TITLE 34 - EDUCATION

SUBTITLE B - REGULATIONS OF THE OFFICES OF THE DEPARTMENT OF EDUCATION

CHAPTER VI - OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

PART 648 - GRADUATE ASSISTANCE IN AREAS OF NATIONAL NEED

subpart e - HOW DOES THE SECRETARY DISTRIBUTE FUNDS?

648.52 - What is the amount of the institutional payment?

  (a) For academic year 19981999, the amount of the institutional payment received by an institution of higher education for each student awarded a fellowship at the institution is $10,222. Thereafter, the Secretary adjusts the amount of the institutional payment annually in accordance with inflation as determined by the United States Department of Labor's Consumer Price Index for the previous calendar year. The Secretary announces the amount of the institutional payment in a notice published in the Federal Register.

  (b) The institutional allowance paid under paragraph (a) of this section is reduced by the amount the institution charges and collects from a fellowship recipient for tuition and other expenses as part of the recipient's instructional program.

(Authority: 20 U.S.C. 1135d) [58 FR 65842, Dec. 16, 1993, as amended at 64 FR 13487, Mar. 18, 1999]