FSEOG account any funds paid to astudent who, before the first day of classes—
(e) A correspondence student shall submit his or her first completed lesson before receiving an FSEOG payment.(Approved by the Office of Management and Budget under control number 1840-0535)
(Authority: 20 U.S.C. 1070b. 1091)
Title 34 published on 2014-07-01.
No entries appear in the Federal Register after this date, for 34 CFR Part 676.