 |
Code of Federal Regulations (Last Updated: November 8, 2024) |
 |
Title 34 - Education |
|
Subtitle B - Regulations of the Offices of the Department of Education |
|
Chapter VI - Office of Postsecondary Education, Department of Education |
|
Part 654 - Robert C. Byrd Honors Scholarship Program |
|
Subpart F - How Does a Scholar Receive Scholarship Payments? |
§ 654.50 - How does an SEA disburse scholarship funds?
Latest version.
-
§ 654.50 How does an SEA disburse scholarship funds?
(a) Except as provided in paragraph (b) of this section, the SEA shall disburse $1,500 for each year of study for a maximum of four years of study to each scholar who -
(1) Is selected in accordance with the criteria established under § 654.41; and
(2) Meets the requirements for continuing eligibility under § 654.51.
(b)
(1) The SEA shall ensure that the total amount of financial aid awarded to a scholar for a year of study does not exceed the total cost of attendance.
(2) The SEA shall ensure that loans are reduced prior to reducing a scholarship awarded under this program.
(c) The SEA shall ensure that the selection process is completed, and the awards made, prior to the end of each secondary school academic year.