Payment of an FSEOG.

34 C.F.R. § 676.16
in effectEffective: 2024-07-01
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(a)(1) Except as provided in paragraphs (b) and (e) of this section, an institution shall pay in each payment period a portion of an FSEOG awarded for a full academic year. (2) The institution shall determine the amount paid each payment period by the following fraction: (3) An institution may pay the student, within each payment period, at such times and in such amounts as it determines best meets the student's needs. (b) If a student incurs uneven cost or estimated financial assistance amounts during an academic year and needs additional funds in a particular payment period, the institution may pay FSEOG funds to the student for those uneven costs. (c) An institution shall disburse funds to a student or the student's account in accordance with the provisions in § 668.164. (d)(1) The institution shall return to the FSEOG account any funds paid to a student who, before the first day of classes— (i) Officially or unofficially withdraws; or (ii) Is expelled. (2) A student who does not begin class attendance is deemed to have withdrawn. (e) A correspondence student shall submit his or her first completed lesson before receiving an FSEOG payment. where: FSEOG = the total FSEOG awarded for an academic year and N = the number of payment periods that the institution expects the student will attend in that year.

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