34 CFR 686.23

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

United States · 34 CFR — Education · Status: effective

Cite this

Citation: 34 CFR 686.23, § 686.23 Calculation of a grant for a payment period that occurs in two award years, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/158013
Permanent ID: ys:prov:158013@1
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Full text

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) 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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.