CFR > Title 34 - Education > SUBTITLE B—Regulations of the Offices of the Department of Education > CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION (parts 600 to 694) > PART 657—FOREIGN LANGUAGE AND AREA STUDIES FELLOWSHIPS PROGRAM > SUBPART D—What Conditions Must Be Met by a Grantee and a Fellow? (§657.30 to §657.34) > 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.

Code of Federal Regulations

(Authority: 20 U.S.C. 1122 )