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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 34 - Education |
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Subtitle B - Regulations of the Offices of the Department of Education |
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Chapter VI - Office of Postsecondary Education, Department of Education |
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Part 690 - Federal Pell Grant Program |
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Subpart G - Administration of Grant Payments |
§ 690.76 - Frequency of payment.
Latest version.
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§ 690.76 Frequency of payment.
(a) In each payment period, an institution may pay a student at such times and in such installments as it determines will best meet the student's needs.
(b) The institution may pay funds in one lump sum for all the prior payment periods for which the student was an eligible student within the award year. The student's enrollment status must be determined according to work already completed.
[50 FR 10724, Mar. 15, 1985, as amended at 56 FR 56916, Nov. 6, 1991]