Title 34
SECTION 657.32
657.32 What is the payment procedure for fellowships
§ 657.32 What is the payment procedure for fellowships?(a) An institution shall pay a fellow his or her subsistence and any other allowance in installments during the term of the fellowship.
(b) An institution shall make a payment only to a fellow who is in good standing and is making satisfactory progress.
(c) The institution shall make appropriate adjustments of any overpayment or underpayment to a fellow.
(d) Funds not used by one recipient for reasons of withdrawal are to be used for alternate recipients to the extent that funds are available for a full subsistence allowance.
(Authority: 20 U.S.C. 1122)