Title 34

SECTION 691.76

691.76 Frequency of payment.

§ 691.76 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 eligible under § 691.15 within the award year. The student's enrollment status must be determined according to work already completed.

(Authority: 20 U.S.C. 1070a-1) [71 FR 38004, July 3, 2006, as amended at 74 FR 20225, May 1, 2009]

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