45 CFR 2525.440
§ 2525.440 Is there a limit on the number of recipients an individual may designate to receive a transferred award?
United States · 45 CFR — Public Welfare · Status: effective
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- Citation
- 45 CFR 2525.440, § 2525.440 Is there a limit on the number of recipients an individual may designate to receive a transferred award?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/222601
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Full text
(a) An Eligible Individual may transfer all or part of a non-expired education award to no more than two recipients.
(b) If a Designated Recipient rejects, in whole or in part, a transferred education award, or a transfer was revoked in accordance with § 2525.480, the education award can be transferred to another Designated Recipient, so long as the education award has not yet expired.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.